In April 2007 the BCA released its Strategic Framework for Emissions Reduction, which outlined the BCA policy position on climate change. The framework identified the need to take a risk management approach and to introduce a linkable emissions trading scheme (ETS). But Australia cannot go it alone. What is required is an international response including all emitters. In the absence of global action, Australia must ensure its actions do not unnecessarily impact on its economy and living conditions. A well-designed ETS will ensure Australia can manage its economic growth while contributing to a reduction in global emissions. A poorly designed ETS means high economic and social costs for Australia with no environmental gain. In August 2008 the BCA released Modelling Success: Designing an ETS that Works, the first hard data on what will happen to real companies in Australia unless some modifications are made to the Rudd Government’s proposed Carbon Pollution Reduction Scheme. In December 2008 the federal government released its white paper on emissions trading. Read the BCA President’s statement in response to the white paper and the emissions reduction targets in the white paper.
In April 2007 the BCA released its Strategic Framework for Emissions Reduction, which outlined the BCA policy position on climate change. The framework identified the need to take a risk management approach and to introduce a linkable emissions trading scheme (ETS).
But Australia cannot go it alone. What is required is an international response including all emitters. In the absence of global action, Australia must ensure its actions do not unnecessarily impact on its economy and living conditions.
A well-designed ETS will ensure Australia can manage its economic growth while contributing to a reduction in global emissions. A poorly designed ETS means high economic and social costs for Australia with no environmental gain.
In August 2008 the BCA released Modelling Success: Designing an ETS that Works, the first hard data on what will happen to real companies in Australia unless some modifications are made to the Rudd Government’s proposed Carbon Pollution Reduction Scheme.
In December 2008 the federal government released its white paper on emissions trading. Read the BCA President’s statement in response to the white paper and the emissions reduction targets in the white paper.
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A well-designed scheme will ensure Australia can manage its economic growth while contributing to a reduction in global emissions.
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The Australian Government’s emissions reduction target announcement sets in train a fundamental restructuring of the Australian economy.
Statement by BCA President Greig Gailey.