Energy and Climate Change
Our electricity and gas supplies are the cornerstone of Australia’s economy, powering our industries, our cities and our homes. The bulk of electricity and gas is used in Australian businesses to support our competitiveness and to create jobs and prosperity for Australians.
But substantial changes in our electricity and gas market and a lack of policy certainty has recently resulted in blackouts and higher electricity and gas prices for all customers. Our immediate focus must therefore be on restoring the security, reliability and affordability of our electricity and gas systems. However, we cannot ignore the need for a more sustainable system as we transition towards a lower emissions economy.
To achieve this, we need a clear and comprehensive policy framework to be put in place at a national level. Companies will only invest in new infrastructure in electricity and other key industries if they can see a stable policy framework, with minimal government intervention, that will endure whomever is in power.
The Business Council supports the development of an integrated, national and bipartisan energy and climate change policy framework that can deliver the following four key goals:
Secure and reliable energy supply
Affordable energy supply
Strong, internationally competitive economy
Meet current and future absolute emission reduction targets.
We must look economy-wide for the lowest cost sources of abatement, building on the existing regulatory frameworks while developing specific policies in key sectors. Australia must also avail itself of potentially lower-cost, credible international carbon abatement if we can.
To achieve our emissions reduction goals, Australia will need a suite of durable climate change policies that are integrated with broader energy policy and are capable of delivering Australia’s emission reduction targets, at lowest possible cost, while maintaining competitiveness and growing Australia’s future economy.
The Business Council’s secretariat contact for energy and climate change policy issues is Jessica Wilson.
Ministers Must Build on Energy Reform Momentum
24 November 2017
The chief executive of the Business Council of Australia Jennifer Westacott has urged political leaders to build on the progress made at the COAG Energy Council meeting in Hobart today.
Jennifer Westacott - Patricia Karvelas, RN Drive
19 October 2017
Topics: energy, company tax
New Energy Plan Offers Hope
17 October 2017
We urge everyone involved in this debate to pause, examine the detail, and then engage in good faith about how we can make this scheme work in practice.
Jennifer Westacott - PM Agenda
16 October 2017
Topics: energy, company tax
Jennifer Westacott - National Press Club
11 October 2017
Topics: education, energy, tax
Jennifer Westacott - RN Breakfast
11 October 2017
Topics: energy, company tax, education
Jennifer Westacott - 2GB
8 October 2017
Jennifer Westacott - RN Breakfast
21 September 2017
Topics: energy, marriage equality
We're interested in solutions – not personal invective
8 September 2017
This opinion article by Jennifer Westacott was published in The Australian Financial Review on 8 September 2017.
Submission on the Model Fuel Efficiency Standard
The Business Council has made a submissions that supports the introduction of a new fuel efficiency standard of 105gCO2/km by 2025 for all new light vehicles in Australia.
Business Council of Australia Board - Australian Financial Review Roundtable
26 July 2017
Topics: Budget, Business Regulation, Economy, Energy, Tax, and Wages.
Energy Ministers on the Right Track
14 July 2017
We are pleased that federal, state and territory energy ministers have reaffirmed their commitment to laying the groundwork for a secure, reliable, affordable and lower-emission energy supply for all Australians.
Finkel Report Our Best Chance to End Ideological Wars in Energy
9 June 2017
Australia hasn’t a moment to lose now that we have a comprehensive, independent blueprint to restore the security, reliability and affordability of our electricity system.
Statement on the Great Barrier Reef's value
26 June 2017
While most Australians would already appreciate the Great Barrier Reef as one of the seven natural wonders of the world, it is worth being reminded of the substantial contribution it makes to the economy, including by supporting 64,000 jobs.
Free the Private Sector to Fix the Power Problem
21 June 2017
This opinion article by Grant King was published by The Australian Financial Review on 21 June 2017.
Energy Policies Must Support New Investment
20 June 2017
Everyone wants to see more affordable electricity, but governments should be extremely cautious about intervening in markets at a time when businesses are not investing because of a lack of policy certainty, Jennifer Westacott says.
We All Have a Stake in Moving Forward with the Finkel Review
7 June 2017
Now is not the time for rash decisions or knee jerk reactions. The consequences of failure are too significant to allow this opportunity to pass.
Paris Agreement Remains In Australia's Interest
2 June 2017
The Australian Climate Roundtable welcomed continued bipartisan commitment to the Paris Agreement following US President Donald Trump's announcement today.
Submission to the Ministerial Forum on Vehicle Emissions
The Business Council supports the introduction of stricter CO2 emission standards for new light vehicles in Australia.
Statement on Australian Domestic Gas Security Mechanism
27 March 2017
The government has been forced to intervene to secure domestic gas supplies because many state governments have refused to support the development of new sources of gas, says Jennifer Westacott.
Time To Pull The Plug On Energy Culture War
12 April 2017
This essay by Jennifer Westacott was published in The Australian on 12 April 2017.
Australia Needs Clear, Stable Policy To Deliver Secure, Reliable, Affordable Power
16 March 2017
“Our energy system is the cornerstone of our economy, powering our industries, our cities and our homes. And so we must get our energy supply right. But at the moment we’re not,” chief executive Jennifer Westacott says.
No Room For Partisan Politics In Energy
13 February 2017
Joint Statement: There is simply no room for partisan politics when the reliability, affordability and sustainability of Australia’s energy system is at stake.
JOINT STATEMENT ON THE RENEWABLE ENERGY TARGET
1 February 2017
Joint Statement: The RET is the result of hard-won compromise, rather than anybody's perfect policy and should be left alone.
Submission To The New South Wales Climate Change Policy Framework
Reinforcing the importance of a coherent national climate change and energy policy framework.
Energy Reform Is Urgent To Avert Systemic Crises
13 December 2016
We join with groups for energy users and suppliers in support of reform to Australia's energy systems to ensure reliability and affordability as we decarbonise the economy.
Business Council Statement on 2017 Climate Change Review Terms of Reference
5 December 2016
The Business Council welcomes the release of a broad and comprehensive Terms of Reference for the 2017 Review of Climate Change Policies that will enable all relevant issues to be considered.
Asian Infrastructure Investment Bank's Energy Strategy
This is the Business Council's submission to the AIIB's Energy Strategy Issues Note.
Submission to the Queensland Renewable Energy Target Expert Panel
Reinforcing the importance of a coherent national climate change and energy policy framework.
Statement On The Closure of Hazelwood Power Station
3 November 2016
Our thoughts are with the employees of Hazelwood power station. Its closure is reflective of Australia's inevitable transition to a lower-emission electricity system.
Review of Limited Merits Review Regime
This is the Business Council’s submission to the COAG Energy Council on the review of the limited merits review framework in the National Electricity Law and the National Gas Law.
Business Council Welcomes Energy Independent Review
7 October 2016
With the increasing penetration of renewable energy the range of services required to balance the electricity systems are changing.
Submission in support of ratification of the Paris Agreement
The Business Council of Australia supports the Australian Government’s decision to ratify the Paris Agreement.
Joint Statement Energy Challenges Need Cooperation
7 October 2016
Organisations representing Australia’s energy industry and consumers of all sizes have united in calling for a cooperative and strategic response to Australia’s energy transition and challenges.
Victorian Renewable Energy Auction Scheme
This is the Business Council of Australia’s submission on the Victorian Renewable Energy Target (VRET).
Business Council Statement on Climate Change Authority Report
1 September 2016
The Business Council welcomes the Climate Change Authority’s report on the actions Australia could take to deliver our commitments in the Paris Agreement as an important contribution to the climate change policy debate.
Victorian Gas Ban Will Hit Businesses and Consumers
30 August 2016
The Government’s decision to ban exploration and development of all onshore unconventional gas in Victoria will be a dead weight on economic growth and energy security in that state, while making the clean energy transition riskier and more expensive.
Business Council Statement on Ausgrid Transaction Process
11 August 2016
The Business Council of Australia respects the preliminary decision by the Federal Government to block the lease of New South Wales electricity provider Ausgrid, following advice on national security issues from the Foreign Investment Review Board.
BCA Statement on Victoria’s Renewables Targets
15 June 2016
Victoria’s latest announcement of renewable targets represents an unwelcome return to competing state climate change policies that risk driving up the cost of emissions reduction and threaten the orderly transformation of the electricity sector.
BCA Statement on Federal Opposition Climate Action Plan
27 April 2016
The Federal Opposition’s climate change action plan, released today, could provide a platform for bipartisanship to deliver the energy and climate change policy durability needed to support the critical transformation to a lower emission future.
BCA Statement on the ACCC's Review of the East Cost Gas Market
22 April 2016
We welcome the Australian Competition and Consumer Commission’s (ACCC’s) report on the east coast gas market, but caution against changes to pipeline access regulation.
Submission on the Climate Change Authority (CCA) Special Review: Australia's Climate Policy Options
The Business Council’s submission broadly supported the CCA’s principles and approach but suggested a number of other factors that the CCA should note.
Submission on the Australia Labor Party: Consultation on an Emissions Reduction Target
The Business Council’s submission to this process did not support setting higher targets for 2030 at this point in time.
Vehicle Emissions Discussion Paper
The Business Council has made a submission to the Federal Government’s Ministerial Forum on Vehicle Emissions, offering in-principle support for further consideration of a range of measures that could reduce passenger vehicle emissions.
Submission to the Senate Inquiry on Unconventional Gas Mining
This submission to the Senate Inquiry into Unconventional Gas outlines our support for a stable, efficient and evidence-based regulatory environment for responsible gas development.
Submission to Nuclear Fuel Cycle Royal Commission
This submission emphasises the potential contribution that expanding Australia’s involvement in the nuclear fuel cycle could make to Australia’s economic growth.
Senate Inquiry into Carbon Risk Disclosure
The Business Council welcomes the Senate’s inquiry into the emerging issue of Carbon Risk Disclosure and notes that this is an area that will continue to develop over the medium to long term.
Australia Has Played its Part in Paris Climate Change Talks
13 December 2015
Australia has made a solid contribution at the Paris climate change talks.
Statement on the Opposition's Emissions Reduction Targets
27 November 2015
The BCA welcomes the opportunity for consultation on the Opposition’s preferred emissions reduction target
Statement on Radioactive Waste Management
13 November 2015
Australians benefit from the nuclear industry. We must also take responsibility for safely storing the waste products.
Developing a New Climate Change Strategy for South Australia
Australia needs a suite of national, integrated energy and climate change policies to deliver our 2030 target.
Submission to Draft 'National Greenhouse and Energy Reporting Rule 2015'
This submission outlines the BCA's recommendations to the government following their intentions for the Emissions Reductions Fund and safeguard mechanism.
Statement on post-2020 Emissions Reduction Target
11 August 2015
Achieving the post-2020 emissions reduction target will be a challenge for all Australians, including business.
Submission to the Review of the Victorian Climate Change Act 2010
This review should adopt a best practice approach to reviewing regulations and programs.
Submission to ACCC East Coast Gas Inquiry
Australia's gas markets are critically important to the prosperity of our economy and community.
Australian Climate Roundtable: Joint Opinion Article
29 June 2015
Broad and durable support is required to effectively tackle climate change.
Broad Alliance Points to Common Ground on Climate Policy
29 June 2015
The Australian Climate Roundtable has come together to put the climate policy debate on common ground and offer a way forward.
Statement on the Passage of the Renewable Energy Target
24 June 2015
The passage of the RET amendment legislation will restore confidence in investment in renewable energy.
Statement on NSW Electricity Privatisation
4 June 2015
The NSW Government has set a great example for other states on the privatisation of energy assets.
Submission on Governance Arrangements for Australian Energy Markets
Energy markets have become more competitive over time but remain highly regulated.
Business Calls for a RET Compromise
4 May 2015
Peak business groups have called on the Federal Government and Opposition to resolve the current RET impasse, and provide much needed certainty to industry.
National Press Club Address by Catherine Livingstone: Q&A Transcript
29 April 2015
A transcript of the Q & A section of Business Council of Australia President Catherine Livingstone’s National Press Club Address on 29 April 2015.
Post-2020 Target Needs to Strike the Right Balance
30 April 2015
It is critical in setting a post-2020 target that there is an understanding of the level of structural adjustment that will be required and its impact.
Response to Setting Australia's post-2020 target for greenhouse gas emissions
In the international negotiations to finalise a post-2020 target for greenhouse gas emissions Australia will need to strike the right balance.
Response to the Emissions Reduction Fund Safeguard Mechanism Paper
This submission considers elements of the government’s planned approach to the rules in relation to the safeguard mechanism and recommends further changes.
Response to Working towards a National Clean Air Agreement Discussion Paper
The Business Council supports a nationally coordinated approach to ensuring air quality.
Increasing Gas Supply Still the Best Path to Lower Prices
15 April 2015
New sources of gas will allow consumers and businesses to save on their gas bills.
Time For Action on Energy Reform
8 April 2015
Today’s Energy White Paper should spur governments across Australia to reform a critical sector of the Australian economy.
BCA Welcomes the Opposition's RET Position
8 April 2015
The Opposition has taken a sensible step today in moving towards a workable compromise on the Renewable Energy Target.
BCA Statement: RET Uncertainty Must Be Urgently Resolved
26 March 2015
The government and Labor need to urgently resolve the impasse on the RET.
Benefits of Privatisation: Article by Jennifer Westacott
20 February 2015
The people of NSW are set to gain substantially from the government’s plans to privatise its energy assets and reinvest the proceeds in new infrastructure.
Privatisation of Electricity Networks: Article by Jennifer Westacott
8 December 2014
Australian Energy Regulator Shows Privatisation Is a Win for Consumers
27 November 2014
The benchmarking data shows privatised electricity networks are far more efficient and deliver lower prices to consumers.
The RET is Broken and Needs to be Fixed
12 November 2014
It is disappointing a bipartisan deal on the RET could not be reached. Ultimately households, business and the renewable industry will pay a price.
Australia’s Energy Advantages: Article by Jennifer Westacott
11 November 2014
Edited extract of Business Council of Australia CEO Jennifer Westacott’s speech at the launch of the BCA report, Australia’s Energy Advantages.
Australia’s Energy Advantages: Priority Energy Reforms
Australia Needs a New Wave of Energy Reform
10 November 2014
Australia’s Energy Advantages sets out a vision and practical action agenda for energy policy in Australia.
Australia’s Energy Advantages
A set of 27 practical actions to ensure Australia’s comparative advantage in energy.
Australia’s Energy Advantages: Speech by Jennifer Westacott
10 November 2014
Australia’s energy policy needs a vision that aligns energy and climate change policy, and maximises our comparative advantage.
Statement on Emissions Reduction Fund Amendments
29 October 2014
There are a number positives in the proposed amendments to the Emissions Reduction Fund.
Business Welcomes Opportunity to Consult on Carbon Policy
7 October 2014
The BCA welcomes the opportunity to consult on a workable policy to reduce Australia’s greenhouse gas emissions at lowest cost to the economy.
Energy Green Paper First Step in Becoming a Superpower
23 September 2014
Green paper provides a welcome opportunity to consult on how to achieve Australia’s potential as a global energy superpower.
Middle Ground Needed on the Renewable Energy Target: Article in the AFR
8 September 2014
The best outcome for the community, business and the renewable energy industry is a form of a true 20 per cent RET.
Statement on the Repeal of the Minerals Resource Rent Tax
2 September 2014
Repealing the MRRT will help improve Australia’s reputation as an attractive investment destination and ensure a strong, growing resources industry.
Assessing the Impact of the Renewable Energy Target
Deloitte modelling shows the RET penalises electricity consumers by underwriting renewable generation – a gross ‘wealth transfer’ of $17 billion to 2030.
Renewable Energy Target Needs to be Amended
24 July 2014
Joint statement from Kate Carnell, CEO, ACCI; Jennifer Westacott, CEO, BCA; and Brendan Pearson, CEO, MCA.
Business Groups Welcome Carbon Tax Repeal
17 July 2014
Three business groups welcome the repeal of the carbon tax as the first step to an emissions reduction policy that works for the economy and environment.
Submission on the Australian Renewable Energy Agency (Repeal) Bill 2014
Business Council of Australia Submission to the Senate Economics Legislation Committee on the Australian Renewable Energy Agency (Repeal) Bill 2014.
Repeal Carbon Tax to Reclaim Our Lost Advantage in Energy
12 July 2014
In an article in The Australian, BCA CEO Jennifer Westacott calls for bipartisanship on the critical principles for energy and climate change policy.
Impact of Green Energy Policies on Electricity Prices
Green energy policies now account for a total of 40 per cent of the electricity bill of a large business that does not receive government assistance.
Parliament Must No Longer Delay in Cutting Carbon Tax Cost
10 July 2014
Repealing the carbon tax must be the first step in reducing electricity prices and developing a coherent, integrated national energy and climate policy.
Time for Senate to Repeal the Carbon Tax
26 June 2014
Three of Australia’s leading business groups call on the Senate to repeal the carbon tax as soon as possible.
Senate Should Act Now to Repeal the Carbon Tax
23 June 2014
The first step in the Parliament agreeing on Australia’s long-term approach to reducing emissions has to be repealing the carbon tax.
Submission to the Expert Panel on the Renewable Energy Target Review
13 June 2014
The BCA supports amending the RET to a true 20 per cent by 2020 target and not extending the target once all obligations have been met in 2030.
Submission on the Carbon Credits (Carbon Farming Initiative) Amendment Bill
The BCA responds to draft legislation to give effect to the proposed ERF through amendments to the carbon farming initiative legislation.
Submission to the Inquiry into Streamlining Environmental Regulation
Submission to the House of Representatives Environment Committee Inquiry into Streamlining Environmental Regulation, ‘Green Tape’, and One-Stop-Shops.
Statement on the Emissions Reduction Fund White Paper
24 April 2014
Getting the design of Australia's emissions reduction policy right is vital in underpinning the competitiveness of the economy.
Submission to the Senate Inquiry into Environmental Offsets
Environmental offsets provide businesses with a mechanism to facilitate economic development in an environmentally responsible manner.
Senate Should Repeal Mining Tax
18 March 2014
BCA, ACCI and Minerals Council of Australia joint statement calling on the Senate to vote this week to repeal the Minerals Resource Rent Tax.
Senate Should Support Carbon Tax Repeal
5 March 2014
BCA, ACCI, AiG and Minerals Council of Australia joint statement calling on the Senate to repeal the carbon tax as soon as possible.
Energy Can Be One of Our Great Advantages: Article in The Australian
27 February 2014
Australia’s energy and climate change policy settings need to be reorientated to drive economic growth while reducing emissions at least cost.
Submission on the Emissions Reduction Fund Green Paper
Australia should reduce its greenhouse gas emissions in the context of a national energy policy, in line with global efforts.
Submission on the Energy White Paper Issues Paper
Energy policy must maximise competitive advantage via efficient markets and drive growth in exports, while managing emissions in line with global efforts.
Submission regarding the Draft Queensland Assessment Bilateral Agreement
Business Council of Australia Submission to the Department of the Environment regarding the Draft Queensland Assessment Bilateral Agreement.
Submission on Reducing Australia’s Greenhouse Gas Emissions Draft Report
BCA Submission to the Climate Change Authority on the Reducing Australia's Greenhouse Gas Emissions: Targets and Progress Review Draft Report.
Lost Opportunity for Victoria’s Gas Development
21 November 2013
Victorian Government decision to not lift restrictions on the development of a diversified onshore gas industry in Victoria are disappointing, BCA CEO says.
Carbon Tax Repeal: Article by Jennifer Westacott in the AFR
19 November 2013
Australia's carbon tax is one of the highest in the world and makes our important industries less competitive every day it stays in place.
Submission regarding the Emissions Reduction Fund Terms of Reference
Policy design and governance arrangements to be considered in the development of Direct Action and the Emissions Reduction Fund.
Industry Groups United: Carbon Tax Must Go
13 November 2013
ACCI, AiG, the BCA and the MCA have called on the parliament to support the repeal of the carbon tax.
Submission to the Department of the Environment on the Carbon Tax Repeal
The Business Council of Australia supports the wind-up of the current carbon pricing mechanism, given it places excessive costs on business and households.
Repeal of Mining Tax Should Be Supported
24 October 2013
The parliament should accept the strong mandate the community has given to the government to abolish the mining tax, BCA CEO Jennifer Westacott says.
Action Plan for Enduring Prosperity: Sixth Column in The Australian
12 October 2013
Jennifer Westacott writes about the need for a national energy policy framework as part of a series on the BCA Action Plan for Enduring Prosperity.
Speech by Tony Shepherd to the New South Wales Energy Security Summit
26 September 2013
Increasing gas supplies will take political courage and practical resolve and cooperation by governments, gas users and suppliers.
Action Plan for Enduring Prosperity: A Coherent and Comprehensive Energy Policy
The chapter of the Business Council of Australia economic action plan that focuses on the need for a coherent and comprehensive energy policy.
Submission regarding the Significant Impact Guidelines for Coal Seam Gas and Large Coal Mining Developments – Impacts on Water Resources
The guidelines will make water resources a matter of national environmental significance in relation to coal seam gas and large coal mining developments.
Action Plan for Enduring Prosperity: Recommendations Report
Ninety-three mutually interdependent recommendations to restore Australia’s competitiveness and lift productivity.
Action Plan for Enduring Prosperity: Summary Report
A prosperous future for all Australians will depend on maintaining strong economic growth and policies that support businesses to do well.
Action Plan for Enduring Prosperity: Read the Plan and Give Your Feedback
Read the plan and give us your ideas on how Australia can progress important things that need to be done.
Submission to the International Integrated Reporting Council regarding the Consultation Draft of the International Integrated Reporting Framework
Certainty and stability in the regulatory and standard setting environment are essential for business.
Statement on the Government’s Carbon Policy Announcement
16 July 2013
More needs to be done to address the high cost Australia is paying now to reduce its emissions.
Submission to the Climate Change Authority regarding the Caps and Targets Review Issues Paper
The conditions needed to trigger consideration of an increase have not been met.
Action Plan for Enduring Prosperity: First Column in The Australian
20 April 2013
First in a series of columns by Jennifer Westacott in The Australian discussing the Business Council of Australia’s Action Plan for Enduring Prosperity.
Browse Decision a Stark Warning to Act on High Costs
12 April 2013
Woodside Energy’s decision to shelve its proposed Browse LNG project in Western Australia is a stark warning of the cost pressures in the economy.
Submission to the Senate regarding the Environment Protection and Biodiversity Conservation Amendment Bill 2013
The EPBC Amendment Bill is fundamentally bad law born of a poor regulation-making process, because the problem it seeks to address has not been properly defined.
Cost of Electricity Still Higher than Needed Following Review
19 December 2012
Businesses and households will continue to pay more than they should for their electricity following the Climate Change Authority’s review of the Renewable Energy Target.
Submission to the House of Representatives Inquiry into Australia’s Oil Refining Industry
It is essential that governments do not undermine the competitiveness of domestic liquid fuel refining and supply through regulatory decisions and other imposts.
Competitiveness the Key to Australia’s Energy Future
8 November 2012
Lifting competitiveness and efficiency to put downward pressure on the cost of energy supplied to export markets and domestic consumers will be critical to the quality of our lifestyles and economic growth.
Submission to the Essential Services Commission of South Australia regarding the 2011–2014 Electricity Standing Contract Price Determination Wholesale Electricity Cost Investigation
There is no good reason for prices to continue to be regulated in South Australia.
Submission to the Climate Change Authority Review of the Renewable Energy Target
How can the costs of the Renewable Energy Target policy be minimised?
Submission to the Senate Select Committee on Electricity Prices
Electricity prices should reflect the efficient costs of providing electricity to end-users.
Submission regarding the Draft Clean Energy Legislation Amendment (International Emissions Trading and Other Measures) Bill 2012 and Related Bills
No restrictions should be placed on businesses’ use of international permits to meet their full liabilities under the Clean Energy Act.
Australia’s High Fixed Carbon Price the Elephant in the Room
28 August 2012
Linking our emissions trading system to the European Union’s scheme does not address the fact that Australian businesses still face the world’s highest carbon price until 2015.
Submission to the Tasmanian Climate Change Office Responding to Part Two of the Review of the Climate Change (State Action) Act 2008
In pursuing the objective of emissions reduction, a key assessment of any proposal is whether it enables emissions reduction at least cost to the economy.
Energy Policy Reforms Need to Have a Market Focus
7 August 2012
Reforms to drive productivity improvements across energy sectors and the economy are welcomed.
Submission to the Department of Resources, Energy and Tourism regarding the Draft Energy White Paper
Sound, long-term energy policies and planning are essential.
Submission regarding the Tasks of the Productivity Commission in Carbon Policy Assistance Reviews
Addresses the role of the Productivity Commission in relation to the Jobs and Competitiveness Package.
Submission to the Department of Climate Change and Energy Efficiency regarding the Price Floor for Australia’s Carbon Pricing Mechanism
Calls for further consultation on two of the options presented before a final decision is made.
White Paper a Solid Foundation for Future Energy Policy
13 December 2011
The draft Energy White Paper released by the government today provides a solid foundation for ensuring secure, affordable and sustainable energy in the long term.
Conclusion of the Durban Climate Change Negotiations
12 December 2011
The success or otherwise of the Durban climate change negotiations will not be clear until all major emitters have taken on binding commitments to reduce global emissions.
Statement by BCA Chief Executive Jennifer Westacott on the Passage of the Clean Energy Future Package Legislation
8 November 2011
The legislation passed by parliament today has the potential to significantly increase risks to Australia’s economic growth and competitiveness.
Joint Letter to Federal Members of Parliament Regarding the Need for Safeguards to be Included in the Clean Energy Future Legislation
14 October 2011
Without additional safeguards, the Clean Energy Future legislation will create risks to Australia’s competitiveness, making it a flawed approach to putting a price on greenhouse gas emissions.
Statement by BCA Chief Executive Jennifer Westacott
11 October 2011
The Clean Energy Future legislation without the safeguards proposed by the Business Council of Australia is neither workable nor responsible and is a flawed approach to pricing greenhouse gas emissions.
Submission to the Joint Select Committee Inquiry into Australia’s Clean Energy Future
Why the clean energy future package lacks essential and responsible safeguards
Business Council of Australia Calls for Proper Process to Deliberate the Clean Energy Future Legislation
13 September 2011
A call for the federal parliament to review the risks associated with the government’s Clean Energy Future legislation.
World Business Council for Sustainable Development-BCA Forum Presentations
31 August 2011
Presentations to the joint World Business Council for Sustainable Development-BCA forum on the topic of ‘The Sustainability Challenge: Business Creativity in Practice’.
Business Creatively Meeting the Sustainability Challenge
31 August 2011
The sustainability agenda is a vital agenda for all Australian businesses.
Submission on the Clean Energy Legislative Package
Calls for additional safeguards to help address the risks associated with global and domestic economic cycles and the limited progress in international negotiations.
Carbon Price Package Raises Risks and Costs of Reducing Emissions
10 July 2011
The BCA will carefully examine the details of the federal government’s proposed carbon pricing package to fully consider its potential impacts and risks to the Australian economy.
Carbon Decision Must Focus on National Interest
8 July 2011
How will the parliament manage its biggest test since the past election?
Submission to the Australian Energy Market Commission on Strategic Priorities for Energy Market Development
A continuing focus on an efficient and effective energy market is needed to meet the substantial investment task ahead.
Global Emission Cuts Should Be Policy Focus
9 June 2011
Much of the current debate is focused on putting a price on greenhouse gas emissions at any cost and within an artificially short timeframe.
Submission to the Government on Carbon Pricing Policy
The Carbon Pollution Reduction Scheme in its final form at the end of 2009 is not an appropriate scheme to come into operation in 2012.
Response to the Prime Minister regarding the BCA’s Climate Change Policies
20 April 2011
A letter from BCA President Graham Bradley in response to correspondence from the Prime Minister that sought clarification of the BCA’s climate change policies.
Letter to the Prime Minister regarding Current Negotiations on the Proposed Carbon Price
18 April 2011
Records the issues the BCA wants to see addressed in the government’s consultation process to determine the details for putting a price on greenhouse gas emissions.
AIGN–BCA Carbon Pricing Forum
23 March 2011
Industry forum canvasses the issues influencing the implementation of a carbon price in Australia.
Skills Response Will Help Meet Economic Needs
15 March 2011
The federal government’s response to the Resourcing the Future report will make an important contribution to meeting future workforce requirements of the resources and energy sector.
Submission regarding the Government Response to the Report of the Prime Minister’s Task Group on Energy Efficiency
At this stage, a compelling case for the need for an energy efficiency obligation has not been made.
Statement by BCA Acting Chief Executive Maria Tarrant
24 February 2011
Response to the federal government’s proposed climate change framework as announced today.
Letter to the Minister for Climate Change and Water regarding the BCA Energy Efficiency Policy Principles
10 February 2011
Principles the BCA judges are important in energy efficiency policy design and development.
NSW Power Play Defies Logic
2 December 2010
The troubled New South Wales electricity privatisation process is lurching to a conclusion that promises to be a poor one for electricity users and for NSW taxpayers, writes Graham Bradley in The Australian Financial Review.
Submission to the Premier of Victoria regarding the Climate Change Bill 2010
There are substantial new proposals introduced in the Bill that have not been previously consulted on, and the possible impacts on business and the community have not been fully assessed.
Useful Steps Towards Emissions Reduction
23 July 2010
Elements of the climate change and energy efficiency policies announced by the Prime Minister today are useful, when assessed against the BCA’s policy benchmarks.
Release of the Opposition’s Climate Change Policy
3 February 2010
The BCA has responded to the release of the federal Opposition’s climate change policy.
BCA Remains Committed to Working with Both Sides of Politics
3 December 2009
The best way for Australia to transition to a low-emissions economy is through a market-based emissions trading scheme.
BCA Welcomes Bipartisan Support
24 November 2009
The introduction of the Carbon Pollution Reduction Scheme in Australia is of such fundamental importance and long-term consequences that it requires bipartisan support.
Submission on the Exposure Draft Regulations to Establish the Emissions Intensive, Trade-Exposed Assistance Program 2009
This submission addresses a number of matters related to the draft regulations for the emissions-intensive, trade-exposed (EITE) industries elements of the Carbon Pollution Reduction Scheme.
Bipartisanship Essential for Emissions Trading Certainty
16 October 2009
The importance of getting the details of the Carbon Pollution Reduction Scheme right cannot be overstated.
Political Uncertainty on Emissions Will Cost Jobs and Investment
16 October 2009
Bipartisanship is the key to addressing two key areas of uncertainty relating to Australia’s Carbon Pollution Reduction Scheme, writes Katie Lahey.
Representations on the Carbon Pollution Reduction Scheme
15 September 2009
Letters to the government, the Opposition and two independent senators calling for amendments to the compensation for emissions-intensive, trade-exposed industries in the Carbon Pollution Reduction Scheme.
Statement on the Release of the Frontier Economics Report on the CPRS
11 August 2009
A 10 per cent unconditional reduction of carbon emissions by 2020, as modelled by Frontier Economics, would impose high costs on the Australian economy.
Submission to the Department of Resources, Energy and Tourism on the Energy White Paper
The energy white paper is a perfectly timed opportunity to ensure that Australia’s energy policies support the growth of the economy in the period to 2030 and beyond.
The Planet Needs Both Sides
22 June 2009
The emissions trading scheme must not come at the cost of competitiveness, writes Greig Gailey in the Herald Sun.
Australia Needs the Right Emissions Trading Scheme
26 May 2009
If Australia is to achieve the targets that it has set itself, business will need to make significant new investments. It needs an ETS that both gets the detail right and continues over the longer term.
Reject Devilish Detail in Carbon Laws
21 May 2009
Legislation should not be approved until the scheme’s design is resolved, argues Greig Gailey in The Australian.
Keep Politics Out of Emissions Solution
5 May 2009
The government and Opposition must work together to find the best solution to climate change, writes Greig Gailey in The Australian Financial Review.
Changes to the Proposed Carbon Pollution Reduction Scheme
4 May 2009
Given Australia’s current economic circumstances, the BCA welcomes and supports the government’s responsible decision to delay the commencement of the CPRS by one year to 1 July 2011.
National Framework Needed on Energy Efficiency
1 May 2009
The implementation of energy efficiency measures without a consistent national framework in place will not deliver greenhouse gas emissions reductions at least cost.
COAG Steps Forward But Must Improve to Avoid Stumbling
1 May 2009
Some positive steps were taken at yesterday’s COAG meeting but a risk remains that the pace of key national reforms is slowing, BCA Chief Executive Katie Lahey said.
Submission to the Senate Select Committee on Climate Change Policy on the proposed Carbon Pollution Reduction Scheme
The risks are substantial both if we take no action on
global warming, and if we take the wrong action.
Submission on the Exposure Draft of the Legislation to Implement the Carbon Pollution Reduction Scheme
Legislation for an emissions trading scheme and its implementation will require a tailored approach aligned to global and national economic conditions and designed to ensure Australia’s industry and employment opportunities are not adversely impacted.
Energy Efficiency One Part of the Bigger Climate Issue
19 March 2009
The BCA and its members have strongly endorsed the development of an emissions trading scheme as part of a multifaceted response to climate change.
Submission to the Department of Climate Change on the Renewable Energy Target and Treatment of Electricity-Intensive, Trade-Exposed Industries
The government should reconsider whether there are other, more appropriate policy tools to bring forward both renewable and low-emissions technologies without undermining the Carbon Pollution Reduction Scheme.
Submission to the Centre for International Economics Review of the Carbon Pollution Reduction Scheme White Paper
The drafting of legislation and the development of an implementation framework for the Carbon Pollution Reduction Scheme is occurring at a time of a sudden and severe downturn in the global economy.
Speech by BCA President Greig Gailey to the Australian Workers Union National Conference
3 February 2009
What policies are needed to support economic revival and resilience in the face of the global economic slowdown?
President’s Statement on the Announcement of the 2020 Emissions Reduction Target
16 December 2008
The Australian Government’s emissions reduction target announcement sets in train a fundamental restructuring of the Australian economy.
Statement by BCA President Greig Gailey on EITE Elements of the Federal Government’s White Paper
15 December 2008
The BCA welcomes the extensive consultations undertaken by government in refining the proposals in its green paper to address the impact of the CPRS on emissions-intensive, trade-exposed (EITE) industries in the absence of a global response.
Statement on Treasury Climate Change Mitigation Modelling
30 October 2008
The BCA has not yet had time to examine the report in detail, but its initial assessment notes the modelling, like the BCA’s previous work, confirms that a global agreement is essential to achieving affordable climate change mitigation in Australia.
Driving Business Offshore Is No Carbon Solution
11 October 2008
Establishing a scheme that simply shifts emissions elsewhere benefits neither the environment nor the economy, Katie Lahey writes in The Australian.
Submission on the Carbon Pollution Reduction Scheme Green Paper
Australia should take a long-term and risk management approach to climate change policy which incorporates both mitigation and adaptation elements, is calibrated to
international responses and builds on our skills, resources and regional location.
Garnaut Accepts Global Climate Solution is the Key
5 September 2008
The BCA welcomes the release of Professor Ross Garnaut’s latest report, Targets and Trajectories, for its acknowledgement that Australia cannot reduce global carbon emissions on its own.
The Great Climate Change Challenge: Speech by BCA President Greig Gailey to the Sydney Institute
27 August 2008
We need a frank discussion of how to deal with and minimise the real costs which an emissions scheme will impose on the economy.
Modelling Success: Designing an ETS that Works
What will happen to real companies in Australia unless some modifications are made to the proposed Carbon Pollution Reduction Scheme?
New Research Shows a Way Forward on Emissions Trading
21 August 2008
The first hard data examining the impacts of the proposed Australian emissions trading scheme on 14 businesses across a range of sectors.
Devil in the Detail of Climate Plan
19 July 2008
We should be under no illusion about the size of the task or that there is a quick fix to reducing Australia's greenhouse emissions, writes Greig Gailey in The Sydney Morning Herald.
Devil in Detail of Getting ETS Right
17 July 2008
The economic realities should not be forgotten in an emissions trading scheme, writes Greig Gailey in The Age.
Green Light to Green Paper but Devil Remains in the Detail
16 July 2008
The federal government’s emissions trading green paper is the important starting point for discussions about Australia’s contribution a lower-emissions future, BCA President Greig Gailey said.
Respond to Carbon with Care
10 July 2008
An emissions trading scheme must not weaken the economy, Greig Gailey writes in The Australian.
Australia’s Emissions Trading Scheme: Speech by BCA President Greig Gailey to CEDA
3 July 2008
Why the introduction of a national emissions trading scheme is the single most important policy decision the Rudd Government will make before the next election.
Growth Key to Emissions Plan
3 July 2008
Business will provide the base for the successful move to a low-emissions economy, argues Greig Gailey in The Age.
Submission on the Design Options for the Expanded National Renewable Energy Target Scheme
While the federal government’s renewable energy target may stimulate the development of renewable energy sources, it is unclear whether this will be done in the most economically efficient manner, and bias the options for renewable energy expansion.
Submission to the Strategic Review of Climate Change Programs
There is a renewed focus on national and international responses to climate change and in particular, the design of a national emissions trading scheme.
Submission to the Garnaut Climate Change Review on Emissions Trading Scheme Design Principles
Climate change policy must not disadvantage Australia’s competiveness and must ensure a smooth, long-term transition to a low-emissions economy in line with global action.
BCA Welcomes New South Wales Government Energy Strategy
11 December 2007
Statement by BCA Policy Director Maria Tarrant on an announcement this week by the New South Wales Government regarding electricity privatisation.
Kyoto Protocol: Letter to the Editor
30 October 2007
Text of a letter from Michael Chaney to the editor of The Australian, published on 27 October 2007.
Be Prepared for Emissions Trading
12 October 2007
Business cannot afford to sit back and wait for the scheme to start, writes Katie Lahey in The Age.
Statement by Katie Lahey, BCA Chief Executive, on the report of the Owen Inquiry into Electricity Supply in New South Wales
12 September 2007
The BCA strongly backs the Owen Inquiry’s key recommendation for the New South Wales Government to divest itself from ownership of the state’s retail and generation sectors.
Submission to the Owen Inquiry into Electricity Supply in New South Wales
This submission argues that there is an urgent need for Australia to re-establish forward-looking, coherent strategic directions for national energy market development.
Willingness Needed to Establish Emissions Trading Scheme
7 June 2007
Governments and businesses must work together to establish a national emissions trading scheme, Katie Lahey writes.
Warming to a Vital Task
7 June 2007
A market-based, national emissions trading scheme is key to Australia’s effort to reduce greenhouse gases over the long term, Katie Lahey writes in The Courier-Mail.
Good Start on Greenhouse Plan
4 June 2007
Emissions trading is now a business reality, Rod Sims writes in The Australian Financial Review.
BCA Welcomes Greater Certainty on Climate Change
3 June 2007
The BCA has welcomed the Prime Minister’s announcement that the federal government will move ahead with key elements to reduce emissions outlined in last week’s report of the Task Group on Emissions Trading.
Setting Achievable Emissions Targets for Australia
30 May 2007
Australia needs a multifaceted approach to emissions reduction.
Take it a Step at a Time to Hit Emissions Reduction Targets
30 May 2007
The Business Council of Australia has proposed a three-tiered system of greenhouse gas emissions targets to make sure action to respond to climate change is credible and achievable while maintaining Australia’s competitive advantage.
Five-Pronged Approach to Climate Change Challenge
11 May 2007
Australia has to protect its economy in the transition to a low-emissions world, writes Rod Pearse.
Strategic Framework for Emissions Reduction
24 April 2007
The Business Council of Australia has agreed on a policy position to tackle climate change involving sustainable emissions reduction strategies while protecting Australia’s economic base.
Business Council Settles Climate Change Policy
3 April 2007
The BCA has agreed on a policy position to tackle climate change involving sustainable emissions reduction strategies while protecting Australia’s economic base.
Climate Solutions Must Be Genuinely Global
24 March 2007
Australia’s economy needs to be strong in a changing world, op-ed outlines.
Submission to the Prime Ministerial Task Group on Emissions Trading
This submission outlines a series of principles around a ‘cap-and-trade’ scheme to tackle greenhouse emissions as part of a framework to help provide the foundation for an integrated global solution to emissions reduction.
Market Mechanisms the Basis for a Global Solution to Climate Change Says BCA Submission
13 March 2007
The Business Council has outlined a series of principles around a ‘cap-and-trade’ scheme to tackle greenhouse emissions as part of a framework which it believes can provide the foundation for an integrated global solution to emissions reduction.
More Urgency Needed to Fix Energy Bottlenecks Says BCA Submission
2 October 2006
Australia’s major companies have called for a number of major shortfalls in the nation’s electricity network to be addressed in a submission by the Business Council to the Council of Australian Governments’ new national energy reform group.
Submission to the COAG Energy Reform Implementation Group
Australia’s major companies have called for a number of major shortfalls in the nation’s electricity network to be addressed in a BCA submission to COAG's new national energy reform group.
Balance Solves Energy Equation
22 June 2004
The federal government needs to pay attention to demand as well as supply in its energy policy, Hugh Morgan writes in an op-ed in The Australian Financial Review.
BCA Welcomes National Energy Plan
15 June 2004
The BCA welcomed today’s energy policy announced by the federal government, saying it believed it would go a long way towards delivering long-term energy security and competitive energy costs for Australia.
28 February 2003
The Business Council of Australia said today that its members had been unable to reach a common position on the Kyoto Protocol.
Business Council of Australia Supports Release of Energy Issues paper
15 March 2002
The articulation of a vision for a national energy market and suitable milestones is critically important.
Launch of Business Council of Australia Statement on Strategies for Sustainable Development
31 May 2001
Speech by BCA President Dr John Schubert at the launch of the BCA Statement on Strategies for Sustainable Development
BCA Supports Energy Policy Review
4 March 2001
The Executive Director of the Business Council of Australia, Mr David Buckingham, supported Senator Minchin’s call to re-energise energy market reform.
Urgent Review of Energy Reforms Needed: BCA
21 August 2000
The Business Council of Australia today called for an urgent review of the nation’s energy reform agenda.
Implications of the International Sustainable Development Agenda for Australian Companies
19 July 2000
Speech by Hugh Morgan at the ‘Future Directions for Business and the Environment’ BCA–WBCSD Forum.
Keep the Finger Off the Greenhouse Trigger: BCA
24 May 2000
The Business Council of Australia today called on the federal government to develop a framework for a mature and productive debate about the establishment of a greenhouse trigger and other greenhouse measures.
Strategic Greenhouse Issues for Australia
5 May 2000
Speech by BCA Executive Director David Buckingham to the 2000 World Business Council for Sustainable Development–Business Council of Australia Forum.
Submission to the Department of Foreign Affairs and Trade on Options for the Kyoto Protocol Compliance System
All proposals for the compliance system need to ensure they are least cost, simple, equitable, facilitative and promote the achievement of the Kyoto Protocol’s reduction commitments.
BCA Releases Energy Report
10 April 2000
Mr Philip Weickhardt, Chairman of the Business Council of Australia’s Energy Reform Taskforce, today released a report that highlights some of the underlying weaknesses in Australia’s energy reforms.
Submissions to the Australian Greenhouse Office regarding the National Emissions Trading: Establishing the Boundaries Discussion Paper
1 January 2000
Four submission papers canvassing greenhouse policy, the implications of the Kyoto Protocol, the potential of carbon credits, and national emissions trading.
Energy Security Board National Energy Guarantee Draft Design Consultation Paper
The BCA supports the development of an integrated, national and bipartisan
energy and climate change policy framework.
National Energy Guarantee consultation paper
15 February 2018
The Business Council Australia welcomes the National Energy Guarantee consultation paper.
Climate change policy review provides practical plan for the future
19 December 2017
The Climate Change policy review released today outlines a sensible and practical plan to ensure Australia remains on track to meet its international emissions reductions targets.
AGL Investment Plan the Right Way Forward For NSW
9 December 2017
AGL’s plan to replace their ageing and unreliable Liddell coal-fired plant with a mix of renewables, gas and storage is the sort of innovation we will see under the National Energy Guarantee.
COAG Energy Council Must End Policy Paralysis
23 November 2017
The chief executive of the Business Council of Australia Jennifer Westacott is urging Australia’s political leaders to work together at Friday’s COAG Energy Council meeting to end the deadlock on climate and energy policy.
Submission to the 2017 Review of Climate Change Policies
The Review of Climate Change Policies must resolve a number of fundamental tensions if Australia is to restore its comparative advantage in energy.
Statement On The Clean Energy Finance Corporation
30 May 2017
Removing arbitrary restrictions on investments in potentially effective technologies like carbon capture and storage will allow market participants to determine the most effective technology to invest in.
Submission regarding the COAG Energy Market Review Draft Report
11 December 2002
BCA comments on the draft report titled Towards a Truly National and Efficient Energy Market.
Submission to the Senate Inquiry into Australia’s Response to Global Warming
21 March 2000
The appropriate action is to pursue policies that are both flexible and cost-effective in their own right and which also lay the foundations to achieve further emissions reduction.
Submission to the Australian Greenhouse Office regarding Greenhouse Sinks and the Kyoto Protocol
01 April 2000
Sinks are a critical part of a comprehensive approach to the greenhouse issue, and effective implementation of the sinks provisions in the Kyoto Protocol is an essential outcome of the continuing negotiations.
Submission on the Possible Application of a Greenhouse Trigger under the Environment Protection and Biodiversity Conservation Act 1999
29 February 2000
Submission calls for a balanced approach to protect Australian national interests and jobs are not sacrificed while we still take on our fair share of the world wide burden to reduce greenhouse emissions.
World Environment Day 2000
2 June 2000
Opening address by BCA President Campbell Anderson, at a lunch for Klaus Töpfer, Executive Director, United Nations Environment Programme.