Modelling Success: Designing an ETS that Works
This paper, Modelling Success: Designing an ETS that Works, incorporates research from Port Jackson Partners Limited (PJPL) examining the impacts of the proposed emissions trading scheme on 14 businesses across a range of sectors including minerals processing, manufacturing, oil refining, coal mining and sugar milling.
In releasing its Green Paper, the government has invited input into the final design of its Carbon Pollution Reduction Scheme (CPRS). The BCA fully supports adopting a comprehensive emissions trading scheme as the best way to reduce emissions, but getting the design detail right is critical.
The Green Paper puts Australia on a path to addressing climate change challenges through a partnership between business, government and the community. But the scheme must send the right signals to businesses.
The BCA agrees with the government that you must assist emissions-intensive, trade-exposed (EITE) businesses to avoid carbon leakage. The question is how to do that in a way which reduces global emissions without damaging the Australian economy.
Modelling Success provides the first hard data on what will happen to real companies in Australia unless some modifications are made to the current proposals.
Read the full news release and download Modelling Success here.