Review of international offsets consultation paper

30 April 2022

The Business Council of Australia (BCA) welcomes the opportunity to respond to the Climate Change Authority’s Review of international offsets: consultation paper.
The BCA supports accelerated action to reduce Australia’s national emissions — this decade and beyond — in order to transition the Australian economy to net zero by 2050 in an orderly and economically prosperous way. Our recent report, Achieving a net zero economy, outlines a proposed policy architecture for achieving this.
Markets for offsets have a critical supporting role to play within a holistic climate policy approach to reducing emissions effectively, efficiently and equitably. Businesses face incentives from a range of policy measures — including the Safeguard Mechanism and Technology Investment Roadmap — to reduce their own direct and indirect emissions overtime, which ultimately is necessary to achieving a net zero economy.
The development of a robust, transparent and liquid global market for carbon offsets supports businesses as they seek to reduce their own emissions overtime.

You can read the full submission here.

Share

Latest news


Submissions

Submissions

Submissions