This submission to the AIIB's Energy Strategy Issues Note highlights the Business Council's policy that, to meet Australia’s 2030 target, we will need a suite of durable post-2020 climate change policies.
These policies should be integrated with broader energy policy and capable of delivering Australia’s emissions reduction targets, at lowest possible cost, while growing Australia’s future economy.
Any suite of policies must have three clear objectives:
- sustainable growth of the Australian economy
- reduction in the emissions intensity of the economy to enable Australia to meet future emissions targets, and
- unlock lower emission sources of comparative advantage.To meet Australia’s 2030 target we will need a suite of durable post-2020 climate change