The Business Council of Australia has lodged a submission to the Climate Change Authority regarding the Caps and Targets Review Issues Paper.
The submission states that Australia should maintain its current commitment to net emissions of -5% of 2000 levels by 2020, as the conditions needed to trigger consideration of an increase to this commitment have not been met.
The BCA argues that the Climate Change Authority’s review should:
assess what countries are actually doing to reduce their emissions and consider the impacts of these policies on businesses in those countries
consider a range of less ambitious international action scenarios that only require Australia to carry our fair share of the international burden
concentrate on defining potential global emission budgets and Australia’s comparable burden under those budgets
leave the issue of future policies and measures for a subsequent review.