Dec 16, 2009 - 2:39pm
The Government must seek to
claw back some credibility from its economic mismanagement of our
national interest by revisiting the target range decision and urgently
implementing a comprehensive energy efficiency strategy and its
renewable energy commitments, The Climate Institute said today as it
released further analysis of the White Paper.
Government has opened an economic credibility deficit by identifying
450 ppm-e as in Australia’s national interest but falling short of the
25 per cent reduction target needed to achieve it, as part of a global
effort,” Climate Institute CEO John Connor said today.
a further act of economic irresponsibility, the Government increased –
from the level outlined in the July Green Paper - potential handouts in
2020 to polluters by 50 per cent, or $4.1 billion, while more than
halving the energy efficiency or “carbon productivity” requirements.
This is corporate welfare without the corporate cleanup.
$4.1 billion increase, means in 2020 polluters will receive 12.25
billion which dwarfs the $5.2 billion per year we estimated as the
public and private investments needed from 2009 to 2020 in energy
efficiency and clean energy infrastructure to help achieve a 25 per cent
carbon pollution target and drive jobs and investment in a low-carbon
of directly driving decisive investments in energy efficiency and
renewable energy, the White paper package is stalling that investment.
The deficiencies of the White Paper highlight the urgency of breaking
the deadlock and delay on the national strategy for energy efficiency
and the 20 per cent renewable energy target, Mr Connor said.
studies have shown that a comprehensive energy efficiency package would
generate up to 40,000 jobs, and save almost two dollars a day on
household energy. There are also major savings in the residential,
commercial and manufacturing sectors – possibly up to 73%, 70% and 46%,
respectively. The large scale roll out of energy efficiency in
households could save consumers between $313 and $700 per year.
still must improve the ambition of the top end of its 2020 carbon
pollution target range to 25% reductions if it is serious about the
national interest, but it should also take urgent action on energy
efficiency and renewable energy.
Further analysis of the White Paper shows that:
time we ended the economic mismanagement of our national interest and
for the Government to live up to its clear electoral mandate for
leadership on climate change with stronger targets and greater urgency
on energy efficiency and renewable energy.”
Potential polluter free permits and support, which effectively
transfers dollars from taxpayers to major polluters, amounts to $4.24 bn
in 2010, $8.61bn in 2015 and $12.25bn in 2020
For each taxpayer this amounts to about $214, $412 and $552 respectively – with few conditions or oversight
Government overinflates per capita effort under the 5 per cent target
by 10 per cent because even without the CPRS, Australia’s per capita
emissions would be 11% below 1990 levels by 2020.
repeatedly equating the per capita reductions between Europe’s 30 per
cent reductions and Australia’s potential 15 per cent reductions, the
Government neglects to state that this would still leave Australian
absolute per capita emissions at 2.5 times Europe’s in 2020 – 18.6
tonnes to Europe’s 7.3 tonnes of carbon pollution