Jul 03, 2007 - 10:00am
Australia’s carbon debt will continue to balloon unless the Prime
Minister moves forward with a more decisive response to climate change,
according to The Climate Institute.
“Without targets to reduce
emissions no climate change policy has credibility. The Australian
public, Australian investors and Australia’s environment all need a
target to ensure their future security and certainty.” John Connor,
Climate Institute Chief Executive, said today.
Minister’s response to his Emissions Trading Task Group is one of yet
further delay. Climate change is not waiting so why are we?”
we act decisively Australia will remain in the shadow of the 21st
century global clean energy economy worth $75 billion in 2005 and
expected to grow to over a $225 billion a year industry within a
“While the Prime Minister stressed economic issues in his
address today, the reality is thatAustralia’s economy is at much
greater long term risk if decisive action is not taken immediately.
Institute energy and economic modelling has shown that an early and
effective price signal on carbon matched with clean energy targets and
energy efficiency will ease the economic costs and limit the price
increases for consumers and industry.
“The measures outlined by
Prime Minister will not meet the targets that have been set by
Australia’s best scientists. CSIRO advised the Prime Minister’s Task
Group that countries like Australia must cut emissions by 60-90% by 2050
if dangerous climate change is to be avoided.
what is at stake here if the world follows this path of delay. We risk
locking into at least 3 degrees of warming which would devastate the
Barrier Reef, halve the flow of water in to the Murray and result in the
extra deaths of 3000 to 5000 Australians every year from heat stress.
“The Australian economy is on a collision course with climate change.
More droughts, water shortages, health impacts and loss of natural
assets and agricultural productivity will mean serious job losses and
serious economic impact.
“Without genuine measures to tackle
climate change now we will be bequeathing to our grand children a huge
carbon debt whose economic and environmental consequences will be
massive,” Mr Connor said.
“We urge the Prime Minister to act more
decisively, set clear targets for when our greenhouse pollution will
start to fall, ensure all new electricity generation is clean energy and
have Australia leading, not lagging, the world in cutting energy waste.