Oct 13, 2008 - 12:07pm
Responding to calls for delay or soft starts, the independent Climate
Institute said today that the current global market turmoil reinforces
the need and urgency for strong leadership on climate reforms to ensure
governmental interventions encourage low carbon and sustainable economic
“The Prime Minister recently linked the current global
financial turmoil to ‘the triumph of the short term over long term,
sustainable growth’. Let’s not make that mistake again,” said John
Connor, Climate Institute CEO.
“We can’t go into this hoping to
patch together our twentieth century economy and ignore the risks and
opportunities of 21st century climate change.
“A strong start to
the carbon pollution reduction scheme, policies to boost energy
efficiency and encourage investment in renewable and other clean energy
sources can and should be a central part of the economic response.
business leaders have highlighted today, a delayed response to climate
change will heighten investment uncertainty and hamper multi-billion
investments in the clean energy economy of the 21st century.
risks of Climate Change have been clearly identified and we know to help
avoid future catastrophic impacts we need to reign in global carbon
pollution to levels that avoids a 2oC increase in global temperature.
needs to play its part by setting targets to reduce its carbon
pollution by at least 25 per cent off 1990 levels by 2020.
impacts of climate change are already being felt in parts of rural
Australia where they are still in the grip of the worst drought on
“Setting strong targets to reduce carbon pollution and
helping to drive a global deal to reduce emissions are actions we cannot
afford not to do.
“To ‘climate proof’ the Australian economy we
need to implement a strong carbon pollution reduction scheme, invest now
in clean energy and energy efficiency to open new economic and job
opportunities, and build a low-carbon economy.”