With just over two months left until negotiators and world leaders gather in Paris to negotiate the next global agreement to limit carbon pollution, The Climate Institute today released a report and video animation spelling out the implications of the Paris agreement for Australia and its economy.
“Australia is highly vulnerable to the impacts of climate change. More than 190 governments, Australia included, around the world recognise this, and have committed to limiting global warming to less than 2°C,” said John Connor, CEO of The Climate Institute.
“If successful, the Paris agreement will send a strong signal to businesses and investors in Australia that the global transition to a zero carbon economy is gaining momentum. We can’t risk being left behind.”
The booklet and video animation outline the role that international agreements play (an don’t) in sparking investment in zero carbon technologies and defines some the key benchmarks for successes in Paris. It also address some of the key challenges confront governments in forging an enduring, fair and effective agreement.
“While success in Paris isn’t guaranteed, there have been consistent signals throughout 2015 that show countries are willing to put in the necessary work. Australia can play a constructive role in making Paris a success.”
“The Turnbull government should be making clear it intends to grasp the opportunities in switching to a more modern, smart and clean economy. It should signal its willingness to support a process the strengthen targets through time towards the 2°C goal."
“Australia, and other countries, will need to do more if they are serious about their shared objective of avoiding 2°C warming above pre-industrial levels.”
Final post-2020 commitments will be made by all countries in 2016 or shortly after, if Paris successfully concludes with an agreement this December.
“With so many vulnerable and poor countries in our neighborhood, investments in a more resilient and prosperous region is in our interests. Australia can help by scaling up public climate finance investments," said Connor.
The Global Climate Leadership Review 2015 and an accompanying video animation - as well as factsheets, other reports, infographics and FAQs around the Paris climate negotiations and their aftermath can be found by clicking here.
Connor concluded: “If successful Paris will reinforce and accelerate the global shift to clean energy and other climate change solutions. Leading major businesses recognise this, as evidenced by yesterday’s statement from Australia’s biggest companies, which made it clear that avoiding global warming of 2°C above pre-industrial levels will deliver substantial benefits to our economy, business and communities.”
For more information
Kristina Stefanova | Communications Director, The Climate Institute | 02 8239 6299