Sep 03, 2013 - 9:51am
The Coalition will need substantial extra regulation or a rethink on repealing the carbon laws if it is offering no extra dollars and sticking to its 2020 carbon reduction pledge of 5 to 25 per cent emission reductions, said The Climate Institute.
“Yesterday the Coalition made it clear that it will be offering no extra funds for its climate policy, while on the same day Climate Shadow Minister Greg Hunt re-affirmed commitment to the bipartisan 2020 emissions reduction target range of 5 to 25 per cent off 2000 levels, dependent on global action,” said John Connor, CEO The Climate Institute.
“This is a welcome restatement of the Coalition’s target commitment, but there is no publicly available evidence that its policies and funding can achieve even the smaller target.”
“On available evidence, achieving the smaller target may only be possible with significant greater regulation interventions. This would include shutting down existing power plants, imposing low emission requirements on new LNG plants and stringent energy efficiency requirements such as emissions standards for cars and dramatically higher renewable energy standards.”
Last month The Climate Institute released analysis based on modelling from Monash University and Sinclair Knight Merz that concluded that Coalition policies would at best achieve a 9 per cent increase in emissions by 2020 and require an extra $4 to $15 billion to achieve the 2020 targets.
All other publicly available analysis from private and public sources such as Allens, Ernst & Young, Reputex and Treasury highlight a likely shortfall.
“Like President Obama’s plan, achieving targets without a price and limit on emissions will mean throwing the regulatory kitchen sink at this challenge,” said Connor.
“The Coalition owes it to Australians to demonstrate how their plans can achieve the target and they shouldn’t repeal existing carbon laws, which can do the job, before offering a credible alternative.”
“The Coalition needs to reveal before repeal.”
“The importance of this to all Australians was reinforced in poll data released by WWF overnight which shows that 59 per cent of voters rate the reduction targets as more important than repealing the carbon tax.”
“Under the Kyoto Protocol and other international agreements, Australia is committed to reduce emissions by up to 25 per cent below 2000 levels by 2020.”
“The ability to achieve 25 per cent reductions by 2020 remains the key climate policy credibility test,” concluded Connor.
To see a comparison of the party policies on climate change, please see www.2013pollute-o-meter.org.auFor more information
John Connor | CEO, The Climate Institute | 02 8239 6299
Kristina Stefanova | Communications Director, The Climate Institute | 02 8239 6299