Senate makes the sensible choice carbon laws survive for now Media Release

Jul 10, 2014 - 1:27pm

The Senate made the right and sensible choice today by rejecting repeal of the carbon laws, and should find another way to examine the reality behind price impacts and international action before reconsidering repeal, said The Climate Institute.

“New crossbench Senators are rightfully struggling with the implications of repealing laws that are working as intended. We have long said that repeal would lead to institutionalised volatility for Australian society and business, so we are pleased that the Senate has rejected this today,” said John Connor, CEO of The Climate Institute.

“The current laws are effective, delivering emission reductions in a growing economy. They have not led to the price impacts threatened by some in politics and business, but have instead worked very effectively to reduce our emissions, increase renewable energy like wind and solar in our mix, and created new jobs. ”

“The price impacts on the Government’s own data are less than a fraction of one per cent which is exactly as predicted and as supported by revenue from the carbon price.”

“While this is a critical outcome, the Government now appears set to try again and push through new repeal amendments and restart debate in the House, and then again in the Senate, at the start of next week.”

“What’s important now is to focus on why repeal is not as straightforward as the Government would like us to think – that the implications are significant. Absence of credible climate policy will just lead to more uncertainty and volatility for business and our economy.”

The Climate Institute urges the Senate to review the current policy and the proposed replacement measures carefully, considering how they stack up against key criteria.

Connor said: “The House and Senate should take their time and do a careful review, rather than be rushed into voting on repeal again. This is far more complicated and entangled than the Government has said and repeal is not the only alternative.”

“The alternative option should be to take a deep breath, if needed reduce the price, but retain the underlying operating framework with emissions trading starting on 1 July 2015. We now also have an opportunity to let the independent Climate Change Authority review global climate action, and based on that, recommend what Australia should be doing.”

“It’s time to take a deep breath and a fresh approach to the chaos that is unfolding with this rush to repeal laws that are working reducing pollution in a growing economy.”

For more information
John Connor | CEO, The Climate Institute | 0413 968 475
Kristina Stefanova | Communications Director, The Climate Institute | 0407 004 037

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