Feb 12, 2014 - 2:26pm
The Climate Institute welcomes the opportunity to comment on the Energy White Paper (EWP) Issues Paper.
The submission below consists of three sections:
- A summary of our views;
- Our overarching concerns with the parameters of the Issues Paper, and
- Our responses to several of the specific issue areas identified in the Issues Paper.
The Climate Institute’s overarching concerns include:
- The Energy White Paper risks embedding chronic short-termism, and needs to take a long-term view to promote efficient investment and minimise costs to investors and consumers.
- The EWP should recognise that the global imperative to limit climate change to less than 2°C above pre-industrial levels is among the most significant challenges for the energy sector.
- The EWP needs to consider national emission reduction targets above and beyond the minimum national emissions reduction target of 5per cent below 2000 levels by 2020.
- The EWP should develop a credible long-term decarbonisation strategy to avoid incoherent, unstable energy policy and maximise low emission energy opportunities.
- The EWP should consider the risks other countries’ emission reduction efforts pose to Australia’s energy exports.
- The EWP must consider the risks posed by the physical impacts of 2°C and 4°C climate change to Australia’s energy infrastructure and activities.