Business looks to new Australian Parliament for action on Climate Change
Fiona Wain, the head of the Environment Business Australia think tank made half a dozen useful recommendations: –
Trillion-dollar climate question, Sydney Morning Herald, August 28, 2010 Hopes surged this week that a swing to the Greens will result in meaningful action on climate change in the new Parliament. On the Climate Spectator website, Fiona Wain, the head of the Environment Business Australia think tank, urged the crossbenchers to grasp the “unprecedented opportunity in their hands – to help re-attract investment lost by the Rudd-Gillard deferral of putting a price on carbon”.
Wain made half a dozen useful recommendations, including: cut greenhouse gas emissions by at least 20 per cent by 2020; put a price on carbon via an ETS next year; invest revenue from the ETS in the low-carbon economy; speed up energy and resources efficiency; promote large-scale renewable energy projects and biosequestration of carbon dioxide; and help individual investors and super funds to support green projects by establishing pooled index funds, climate bonds or a green investment bank, as in Britain…….
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