Australia’s future prosperity depends on action on climate change
It is also important that climate change action is understood as an opportunity for structural economic reform and for building long-term economic prosperity….Early action delivers first-mover advantage and reduces the risk of economic exclusion in carbon-intensive industries when the transition to a lower carbon economy eventually takes place…..
Dear PM: risks are worth it in reform | The Australian, 18 Sept 10, David Hetherington “………..Although survival will be a preoccupation, the Gillard government cannot ignore the long-term policy challenges facing the country….…This is the real test for this government: Can it marry policy reform with political survival?…..Climate change: Human-caused climate change is real and the necessary responses are well understood: a price on carbon, a shift to renewable energy sources, and more efficiency in energy use……………
In energy, an emissions trading scheme remains the most important market design reform available; short of that, a carbon tax is a second-best option.Additionally, market design can encourage the spread of distributed power generation in government-owned facilities and other medium-sized buildings such as apartments, hospitals and universities.
This requires comprehensive feed-in tariffs and streamlined access to the grid.The natural fuel for this distributed generation is gas: it is abundant, already networked and far less carbon-intensive than our existing coal-fired electricity…..
It is also important that climate change action is understood as an opportunity for structural economic reform and for building long-term economic prosperity.
Many presume that making the transformation to a low-carbon economy will incur an unjustifiably large cost: lower economic growth, loss of employment, reduced living standards. Yet there is an advantage in acting sooner rather than later.
Early action delivers first-mover advantage and reduces the risk of economic exclusion in carbon-intensive industries when the transition to a lower carbon economy eventually takes place…..
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