Abbott’s “Direct Action” climate policy – a gift to the big polluters
Top polluters to set own limits virtually penalty free, according to Direct Action policy paper ABC News 27 Mar 15 By the National Reporting Team’s Lisa Main Australia’s 140 top polluters will set their own limits for future pollution virtually penalty free, according to the Government’s latest Direct Action policy paper.
The Federal Government is building towards the launch of its flagship climate change initiative, the Emission Reduction Fund (ERF), in mid-April. As part of that it has released a consultation paper outlining “safeguards” to ensure the big polluters do not offset emissions saved through the ERF.
Companies subject to the safeguards will select a baseline, or limit, for future pollution. That baseline will be set according to the highest peak of emissions from the past five years.
Grattan Institute energy program director Tony Wood said the ideas proposed in the paper simply would not work. “The safeguard mechanism was always a critical element of the Direct Action plan, but there is nothing in this safeguard mechanism that puts any absolute limit on a whole range of sectors,” he said.
There is also significant wiggle room for companies, according to the paper. Changes to the baselines can be made if there are changes to the company size or if the company has a “limited ability to control such emissions”. “All of the flexibility seems to be in the hands of the emitter and that runs counter to the fundamental principal of the paper,” Mr Wood said.
System designed as a toothless tiger, economist says
Australia’s 140 top polluters will set their own limits for future pollution virtually penalty free, according to the Government’s latest Direct Action policy paper.
The Federal Government is building towards the launch of its flagship climate change initiative, the Emission Reduction Fund (ERF), in mid-April.
As part of that it has released a consultation paper outlining “safeguards” to ensure the big polluters do not offset emissions saved through the ERF.
Companies subject to the safeguards will select a baseline, or limit, for future pollution.
That baseline will be set according to the highest peak of emissions from the past five years.
Grattan Institute energy program director Tony Wood said the ideas proposed in the paper simply would not work.
“The safeguard mechanism was always a critical element of the Direct Action plan, but there is nothing in this safeguard mechanism that puts any absolute limit on a whole range of sectors,” he said.
There is also significant wiggle room for companies, according to the paper.
Changes to the baselines can be made if there are changes to the company size or if the company has a “limited ability to control such emissions”.
“All of the flexibility seems to be in the hands of the emitter and that runs counter to the fundamental principal of the paper,” Mr Wood said.
System designed as a toothless tiger, economist says Opposition environment spokesman Mark Butler slammed the policy paper as a waste of time.
“This policy is nothing but a dressed-up slush fund, wasting billions of taxpayers’ dollars while achieving no meaningful reduction in Australia’s pollution levels,” he said.
The paper classifies the nation’s biggest polluters as those who emit over 100,000 tonnes of carbon a year, covering around 140 companies.
Experts are concerned these companies will stay well below their baselines.
ANU economist Frank Jotzo said the system is designed so no-one gets caught by it.
“This is an entirely toothless tiger………….
Businesses and the community are invited to make a submission on the safeguard mechanism public consultation paper by April 27.http://www.abc.net.au/news/2015-03-27/top-polluters-to-set-own-limits-penalty-free-direct-action-paper/6354560
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