Business Council of Australia wants emissions intensity scheme
Australia’s peak business lobby calls for emissions intensity scheme,
Business Council of Australia joins growing push for ‘signal that will support the investment needed for the electricity system’, Guardian, Gabrielle Chan, 16 Mar 17, The nation’s peak business body has joined the growing calls for an emissions intensity scheme (EIS) and argued coal-fired power stations should give three years notice for closure in its submission to the chief scientist’s electricity review.
Jennifer Westacott, the chief executive of the Business Council of Australia (BCA) also called for no further changes to the renewable energy target (RET), given it was the foundation significant investments. She also said there was no need for state-based targets.
Westacott, representing the biggest businesses in the country, argued that in the medium to long term, an EIS was both technology-neutral and would provide the policy signal currently missing to drive investment in energy.The nation’s peak business body has joined the growing calls for an emissions intensity scheme (EIS) and argued coal-fired power stations should give three years notice for closure in its submission to the chief scientist’s electricity review.
Jennifer Westacott, the chief executive of the Business Council of Australia (BCA) also called for no further changes to the renewable energy target (RET), given it was the foundation significant investments. She also said there was no need for state-based targets.
Westacott, representing the biggest businesses in the country, argued that in the medium to long term, an EIS was both technology-neutral and would provide the policy signal currently missing to drive investment in energy…….
The BCA’s submission is the latest to urge the chief scientist, Alan Finkel, to recommend an EIS for the energy sector, effectively imposing a carbon price. Other groups calling for an EIS or carbon market mechanism include Energy Networks Australia, retailer Energy Australia, electricity provider AGL, the Climate Change Authority, the National Farmers Federation and the CSIRO…….https://www.theguardian.com/australia-news/2017/mar/16/australias-peak-business-lobby-calls-for-emissions-intensity-scheme
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