Antinuclear

The Conversation, Anna Skarbek, CEO at ClimateWorks Australia, Monash University, Anna Malos, Project Manager, climate and energy policy, ClimateWorks Australia, Cameron Hepburn, Professor of Environmental Economics, University of Oxford, Matthew Carl Ives, Senior Researcher in Economics, University of Oxford, May 15, 2019  No matter who wins the upcoming federal election, both the ALP and LNP are committed to remaining in the Paris Climate Agreement.This means every five years Australia is expected to submit progressively stronger targets to reduce greenhouse gas emissions, and report on progress. And by 2020, Australia is expected to submit a long-term emissions reduction strategy showing how to get to net zero emissions.

Regardless of what policy mix is chosen to achieve this, the process of hitting the Paris targets is now a permanent feature of economy-wide decision-making, one that will need credible ongoing support from government and businesses. Policy uncertainty, and a lack of national framework, has reduced investment confidence.

The UK has shown how national climate change legislation can guide institutional action, and not only dramatically cut emissions, but also promote economic growth.

Victoria rolled out similar legislation in 2017, one of the first pieces of legislation in the world to be modelled on the Paris Agreement.

But Australia lacks a national version of Victoria’s or UK’s legislation.

We have national targets, but not yet ongoing systems embedded in departments. These systems would include measures to ensure continuous target-setting every five years (as used in other jurisdictions) with guidelines and progress reporting obligations. A lack of national legislation means the community and businesses lack transparency about Australia’s long-term direction, pace and progress.

How national climate change legislation would work……..