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https://theconversation.com/cut-emissions-70-by-2035-theres-only-one-policy-that-can-get-us-there-264884>
"Australia’s new emission reduction target of 62–70% by 2035 is meant to
demonstrate we are doing our part to hold climate change well below 2°C.
The new target can just about do this if we hit the upper end of the range.
To get there, Climate Change and Energy Minister Chris Bowen today outlined new
funding to help industry go clean and boost clean energy financing and clean
fuels.
On top of our existing policies, these don’t look to be enough to trigger the
step change needed. But there is a deeper problem. At present, the government’s
approach is one of command and control. Canberra is deciding what goes ahead
and what doesn’t. This approach is not only inefficient but has a very real
limit – how far the public purse will stretch.
Far and away the best option to rapidly cut emissions is to once again price
carbon. When it costs money to emit carbon dioxide and other greenhouse gases,
markets start shifting huge amounts of money into clean alternatives. The funds
raised can help strengthen the budget – and compensate consumers, who are
currently not being compensated for current policy costs.
The question now is whether the government can shake off their memory of the
political turmoil around the introduction of the last carbon price introduced
in 2012 – especially given this turmoil had much to do with constant leadership
changes."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
