Friday, 25 July 2008 05:19
The electricity generators report released today shows that the Government’s Carbon Pollution Reduction Scheme can be a clean energy “investment engine” for the Australian economy.
“What the report shows is that Government’s Carbon Pollution Reduction Scheme and a strong renewable energy target can drive billions of dollars of investment in the clean energy economy of the 21st century,” said Erwin Jackson, Climate Institute Director of Policy and Research.
“The key issue highlighted is how to ensure the government removes barriers to the new clean energy investment needed for the energy industry to make the transition to a low-carbon economy.
“The point of an emissions trading scheme is to clean-up our high polluting energy production and replace it with 21st century technology.
“The Government needs to work with the community, industry, and unions to ensure these clean energy alternatives benefit the affected communities and Australia as a whole.
“The report also shows that achieving significant reductions in emissions is possible. The key test of the Government’s commitment to combating climate change will be the emission target it sets at the end of this year.
“If Australia is to be part of the necessary long-term global effort to avoid runaway climate change our nation’s emissions need to peak and begin to decline by 2012.”.
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