Climate Institute CEO John Connor said:

“We welcome the BCA highlighting that uncertainty and delay on addressing climate change is stifling business investment in areas such as low emissions technology and energy efficiency.

“We agree and urge the Coalition and Government to get on with the job of delivering a full package of emissions trading, research and development, adaptation and energy efficiency measures.

“Our concern is the current measures, with only loose conditions and transparency attached to the multi-billion dollar taxpayer handouts and inadequate targets will not drive sufficient investment in clean jobs and a clean economy.

“We call on the Coalition and the Government to strengthen the conditions and transparency on the handouts and to strengthen our reduction targets, in the context of a global effort, to at least 25 per cent reductions off 1990 levels by 2020.”

“We repeat our earlier calls for the BCA and its members to come clean on what emission reduction targets are needed for a strong economy and safe climate.

“Do they support the Government’s view that the national interest is in returning global greenhouse levels to 450 ppm or lower?

“Do they therefore, like the Property Council and other large investors, back the scientific view that to meet this national interest developed countries as a group, as part of a global effort, need to reduce 1990 pollution levels by 25 to 40% by 2020?”

To read the BCA’s statement visit their website 

To read the TCI’s original media release, to which the BCA refers, see here