The future of carbon policy in Australia — direct action or ETS lite?

By Allison Warburton

It is just possible that solving global poverty may prove easier than securing a global response to climate change.

Australia, like many first-world nations, has grappled with its policy response to climate change for well more than a decade. The issue is a particularly difficult one for this country, with its relatively low population base, an economy that is heavily reliant on fossil fuels and a range of industries that compete in a global marketplace. Political parties of both persuasions have struggled to develop carbon policies that deliver real reductions in emissions but do not place too high an economic burden on industry.

Businesses, for their part, have since the mid-2000s been largely accepting of the need for emissions-reduction measures. The fairly constant message from industry groups has been that they are willing to accept a carbon price provided they get certainty of policy, to allow them to plan investments going forward. What businesses actually got was a carbon price, but no certainty…

Click on the link below to read the rest of the Minter Ellison briefing.

Sign in or Register to continue reading this article

Sign in

Register

It's quick, easy and free!

It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.

Register now

Why register to The Lawyer

 

Industry insight

In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.

 

Market intelligence

Identify the major players and business opportunities within a particular region through our series of free, special reports.

 

Email newsletters

Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.

More relevant to you

To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.

Briefings from Minter Ellison

View more briefings from Minter Ellison

Overview

Level 19, Aurora Place
88 Phillip Street
Sydney
2000
Australia
http://www.minterellison.com

Jurisdiction: Australia
No. of offices: 10
No. of qualified lawyers: 791