Industry has rejected the Climate Change Authority’s call for Australia to increase its planned carbon emission reductions.
As The Australian Financial Review reports, Australia is now committed to a 5 per cent cut in carbon emissions compared to 2000 levels by 2020. But, according to the Climate Change Authority, the nation should increase that target to 15 or 25 per cent by 2020.
The call has been dismissed by the government which plans to scrap the authority and abolish the carbon tax.
Chief executive of the Australian Industry group, Innex Willox echoed the government’s position. "Talking about deeper emissions targets is pie in the sky without an economically responsible plan to reach them," he said.
Willox’s position comes despite the fact that the authority agreed with the AiG's call for Australia to buy international carbon permits.
In addition, Australian Chamber of Commerce chief economist Greg Evans said the 5 per cent target should be potentially lowered if a review found it harmed the competitiveness of Australian business.
"The Climate Change Authority is showing no understanding of economic reality if it is recommending these aggressive emission targets be imposed on the Australian economy," Evans said.
As the SMH reports, the Greens welcomed the report and the Opposition’s environment spokesman, Mark Butler, suggested the Labor Party was open to increasing the carbon reduction target.
On top of an increased target for 2020, the authority said Australia should aim to cut emissions by 35 to 50 per cent by 2030.