The Carbon Market Institute’s Australian Climate Policy Survey provides a critical means of capturing the views of Australian business and industry to inform government and the wider community on climate and energy policy, on corporate action in the climate change arena and the economic and commercial implications of a low-carbon pathway.
The 2018 survey is the fourth in a series, thus allowing CMI to track the evolution of business views and practices. A resounding message from this survey has been the call for effective and comprehensive policy to drive the significant emissions reductions required to meet Australia’s Paris Agreement targets. This call has resonated even louder in the 2018 survey with an overwhelming 92% of respondents indicating that Australia’s current climate and energy policy is insufficient to meet the required targets. In the lead-up to the 2019 federal election, all sides of government should take heed of this message.
The survey was conducted over a three week period in October 2018 and received significant senior-level responses demonstrating the importance of the topic to the business community. We thank all respondents for taking the time to participate. The findings will shape our discussions with policy makers, business and investment stakeholders, media and opinion makers both domestically and internationally.
The information contained herein reflects a broad market perspective and should not be attributed to the position of any single individual or organisation.
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This paper provides an overview of climate change policies at the Australian and state and territory government levels. The paper also discusses climate change adaptation policies and Australia’s contributions to international climate change mitigation and adaptation efforts.
Australia’s commitment to the Paris Agreement means cutting carbon emissions to near zero over the next 30 years. This must be done at the lowest cost, while ensuring energy supplies remain reliable. This policy paper argues that Australia needs new foundations to underpin its energy policy reform agenda.