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STRONG DEBATES ABOUT THE AUSTRALIAN REPEAL OF THE CARBON PRICE

The recent Australia’s repeal of the carbon price has raised a strong debate and a negative reaction overseas. The former US vice president Al Gore has defined this decision as a “disappointing step”. According to Gore, the abolition of the mechanism means that Australia is falling behind other major industrialized nations in the growing global effort to cut carbon emissions.

In this way, experts have shown that the decision could strongly undermine the efforts to address the consequences of the current climate crisis. Additionally, Gore has stressed the importance for Australia to adopt an emissions trading scheme, to foster stronger environmental policies.

In this field, the Renewable Energy Target, the Clean Energy Finance Corporation, the Australian Renewable Energy Agency and the Climate Change Authority are playing a central role in order to undertake adequate measures to fight climate change.

In relation to that, also the European Union’s climate commissioner has criticized the carbon price repeal. According to the EU, pricing carbon represents the most cost-effective way to reduce global emissions.

The European Union has launched an emissions trading scheme in 2005. The scheme, that covers around 45% of total greenhouse emissions from the 28 EU countries, was due to be linked to Australia’s own emissions trading scheme. However, this project will not be realized.

Consequently, the repeal of the carbon price means that the country now has no primary mechanism designed to reduce carbon emissions.

On the other hand, the Australian government has stressed its effort to implement its voluntary Direct Action scheme, which will hand around $2.5bn to businesses for emissions-lowering projects.

However, the government has not yet undertaken any concrete measures to support this assertion.

 

The gLAWcal Team

and

the team of University Institute for European Studies (IUSE), Turin, POREEN project

Friday, 18 July 2014

(source: The Guardian)