Labor’s climate policy: a decent menu, but missing the main course
Bill Shorten and his colleagues are offering a broad suite of policies, but little explicit mention of cutting out fossil fuels. AAP Image/Mick Tsikas. Nicky Ison, Research Associate, Institute for Sustainable Futures, University of Technology Sydney. The federal Labor Party this week released the details of its keenly awaited climate policy package. With a commitment to cutting climate pollution by 45% on 2005 levels by 2030, compared with the Coalition’s 26-28% target, there was never a doubt that Labor’s policy agenda was going to be more ambitious than the government’s. But what exactly does it include, how does it stack up against the scientific imperatives, and what’s missing? By offering a broad platform, Labor has moved away from a single economy-wide policy solution to climate change, such as a carbon price or emissions trading scheme. Instead, it has opted for a sector-by-sector approach. This is smart politics and policy. By developing a climate plan for each major sector – industry, electricity, transport, and agriculture and land – it is possible to modernise each sector in a bespoke way, thus driving more innovation and job creation while also cutting carbon pollution. Emily Nunell/Michael Hopkin/The Conversation Industry Labor has taken the politically safe option of expanding the Coalition’s “safeguard mechanism” to lower industrial greenhouse emissions. Under this scheme, big emitters are required to keep their emissions below a prescribed “baseline” level, or to buy offsets if they exceed it. Labor has lowered the threshold for the scheme, meaning it will now cover all businesses that emit more than 25,000 tonnes of carbon dioxide per year (the cutoff is currently 100,000 tonnes). From there, all of these companies will have to lower their emissions by 45% by 2030 on 2005 levels. Some details are still to be determined, including the precise trajectories of emissions reductions, […]