5 years ago
MORRISON CLIMATE TARGETS INADEQUATE
MARK BUTLER MP
415 investors, with $32 trillion in assets-under-management, including some of the world’s largest pension funds, asset managers and insurance companies, have called to action governments around the world to act on climate change by signing the 2018 Global Investor Statement to Governments on Climate Change.
This is the single largest policy intervention from investors on climate change, demanding governments, like Australia, to strengthen their Nationally Determined Contributions to meet the Paris Agreement and to enact policies to facilitate the world’s transition to a low-carbon economy.
The statement says, “The countries and companies that lead in implementing the Paris Agreement and enacting strong climate and low carbon energy policies will see significant economic benefits and attract increased investment that will create jobs in industries of the future.
“To ensure a smooth and just transition to a low carbon economy and to adapt to the warming already locked in to the climate system, it will be important that the benefits of gaining access to cleaner energy sources are shared by all, and that those workers and communities affected by the transition are supported.”
But under Scott Morrison’s inadequate climate targets there is no plan to reduce pollution and no plan for a just transition for workers and communities.
The Government’s own data shows under Scott Morrison’s hopeless climate change policies, carbon pollution is up and will continue to rise all the way to 2030 (as far as the projections go).
In stark contrast, Labor has a dedicated just transition policy and our climate targets are based on scientific advice of what is needed to deliver the Paris goal of passing on a sustainable climate to future generations; a cut of 45 per cent by 2030 and net zero emissions by 2050.
This is the single largest policy intervention from investors on climate change, demanding governments, like Australia, to strengthen their Nationally Determined Contributions to meet the Paris Agreement and to enact policies to facilitate the world’s transition to a low-carbon economy.
The statement says, “The countries and companies that lead in implementing the Paris Agreement and enacting strong climate and low carbon energy policies will see significant economic benefits and attract increased investment that will create jobs in industries of the future.
“To ensure a smooth and just transition to a low carbon economy and to adapt to the warming already locked in to the climate system, it will be important that the benefits of gaining access to cleaner energy sources are shared by all, and that those workers and communities affected by the transition are supported.”
But under Scott Morrison’s inadequate climate targets there is no plan to reduce pollution and no plan for a just transition for workers and communities.
The Government’s own data shows under Scott Morrison’s hopeless climate change policies, carbon pollution is up and will continue to rise all the way to 2030 (as far as the projections go).
In stark contrast, Labor has a dedicated just transition policy and our climate targets are based on scientific advice of what is needed to deliver the Paris goal of passing on a sustainable climate to future generations; a cut of 45 per cent by 2030 and net zero emissions by 2050.