Wednesday, 28 November 2012

Welcome momentum provided by renewed Kyoto commitment

Clean Energy Council
9 Nov 2012

Australia's decision to sign on to the second phase of the Kyoto Protocol will give the next round of global climate talks in Doha some much-needed momentum, the Clean Energy Council said today. Clean Energy Council Chief Executive David Green said signing on to the next period of the treaty was an important symbolic move and a demonstration of international leadership on an issue where global agreement had been elusive.

"Although slower than most would like, progress towards a binding global treaty is being made, as can be seen from initiatives such as the next commitment period of the Kyoto Protocol", Mr Green said. "Signing Kyoto 2 will cement Australia's commitment to its bipartisan target of a 5% reduction in emissions below 2000 levels by 2020. This bipartisan support is important and very welcome".

Mr Green said all sides of politics recognised the economic opportunities available through renewable energy and energy efficiency technologies that can create jobs and investment while reducing emissions.

"This new commitment supports the efforts of the Australian clean energy industry to export its knowledge, skills and experience to other countries, and play an important role in the Asian Century", he said. "Australia is not acting alone. Our own 20% Renewable Energy Target is in step with the majority of our trading partners, and more than half of the world's countries have introduced targets of their own.

"Our Renewable Energy Target is currently being reviewed by the Climate Change Authority, and it is vital that this target remains largely unchanged in order to unlock billions of dollars in investment potential between now and the end of the decade. "Signing on to Kyoto 2 and linking our carbon price with the European Union's emissions trading scheme sends a strong message to the international community that we are open for investment".