The Energy Collective Group
This group brings together the best thinkers on energy and climate. Join us for smart, insightful posts and conversations about where the energy industry is and where it is going.
Post
Acting locally on CO2 make financial sense
Australian businesses have long recognised many of our exports are energy intensive and has been urging government to put into place a carbon abatement regime. Successive governments have failed to listen. It is now clear that the European Union’s Carbon Border Adjustment Mechanism (CBAM) is not something for the deep future but now starting in 2023.
The second factor to consider is that large international investment funds which are critical investors in the Australian capital market not only see the need for Australia to be carbon neutral in 2050 but they are looking to their investments in advanced economies such as Australia to reflect what they see as a sustainable global position.
What Australia needs to see is both its markets for value-added production and its investors are looking to long-term strategic positions. Versions of the CBAM are coming to many advanced economies and investments driven by parties who need their investments de-risked.
The reality is investors see carbon risk as manageable but Canberra is deny the private sector regime to do this.
The Australian Government needs to listen to Australian business and the world.
Do we any other option than a national carbon abatement mechanism?
Paul Raftery
Discussions
No discussions yet. Start a discussion below.
Get Published - Build a Following
The Energy Central Power Industry Network is based on one core idea - power industry professionals helping each other and advancing the industry by sharing and learning from each other.
If you have an experience or insight to share or have learned something from a conference or seminar, your peers and colleagues on Energy Central want to hear about it. It's also easy to share a link to an article you've liked or an industry resource that you think would be helpful.
Sign in to Participate