The UK has a national climate change act – why don’t we?

Abstract:

No matter who wins the upcoming federal election, both the ALP and LNP are committed to remaining in the Paris Climate Agreement. This means every five years Australia is expected to submit progressively stronger targets to reduce greenhouse gas emissions, and report on progress. And by 2020, Australia is expected to submit a long-term emissions reduction strategy showing how to get to net zero emissions. Regardless of what policy mix is chosen to achieve this, the process of hitting the Paris targets is now a permanent feature of economy-wide decision-making, one that will need credible ongoing support from government and businesses. Policy uncertainty, and a lack of national framework, has reduced investment confidence.