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Business Council confirms global response and strong economy vital to fight climate change.



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MEDIA RELEASE The Hon Malcolm Turnbull MP Australian Minister for the Environment and Water Resources

T35/07 4 April 2007

BUSINESS COUNCIL CONFIRMS GLOBAL RESPONSE AND STRONG ECONOMY VITAL TO FIGHT CLIMATE CHANGE

The Business Council of Australia has confirmed that a global response is necessary to fight climate change and that Australia’s contribution to this is possible only with strong economic management.

The Business Council of Australia’s Strategic Framework for Emissions Reduction report released this week confirms that an effective response to climate change needs to be global.

While the BCA supports a range of domestic measures to fight climate change, it does so on the basis that they do not come at the cost of the Australian economy and our export industries.

The Australian Government shares the BCA’s concern about those who advocate a short-term, knee-jerk reaction to the problem without any regard for our economic competitiveness.

The BCA report says that “Whether the greenhouse battle is won or lost will be determined at the global level, not the national level.” (p20)

The Australian Government’s position is clear. This is a global problem requiring a global response.

Importantly, the BCA states that a strong economy is the key to Australia’s ability to effectively contribute to a global climate change response:

“The BCA position on climate change and emissions trading recognizes that it will be the strength of the Australian economy in the future - not its diminution - which will ensure Australia is able to address the potential risks associated with climate change.” (p2)

The Australian Government’s investment of more than $2 billion on climate change measures has been underpinned by the Australian Government’s strong economic management. Any future investments will only be possible with a strong economy managed by experienced economic managers.

The BCA report further acknowledges the deficiencies in the existing Kyoto Protocol which poses no obligations on developing countries, many of which are the largest emitting countries in the world.

The Australian Government has been pushing for a more effective, global response that involves all major economies; that will deliver real benefits for the environment; and that fits the national circumstances of all countries.

The BCA also recognises that addressing deforestation and forest management presents an opportunity to significantly reduce global greenhouse gas emissions. That is exactly what the Australian Government’s new Global Initiative on Forests and Climate announced last week aims to do.

Media Contact: Sarah Stock 02 6277 7640 or 0404 848 186