What will Wong’s CPRS actually do?
The CPRS is increasingly looking like the answer to a question that nobody asked, namely, what would be the best way to introduce a complex and expensive national scheme that sounds like a solution to climate change without really changing anything? But as the Senate vote gets closer the first question that the Climate Change Minister, Penny Wong, must answer is this: if the Carbon Pollution Reduction Scheme (CPRS) doesn’t increase the cost of transport fuels, doesn’t apply to agriculture and, as Treasury modelling shows, doesn’t lead to a reduction in our reliance on coal fired electricity until at least until 2033, what does it actually do?
Related documents
Between the Lines Newsletter
The biggest stories and the best analysis from the team at the Australia Institute, delivered to your inbox every fortnight.
You might also like
Why maintaining ambition for 1.5°C is critical | Bill Hare
One of the key things about this whole problem is that the only way to solve it is that we need to rapidly reduce and phase out fossil fuels. That can’t wait a decade. We need to be making substantial reductions this decade.
Richard Denniss: National Press Club Address
On Wednesday, 31 January 2024, Richard Denniss and Allegra Spender MP addressed the National Press Club for a debate on the Stage 3 tax reforms. **Check against delivery** [See below for transcripts] Tax is good. Tax is an investment in our society and the highest taxed countries in the world also happen to be the
Redlight for Greenwashing: ASIC’s action on greenwashing | Jennifer Balding
“The growing interest in ESG is driving the biggest change to financial markets and financial reporting and disclosure standards we’ve actually seen in a generation. We’ve got to make sure that we are ready to meet the challenge of that change at every step of its development.”