You are here

STATEMENT: Australia Passes Historic Climate Legislation

On Tuesday, the Australian senate passed legislation that will set a price on carbon and help meet its emissions targets.

The Australian government previously committed to reduce its greenhouse gas emissions by 5 percent by 2020 and 80 percent by 2050 (both below 2000 levels).

Following is a statement by Jennifer Morgan, Director of WRI's Climate and Energy Program:

“Australia has joined a growing list of countries taking national action to address climate change. This law is a major step forward for this large and coal-dependent nation, demonstrating its commitment to a low-carbon economy.

"Australia has set a fixed carbon price of $23 per ton, which will continue until July 2015. At that point, an emissions trading system with reduction caps will begin operating. In addition, Australia has created a new $10 billion Clean Energy Finance Corporation to invest in renewable energy.

"While Australia's targets should eventually be strengthened, this is a solid down payment on its clean energy future.

"As countries prepare for climate negotiations in Durban, South Africa, the passage of this legislation should provide a spark for those ready to move beyond talk and take action on climate change."

To read the legislation go here.

For more on Australia's national climate policy go here.

Stay Connected