Newspaper article Sunshine Coast Sunday (Maroochydore, Australia)

Climate May Change for Victorious PM

Newspaper article Sunshine Coast Sunday (Maroochydore, Australia)

Climate May Change for Victorious PM

Article excerpt

FINALLY, after multiple hurdles and hiccups, Tony Abbott has repealed the carbon tax.

In the process, he has wiped out a landmark economic reform and left Australia -- at least for the moment -- without any plan in place to combat climate change and meet the national target for emissions reduction. It is a big victory with a tart taste.

Opposition Leader Bill Shorten has declared he'll go to the next election committed to introducing an emissions trading scheme. This is a bold and risky move, making 2016 the third election in which carbon pricing will be central. For business, there will be yet more uncertainty, which will increase Labor's difficulties in dealing with the corporate sector, but there may be complications for the government too.

Peak business groups welcomed the repeal "as the first step in moving towards an emissions reduction policy that works for the economy and the environment". If international developments disadvantage high-polluting countries, business could over coming years want and need Australia to be as "green" as other nations. …

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