Opinion
Carbon market rules must send a clean investment signal
Arguments about the ability of market-based approaches to decarbonise Australia’s economy will only continue if the government’s safeguard mechanism ambition is limited by special arrangements.
Kerry SchottFormer energy regulatorAs the human and economic costs of yet more “unprecedented” flood, fire and other climate impacts escalate, the pressure on governments and business to accelerate decarbonisation grows.
With this urgency comes opportunity. Australia is richly endowed with clean energy, land and mineral resources that can, as Ross Garnaut highlights, make us an economic superpower in the post-carbon world.
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