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Ross Garnaut

Voluntary climate action won’t reach net zero

‘Technology not taxes’ is not enough. A price on carbon is needed to make more expensive lower-emissions innovations the cheaper option.

The Commonwealth government says it will reach zero net emissions by 2050 through voluntary action and technology, not mandates or taxes. This is a false dichotomy. Emissions reductions in line with our international obligations require mandatory measures. Voluntary action supplements and extends mandatory measures – as it has done over the past decade.

Prime Minister Scott Morrison in Glasgow was right to say that Australia has reduced emissions since 2005 by as much as many and more than some other developed countries. The reductions are concentrated in two sectors in which mandatory action has been dominant and voluntary action helpful.

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Ross Garnaut is emeritus professor of economics at University of Melbourne. His new book Let’s Tax Carbon and Other Ideas for a Better Australia is published by Black Inc with La Trobe University Press.

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    Original URL: https://www.afr.com/policy/energy-and-climate/voluntary-climate-action-won-t-reach-net-zero-20211204-p59eru