The Legal Picture

 

 

  Your business is affected even before the climate changes

 

Australia's climate change policy has three major components that work together to reduce carbon emissions, reduce investment uncertainty, and stimulate innovation

The Carbon Pollution Reduction Scheme will cap national carbon emissions and create a new market for carbon valued at between A$5bn and $15bn per annum. The Scheme will initially only apply to around 1000 of Australia's biggest energy providers and users.  But the effect will cascade down through the economy through increases in energy pricing

The Renewable Energy Target (RET) is stimulating the clean energy sector by lifting renewable energy to 20% of national production

And most significantly for businesses new Government funding is now available to help reduce energy and water use, stimulate innovation, and encourage uptake of renewable energy. Many grants are already available to qualifying businesses.

These policies clearly present new opportunities and challenges for any Australian business

 

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