Energy and Climate policy Ai Group pre-election statement

The national employer association Ai Group today released its pre-election policy statement on Energy and Climate policies.

The statement is part of a series of papers outlining policies we are encouraging all parties to support.

The full paper is available at this link and content can be attributed as quotes from Ai Group Chief Executive, Innes Willox.

Mr Willox’s comments from the statement include the following:

“The next three years could set Australia up to achieve a new clean energy advantage and a thriving and clean economy. Working with the States, industry and others, the Commonwealth can help prepare for faster, more coherent and successful transitions.”

“2030 emissions goals should deepen in order to reach the 2050 goal, support needed investment and deployment, and keep pace with our international partners and commitments. While there is no one best number, roughly halving emissions by 2030 would put Australia in the mainstream of advanced economies.”

“Australia’s former competitive advantage in carbon-intensive energy is gone. Building a new advantage in clean energy is achievable but demands coherent and efficient action.”

“Coal generator closures will accelerate and variable renewables will increasingly dominate supply. This transition will not be straightforward or easy, but it can and must be managed effectively, avoiding negative impacts on price, security and reliability.”

“Successful transition is not just about the power system. Fair treatment of workers, communities, and supply chains affected by closures is essential so that they can thrive.”

“Governments no longer seem confident that the existing electricity market design can drive necessary investment, and their consequent interventions further impact purely private activity. A new settlement on resource adequacy mechanisms is needed that commands broad consensus and provides greater stability.”

“Natural gas plays vital roles in industry, power and households today. But the price outlook is bleak and emissions objectives will require alternative ways of delivering these energy services.”

“The Safeguard Mechanism should be built on as a driver of long-term abatement within industry and the wider economy, by gradually lowering baselines and crediting performance below baselines, with measures to maintain trade competitiveness.”

“Australia needs to prepare the economy and communities for lower demand for emissions intensive exports, pursue all opportunities for clean economy exports, and get ready for carbon border adjustments in major economies,” Mr Willox said.

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