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    Lower Carbon Economy Both Efficiently

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    The House of Representatives Standing Committee on Economics will examine Australia's emissions trading scheme as the central policy to reduce carbon pollution. The committee will investigate how the country can transition to a lower carbon economy efficiently and economically while lowering costs, incentivizing clean energy investments, and contributing to global climate solutions. The committee is accepting submissions on the emissions trading scheme until March 20, 2009 and will report its findings in the second half of 2009.

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    Lower Carbon Economy Both Efficiently

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    The House of Representatives Standing Committee on Economics will examine Australia's emissions trading scheme as the central policy to reduce carbon pollution. The committee will investigate how the country can transition to a lower carbon economy efficiently and economically while lowering costs, incentivizing clean energy investments, and contributing to global climate solutions. The committee is accepting submissions on the emissions trading scheme until March 20, 2009 and will report its findings in the second half of 2009.

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    Lower Carbon Economy Both Efficiently

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    The House of Representatives Standing Committee on Economics will examine Australia's emissions trading scheme as the central policy to reduce carbon pollution. The committee will investigate how the country can transition to a lower carbon economy efficiently and economically while lowering costs, incentivizing clean energy investments, and contributing to global climate solutions. The committee is accepting submissions on the emissions trading scheme until March 20, 2009 and will report its findings in the second half of 2009.

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    11 views1 page

    Lower Carbon Economy Both Efficiently

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    The House of Representatives Standing Committee on Economics will examine Australia's emissions trading scheme as the central policy to reduce carbon pollution. The committee will investigate how the country can transition to a lower carbon economy efficiently and economically while lowering costs, incentivizing clean energy investments, and contributing to global climate solutions. The committee is accepting submissions on the emissions trading scheme until March 20, 2009 and will report its findings in the second half of 2009.

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    MEDIA RELEASE 

      Issued: 12 February 2009
     
    HOUSE OF REPRESENTATIVES STANDING COMMITTEE ON ECONOMICS  Chair: Mr Craig Thomson MP
    NEW INQUIRY:  Emissions Trading Scheme 

    New inquiry into the emissions trading scheme


     
    The House of Representatives Economics Committee will examine the choice of
    emissions trading as the central policy to reduce Australia’s carbon pollution.

    The climate is changing and there is significant scientific evidence to suggest that it will
    continue to change. Australia has a climate sensitive economy and is particularly
    susceptible to droughts, bushfires, floods, tropical cyclones and hail storms which lead to
    substantial social and economic costs.

    The Chair of the House Economics Committee, Craig Thomson (Member for Dobell,
    NSW), said: “we need to take urgent action to help slow down the effects of climate
    change. We need to examine sustainable economic options to reduce our carbon
    footprint effectively and in a timely manner.”

    The committee’s inquiry will focus on how Australia can make the transition to a lower
    carbon economy both efficiently and economically. The terms of reference for the inquiry
    referred by the Treasurer Wayne Swan are:

    The Committee will inquire into the choice of emissions trading as the central
    policy to reduce Australia's carbon pollution, taking into account the need to:

    a) reduce carbon pollution at the lowest economic cost;

    b) put in place long-term incentives for investment in clean energy and low-
    emission technology; and

    c) contribute to a global solution to climate change.

    The committee is keen to hear from industry, peak associations, academia, government
    departments, the scientific community and individuals. The committee will accept
    submissions, preferably by email, until Friday, 20 March 2009. The Committee has
    been asked to report back in the second half of 2009.

    Further details about the inquiry, including how to make a submission, can be obtained
    from the committee’s website at www.aph.gov.au/economics or by contacting the
    committee secretariat on (02) 6277 4209 or emailing economics.reps@aph.gov.au

    For media comment: please contact the Committee Chair, Mr Craig Thomson MP, on
    (02) 4351 1223 (Electorate Office) or (02) 6277 4460 Parliament House

    Further information: contact the Inquiry Secretary (02) 6277 4209, email
    economics.reps@aph.gov.au or visit the Committee’s webpage at
    http://www.aph.gov.au/economics

     
    PO BOX 6021  Telephone: 02 6277 4587 
    PARLIAMENT HOUSE  Facsimile: 02 6277 4774 
    CANBERRA  ACT  2600  Email: economics.reps@aph.gov.au 
      Website: www.aph.gov.au/economics 

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