Citola Blog
Putting a Price Tag on Pollution
The Climate Institute has released an interesting statement (and supporting graphic) relating to the carbon and clean-energy market and pricing mechanisms.
'Driven by an unprecedented level of policy action the world is experiencing a clean energy investment boom'
The Climate Institute is a non-partisan, independent climate change focused research organisation that works with community, business and government in Australia and internationally to drive innovative and effective climate change solutions.
The Climate Institute’s Deputy CEO Erwin Jackson has said, “More and more competitors are putting a price tag on pollution to boost clean energy competitiveness... There is no risk of Australia leading the world in making businesses responsible for the pollution they cause – we have already been overtaken by competitors including the UK, China and the USA.”
“The UK is reaping the benefits of its policies to price pollution, in addition to its participation in the European Emissions Trading Scheme, and has an equivalent price tag around 17 times that of Australia’s. Investment in clean energy in the UK reached around US$ 11 billion in 2009 and captured around 17 per cent of the market in the countries studied,” said Mr Jackson. “The UK’s low pollution economy now compares to its healthcare and construction sectors. Over 900,000 people are now employed in the UK in low pollution businesses and jobs in these sectors have been growing strongly despite the UK’s economic downturn.”
The graphic (click link for original) from the Climate Institute states:
Driven by an unprecedented level of policy action the world is experiencing a clean energy investment boom. Direct and indirect carbon pollution price tags are now in place in many of Australia's major trading partners. Putting in place a direct price tag on pollution is required if Australia is to ensure that its international competitiveness is not lost to countries gaining first mover advantages in the clean energy economy.
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