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News that atmospheric carbon dioxide levels

Update Time:2016-05-25 16:17:58 Writer:sunningwind Source:www.sunningwind.com

News that atmospheric carbon dioxide levels have passed the globally significant milestone of 400 parts per million at the aptly named Cape Grim in Tasmania should be of concern to people everywhere.The Age has long argued that the time for scepticism about human-induced climate change has passed; the scientific evidence is beyond reasonable doubt. On the crucial question of what is causing global warming, which has already pushed average temperatures about 1 degree above pre-industrial levels, the debate is over. As the United Nations conference in Paris in December showed, there is all but universal agreement on the need to act.

It is lamentable that almost 10 years after John Howard went to the 2007 election promising a market-based carbon pricing scheme his party rejects that path and is heading to an election with a policy viewed with scepticism around the globe.Given its world-highest per capita greenhouse gas emissions – and its place as one of the top 20 emitters in absolute terms – Australia should be one of the leaders in addressing this issue. Instead, our government remains intransigent, shackled by ideology. The result is a failure to create policies experts believe will help offset the existential threat of global warming.

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It seems a little bizarre that the side of politics usually associated with promoting markets as the best way to allocate scarce resources and produce efficient policies refuses to introduce a market-based system to address a problem on the scale of global warming. We have long argued that without such a mechanism, there will be insufficient incentives for change.

The future, here and overseas, is about renewable energy, which is becoming more efficient and economic. Policies to stimulate investment in clean electricity generation must be introduced as a part of a suite of greener policies.Thus, we acknowledge the courage and insight shown by Bill Shorten in standing firm on an issue that was so politically difficult for Labor three years ago, by putting forward a market-based policy.

The opposition has promised to bring in what would eventually be two emissions trading schemes – one to tackle the electricity sector, and one for other parts of the economy. It is part of a commitment to cut emissions by 45 per cent below 2005 levels by 2030, and to get 50 per cent of the country's electricity from renewable sources by the same date.

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