Prime Minister Scott Morrison is working on garnering support from rural partners, citizens of the Liberal Party to support the goal of net zero by 2050 and possibly Australia’s current pledge to cut emissions by 26-28% by 2005 A more ambitious target for 2030 than Levels before the United Nations Climate Conference in Glasgow.
Still, Australia’s Business Council – which represents the country’s largest companies including miners, gas and electricity producers – said over the weekend that reducing emissions to 50% from 2005 levels by 2030 could be considered as big benefits for the economy. can be obtained with. .
Addressing an energy and climate conference on Monday, Energy Minister Angus Taylor swiftly rejected the council’s recommendation that the government require businesses emitting more than 25 million tons annually to buy carbon offsets compared to the current limit. Strengthens its “safety net” by necessity. 100 million tonnes per year.
Safeguard mechanisms and the carbon offset market determine Australia’s carbon price, which hit a record high last week but was still less than a third of the carbon price in the European Union, which has stricter emissions limits.
“A major link to the safeguard mechanism is a backdoor carbon tax consumers will eventually have to pay, and that is not acceptable,” Taylor said at the conference organized by the Australian Financial Review.
Australia is the world’s fourth-largest energy exporter, and Taylor said the government’s main goal was to protect key industries including gas, coal, heavy manufacturing and agriculture, while cutting emissions from hydrogen, carbon capture and storage and soil carbon. also had to be promoted.
He said the government would stick to providing incentives to cut emissions rather than punishing polluters.
“That means avoiding the obvious carbon tax or the backdoor way to the carbon tax — the sneaky carbon tax.”
Taylor’s speech came on the same day that Australian billionaire Twiggy Forrest, a vocal critic of the government’s energy policies, announced that he would build the world’s largest electrolyzer factory in Australia to further his ambition to produce green hydrogen. will do.