Australia’s Energy Policy Is Simple. Listen To The UN And Do The Opposite.
Australian Prime Minister Tony Abbott’s energy policy seems to stick to one iron-clad mantra: Whatever the United Nations advises, do the exact opposite. While this might seem like a flight of fancy chosen to make this article’s lede a little sexier, evidence is piling up.
Last May, ahead of the UN Climate Change Summit, the World Bank teamed up with a number of countries and corporations to move the needle on carbon pricing. No longer did this group think it necessary to argue over whether carbon pricing was necessary, instead, it sought to establish a fair price for carbon. Rachel Kyte, Vice President of the World Bank Group and its special envoy for climate change issued this call to arms, saying that “a carbon price provides a necessary signal for investment in low-carbon and resilient growth…it should be part of any package of policies to scale up mitigation.” Its initiative was a runaway success as 73 countries and over 1,000 companies signed up, including British Airways, Unilever and IKEA.
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