ALP climate change policy marks positive progress

The Investor Group on Climate Change (IGCC) welcomes the release of Labor’s Climate Change Action Plan. This policy package includes many elements that investors are looking for, including long term policy signals, an integrated approach to carbon and energy policy and market-based carbon pricing mechanisms.

“If Australia is to meet the goals set out in the Paris Agreement signed last week, we need a clear and credible pathway to a net-zero carbon economy”, said Emma Herd, Chief Executive Officer of the Investor Group on Climate Change.

“The ALP climate change policy is an important step forward in tackling some of the key carbon policy levers we need to get right to future proof our economy and keep climate change below 2C.”