Europe is now at a critical point in terms of the future of climate change policy in the EU and around the world.
http://www.iht.com/articles/2008/10/14/europe/union.php
With the policy focus now firmly on the financial crisis an a looming recession, climate change is seen as risky territory for politicians. Britain provided the framework to the EU for tackling problems in the financial system, Australia could have provided – and still has a chance to provide – a framework for the world for tackling climate change.
The same issues are arising in the EU as in Australia, namely:
- Where and how should the burden fall?
- Who, if anyone, should be protected and to what extent?
- How should funds generated from pricing carbon be redistributed?
- What is the correct framework for handling countries with fewer emission ’sins’ to atone for (i.e. developing countries who are yet to emit levels that developed countries have to date, but are well on their way).
If Australia can answer the questions above when it presents its final paper on the issue (originally due early next year I believe but perhaps delayed now?), then it will do the world a great service and any actions we take will be noticed on the world stage. The Garnaut Review made some good inroads to answer these questions, although stated targets were disappointingly low.
