In our submission to the Climate Change Commission on the draft emissions budget, we support the commitments to emissions targets under the Paris agreement and to net zero emissions from 2050.
We have two overarching recommendations that we explain in the submission:
1. The Commission should focus its core business to reduce net emissions. The Commission should not advise emissions targets can be achieved for a carbon price of $50 per tonne but recommend spending $250 per tonne instead. The Commission should recognise the emissions penalty of taking responsibility for other problems.
2. The Commission should identify and try to fix what is broken with democratic and market processes governing the trade-offs which worry the Commission before proposing reforms that override those processes. Minor fixes must precede more ambitious proposals.
For further information, dowload the full submission.