

“With the Senate’s vote today, Australia not only lurches to the back of the pack of countries taking action on climate, but sees the responsibility of emission reductions shift from major polluters to the taxpayer,” said John Connor. “The last seven years have been a sorry and sordid tale of greed, incompetence and rotten luck, which has reduced Australian policy making to scaremongering, self-interest and reckless short termism.”
Connor said that if there is any solace to be taken it’s that there is now two years of experience in Australia of carbon laws that have worked at reducing pollution in a growing economy.
Carbon pricing could endure. Alone it was not a panacea, but it was an effective central pillar to a long-term emissions reduction strategy. This is the view of the OECD, World Bank, the United Nations and many institutions like them.
On carbon pricing, Australia had got itself ahead of the curve, as it has so often on major economic reform. Doing that has always been to our advantage. We restructured ahead of others, lessened the associated pain and got on with embracing modernity.
In the two years since Australia’s carbon price came into effect, seven pilot schemes have been launched in China and perhaps the best scheme in the world started in California. Next year South Korea – our fourth largest-trading partner – begins its own national trading scheme.
Instead we have become the first country to roll back a carbon price.
This repeal is fighting against the future. That is a battle that is rarely won.