Targets, pathways and progress: CPD submission to the Climate Change Authority

The submission makes 14 recommendations related to tightening emissions reduction targets, altering public procurement and government investment mechanisms to catalyse finance for the net zero transition, and ensuring benefits are shared amongst all Australians.

• On Australia’s international obligations, the submission suggests the CCA should recommend a target for 2035 in the range of a 71-90% reduction in emissions from 2005 levels, and set a target for reduction of Australia’s Scope 3 emissions.
• It says the government should complement its emerging industrial policy by setting a clear strategic direction and creating a diverse policy mix to support this direction. It also says more Commonwealth funding should be spent on programs that support the early-mid stages of the innovation process.
• On markets for emissions reduction outcomes, the submission recommends that the Safeguard Mechanism be consistently expanded until it functions effectively as an economy-wide carbon price.
• On supporting the wellbeing of workers and communities, it recommends establishing an authority, similar to the Scottish Just Transition Commission, to provide advice to the Australian Government on how to deliver a just transition for all.