The nation’s peak business body has joined the growing calls for an emissions intensity scheme (EIS) and argued coal-fired power stations should give three years notice for closure in its submission to the chief scientist’s electricity review.
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| The Business Council has joined Energy Networks Australia, Energy Australia, AGL, the Climate Change Authority, the National Farmers Federation and the CSIRO in calling for a carbon market mechanism. |
Jennifer Westacott, the chief executive of the Business Council of Australia (BCA) also called for no further changes to the renewable energy target (RET), given it was the foundation significant investments. She also said there was no need for state-based targets.
Westacott, representing the biggest businesses in the country, argued that in the medium to long term, an EIS was both technology-neutral and would provide the policy signal currently missing to drive investment in energy.
Read Gabrielle Chan’s story on The Guardian - “Australia’s peak business lobby calls for emissions intensity scheme.”
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