Australia’s move to a clean energy future has taken centre stage at an international forum in Rome this week.
The Major Economies Forum (MEF) on Energy and Climate Change, held in the Italian capital, has heard discussions about Australia’s plans for a clean energy economy.
During the forum, the Parliamentary Secretary for Climate Change and Energy Efficiency, Mark Dreyfus, highlighted Australia’s carefully planned transition to a low pollution, cleaner energy economy through the carbon price and Clean Energy Future package.
“The Australian Government is making good progress in its discussions with the EU on the development of international carbon markets and the possibility of linking the EU Emissions Trading System and Australia’s Carbon Pricing Mechanism,” Mr Dreyfus said.
He said Australia had “much to learn” from the EU’s experiences, considering its emissions trading scheme has been in action since 2005 and now covers 27 countries plus three non-EU members.
A report to the MEF by the International Energy Agency warns that delaying action on climate change will come at great expense to the global economy – every dollar not spent now will cost $4.30 in another 10 years.
The MEF will help shape the agenda for international climate change negotiations as we head toward a legally binding agreement in 2015.