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CPRS delay pushes substantial economic risk to later years

28-Apr-10 16:18 | IGCC Secretariat (administrator)
The Investor Group on Climate Change (IGCC), representing investors of over $500bn, today expressed its frustration and disappointment at the prospect of further delays to the implementation of a framework for pricing Greenhouse Gas emissions beyond 2012.

IGCC considers that the Rudd Government’s decision to delay the Carbon Pollution Reduction Scheme is at odds with the urgent need to address climate change; for a steady low-emissions economic transition in Australia; and, the call from local investors for a framework to price emissions risk into investment decisions.

Investors understand that the impasse in the Senate has delayed passage of the CPRS, but were seeking continued Government commitment to the policy, including taking it to the next election.

Click here to download a copy of the media release
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