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Don’t let crisis slow carbon preparations, leaders told | theage.com.au

Don’t let crisis slow carbon preparations, leaders told
The Age

Tom Arup

October 23, 2008

BUSINESS leaders have been warned to speed up preparation for the incoming emissions trading scheme despite the credit crisis.

Speaking on a panel at an Australian Institute of Company Directors function yesterday, Adam Kirkman, director of risk consulting group Protiviti, urged businesses to look beyond the current financial troubles and to push on with plans to cut carbon emissions.

“There is no indication that the Rudd Government is looking to push back the start of the emissions trading scheme (despite the credit crisis),” Mr Kirkman said.

“And it’s interesting that in the same week the UK Government was nationalising banks left, right and centre, they were going to change their emissions reduction emission to 80%.”

Mr Kirkman said the benefit of the incoming ETS was that it echoed a wider shift in the community for an increasingly regulated market in the face of collapsing investor confidence.

“An ETS is essentially a regulated market — the Government will have a lot of control over it,” he said……………………..However, speaking to BusinessDay, another panelist, Dr Ziggy Switkowski, chairman of the Australian Nuclear Science and Technology Organisation, said the credit crisis was a dangerous time to be framing an emissions trading scheme.

Don’t let crisis slow carbon preparations, leaders told | theage.com.au

Tags: g;obalwarming

October 23, 2008 - Posted by Christina Macpherson | environment