Business gives cold shoulder to Coalition climate planAdam Morton and Tom Arup
April 29, 2011
The Coalition is struggling to win business support for its climate plan, with no company chiefs signed up to spruik it as a better way to cut carbon dioxide emissions than a carbon tax.Last month former Reserve Bank board member Dick Warburton said he had agreed to assemble a team to promote the Coalition's plan for a $10 billion fund to pay for emissions cuts, and that he expected to make an announcement about it in mid-March.
But Mr Warburton has told The Age that he
is yet to convince any business leaders to join a Coalition round table to promote its climate policy.''There has been progress with various business leaders who are very supportive, but many of them would rather remain anonymous because they don't want to be seen as partisan,'' he said this week.
The battle to attract business support followed the Coalition's failure to win backing from economists for its direct action plan as a viable long-term alternative to a carbon tax or emissions trading scheme.Mr Warburton acknowledged that a failure to get public business support
would be seen as a blow to the legitimacy of the Coalition's policy.''It would add to the credibility if they would [support the policy], no doubt about that, but if they don't, they don't,'' he said.
The opposition's policy emphasises storing carbon in soil and trees as central to meeting the bipartisan target of a 5 per cent cut in emissions below 2000 levels by 2020. It would not force businesses to pay for their greenhouse pollution, but they could tender for a grant to cut their emissions.
Opposition climate action spokesman Greg Hunt said the Coalition remained committed to holding a climate business round table chaired by Mr Warburton and John White, the co-owner of coal technology company Ignite Energy Resources.
''We will announce the business round table as a complete package on our timetable, when the process is complete,'' Mr Hunt said in a statement.