SIGNATORIES

419
businesses and associations have signed up to support a price on carbon

WA: Well placed for diversified growth in a low carbon economy?

3 April 2014
West Australia’s economy, environment and way of life are well positioned to benefit both in the long and short term by stable long term federal policies that support a clean economy. The outcome of WA’s Senate election (ie the composition of the ‘new’ Senate from July 2014) is likely to have a significant influence on the nation’s immediate response and future policies in relation to Climate Change. Equally WA in particular stands to lose by inaction, and lack of economic rationale for carbon reduction and / or investment in renewable energy. The B4CE have prepared a facts sheet on the climate risk and opportunities for the WA economy.

What we aim to do

Bring together businesses wanting to demonstrate their support for a price on carbon pollution – and ultimately to start Australia’s shift to a low carbon economy by unlocking low carbon investment and cutting Australia’s greenhouse gas emissions.

Benefits of a carbon price

A price on carbon, with appropriate transitional arrangements for households and industry, and complementary support for the development and deployment of low carbon technology, is widely recognised as being the most efficient and effective way of reducing emissions to meet this target. A carbon price is also important to provide a long term signal for investors in early stage clean energy technologies – such as geothermal, wave, large scale solar – that there will be a strong and vibrant market for these technologies in the future. Investors need to know that funding the research, development and demonstration of these cutting edge technologies represents an acceptable risk.