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Floor price speculation undermines climate action and business certainty

Media Release
Christine Milne 4 May 2012

Rob Oakeshott's speculation that he may move to disallow the floor price that was agreed by the Multi-Party Climate Change Committee would undermine both climate action and business certainty while providing no benefits to the community, the Australian Greens said today.

"A floor price for carbon after the fixed price period provides business with certainty out to 2018, driving faster investment in cleaner technology and better results for the climate," Australian Greens Leader, Senator Christine Milne, said.

"Speculation about disallowing the floor price regulations sends a strong signal of uncertainty to business and, because of that, I will be asking Mr Oakeshott to reaffirm his commitment to the climate package as negotiated.

"Mr Oakeshott understands that the Climate Change Committee negotiated a package as a whole where each element has impacts on all others.

"If the floor price had not been agreed, we would have to have made different decisions on a range of elements of the carbon price package which have already been legislated.

"We can only expect business to start investing in a clean energy future if we provide them with certainty about how we're going to treat those investments.

"Establishing a floor price is critical to certainty, as is sticking by an agreement once it has been delivered."

 

 

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