Australian business: Do not delay decarbonisation.

Findings from the Carbon Market Institute’s Australian Climate Policy Survey for 2019 reveal that 96% of Australian business and industry respondents believe the longer Australia delays decarbonisation, the more abrupt, forceful and disruptive the policy response will need to be, especially for carbon-intensive industries.

The risks posed by climate change to business are well known, both material financial and strategic, with 84% of survey respondents revealing their organisation recognises these risks at board and executive management levels. 42% reported increased shareholder engagement regarding climate change for their organisation in the past 12 months.