The Australian - Carbon Club

John Connor figures Australia has a carbon market architecture to match anywhere in the world but needs leadership to fill in the gaps and allow business to drive volume harder.

The chief executive of the Carbon Market Institute has spent much of the past 30 years working for not-for-profit organisations dedicated now to the goal of helping business and government achieve the net zero emissions goal.

He doesn’t think the present policy is necessarily optimal but “it’s one that can easily evolve”.

“One of the dirty little secrets in this whole debate in Australia is that it already has an effective working system to establish a carbon price but it’s largely set by government action through the Emissions Reduction Fund reverse auctions,” he said.

“What we want is to have business driving the market and for that we need proper guidelines and clear pathways to decarbonisation, clear signals for investment to reinforce what we already have, and the level of business enthusiasm for the process,” he added.

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