CMI Advocacy Positions
CMI is the independent industry association for business leading the transition to a net zero emissions economy. CMI develops independent, non-partisan and evidence-based policy positions through engagement with its members including direct conversations, CMI hosted forums, an annual survey as well as through its governance, working group and taskforce structures. CMI works constructively with governments at all levels while also making clear its longer-term priorities.
In late 2019 CMI adopted its 2020 Transition to Zero Strategy, which established a 2050 vision of a prosperous, climate resilient,-zero emissions world and our mission to help business manage risks and capitalise on opportunities in the transition to a net-zero emissions economy.
The Board recently approved the following CMI Policy Advocacy positions following discussions at CMI’s Policy Working Group and further testing in a recent member survey.
These positions recognise the importance of public and private sector engagement in climate solutions and establishes CMI’s public policy priorities as well as its priority activities in supporting voluntary corporate engagement in carbon markets.
CMI acknowledges the world is already in a climate crisis and that current national commitments have the world on track to average warming of around 3ºC with devastating human and economic consequences. Australia has abundant opportunity and expertise in clean technologies, effective markets, and carbon farming. Many of our businesses are leading the transition and with the right policies, incentives and markets are willing to do more. The Investor Group on Climate Change estimates there would be $43 billion greater investment than usual over the next five years with policies and goals for net-zero emissions by 2050.
CMI is committed to independent, non-partisan and evidence-based advocacy on these and related positions and will review them on an annual basis.