Today I attended a City of Sydney Business Forum Lunch where Prof Ross Garnaut of the Garnaut Climate Change Review was the guest speaker.Prof Garnaut spoke about his most recent report and commented that with our resources boom, we have “the best of times” economically to bring in a price on carbon. He commented that inaction would be counterproductive and that Australia needs to do a fair share on a global basis.
While some areas will have a small negative effect, Prof Garnaut also added that some areas of manufacturing could see a positive effect from the introduction of a carbon tax. Innovation, particularly in the energy generation areas, would benefit directly.
He commented that, “the story of carbon pricing will in future be the story of innovation”.
As I see it, any business planning to be part of the future of Australia, should be thinking about this new carbon economy and the important steps to help achieve our “fair share” of the reduction in global emissions.
My pic 21 June 2011
