It's a case of "steady as she goes" when
it comes to the conclusion of the review of Australia's climate
change policies.
On 19 December 2017, the Federal Minister for Environment and
Energy, Josh Frydenberg released the long awaited
review of Australia's climate change policies. It
essentially concludes that the current policy suite, with some
adjustments, provides the right approach to achieving emissions
reductions in line with Australia's international commitment,
while maintaining energy security and affordability, and preserving
competitiveness of industries.
In the Review, the Government has reiterated its commitment to
meet Australia's emission reduction target under the Paris
Agreement of 26-28% below 2005 levels by 2030. However, it has
continued to spurn the approach of having a single economy-wide
policy, such as an emissions trading scheme, believing instead that
its existing sectoral specific policy suite will position Australia
best to reach that