Sustainability is no longer an issue limited to a small number
of environmentalists or 'greenies'. With the introduction
of energy reporting legislation and regulation, it now impacts on
everyday business and contract negotiations and can no longer be
ignored. To survive, entities need to understand the obligations
and determine how best to apportion this responsibility.
The federal government's proposed Carbon Pollution Reduction
Scheme (CPRS) aims to reduce Australia's greenhouse gas
emissions by between 5% and 15% below 2000 levels by 2020. The
federal government recently announced however that a target of 25%
of 2000 levels by 2020 would be adopted in the event of a global
agreement designed to limit the concentration of greenhouse gases
in the atmosphere at 450 parts per million. The long term target is
a 60% reduction in greenhouse gas emissions below 2000 levels by
2050.
