The business of climate change

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Climate change continues to dominate corporate and government agendas around the world. Organisations not only face regulatory impacts, but also expectations for action from a wide range of stakeholders, including employees, investors, lenders, customers and suppliers.

Locally, the change in Federal Government has ushered in a new period of potential complexity in Australian climate policy. It also elevates the need for industry to understand the Government’s two main policy objectives: repeal of the Carbon Pricing Mechanism (CPM), and implementation of the Direct Action Plan (DAP) and its centrepiece Emissions Reduction Fund (ERF).

Will your business conform to a ‘wait and see’ approach or will it look to maximise gains from to these policy changes?  Responding to the Government’s calls for feedback now will allow your business to acquire the information needed to assess the scale and nature of the opportunities and impacts and what elements of the policy are crucial to success.

So what now? Are you ready to take the next steps?

EY’s The business of climate change publications provides you with the guidance required to navigate the next steps toward managing your exposure to the changing carbon policy landscape.

You will find within this series:

  • Comparison of the different policy designs- CPM and DAP/ERF
  • The critical design features of the ERF and the impact of these on different businesses
  • Details on how to optimise your business strategy under the ERF
  • The impacts of a CPM repeal including the scenario of a more complex retrospective repeal
  • Information on the on-going compliance requirements businesses need adhere to during this transitional period

CPM thought leadership pieces:

Navigating the new carbon policy landscape
The release of the Government's Green Paper on Emissions Reduction Fund provides insight on the design of Australia's new climate policy. What are the key implications?

Under the Carbon Pricing Mechanism: Helping you navigate your financial reporting - August 2013
The end of the first compliance period since the commencement of the Australian Carbon Pricing Mechanism (CPM) is now complete. What are the lessons learnt?

Beyond implementation: Helping you navigate how to optimise your strategy under the Carbon Pricing Mechanism
EY’s Beyond implementation, provides you with the guidance required to navigate the next steps toward optimising your strategy under the Carbon Pricing Mechanism.

Carbon cost pass-through from vendors: Insights for procurement teams
EY’s Carbon cost pass-through from vendors: Insights for procurement teams, assists procurement teams address questions relating to expectations around carbon cost pass through.

Insights for Directors / CFOs
EY’s Insights for Directors, and Insights for CFOs, provide a two-page summary of the post Carbon Pricing Mechanism implementation issues facing businesses and the key considerations for Directors and CFOs.

Under the Carbon Pricing Mechanism:
Helping you navigate your financial reporting
- November 2012

EY's Helping you navigate your financial reporting discusses key accounting issues arising from the Carbon Pricing Mechanism.