The business of climate change
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