The Wire

Opposition Leader Bill Shorten today announced a new climate change policy ahead of the July 2 election. Under the policy, Labor proposes two Emissions Trading Schemes, one for electricity generators, and another for businesses in other industries who emit more than 25 tonnes of carbon pollution each year. Alongside the ETS schemes, Shorten has promised better fuel economy cars by 2025, and a “climate trigger” to prevent state governments from authorising the clearing of large tracts of land. This all comes as Labor boasts an ambitious goal to reach zero net pollution by 2050. But will Shorten’s policy go far enough? And what is missing from Labor’s policy pledge?