Victoria dumps carbon target
The Victorian Government has announced it has scrapped its Labor predecessor’s carbon reduction target after an independent review found that keeping the state-backed target jeopodised the state’s growth.
The review of Victoria’s Climate Change Act warns against keeping the target of cutting emissions by 20 per cent of 2000 levels by 2020, when the national benchmark is 5 per cent.
State Environment Minister Ryan Smith said that keeping the target would jeopodise continued growth and cost the state $2.2 billion.
"There is a federal target of five per cent - I don't believe that Victorians should pay four times the cost of their state counterparts," Mr Smith told reporters.
"We will be working in concert with the federal government to see what programs that we currently have in place are appropriate to maintain."
"Victoria will play its fair share towards reducing Australia's overall greenhouse gas emissions," he said.
"However, we should not burden Victorians with paying for the share of other states or by sending money overseas to purchase emission permits."
The target was legislated by the previous Labor Government in 2010, with the Coalition saying it would commit to the legislation.