Page 4 - Climate Control News Magazine March 2021

Editorial
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Climate Control News
EDITOR
Sandra Rossi Ph: (02) 9213 8277 sandrarossi@yaffa.com.au
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THE ‘WAIT AND SEE’ APPROACH TO THE YEAR AHEAD IS NOT EXACTLY AN EFFECTIVE BUSINESS STRATEGY.
Sandra Rossi – Editor
IT IS FAR too reactive. But there are a lot of busi- nesses out there sitting on the sidelines right now waiting for some elusive sign to point them in the right direction.
We cannot control COVID-19 or the broader economy, but they can be managed.
Speaking to contractors for this month’s com- mercial air conditioning feature I was surprised by the trepidation and indecision that has put so many plans on hold.
Failing to act achieves very little, just look at Australia’s climate policy. Rather than commit to a net zero target by 2050, the government has ig- nored climate change and taken a wait and see ap- proach especially when it comes to net zero.
Now our biggest trading partners will make our climate decisions for us.
The world’s three biggest emitters – China, the European Union and the United States – are gear- ing up to set the pace for decarbonising the global economy.
They will do this by pricing carbon across bor- ders (story on page 6). It will be a defining issue this year elevating trade tensions and creating serious problems for Australia.
The European Union is not wasting any time with plans to vote on the introduction of a carbon border adjustment mechanism this month. The EU will publish its proposal in June.
Put simply, it means placing a carbon price on imports from less climate-ambitious countries like Australia.
The US, China and Japan are all showing signs of following the EU’s lead which means Australian exporters are in trouble. The Australian govern- ment hasn’t responded, instead choosing to keep its head in the sand. ✺
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