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The Hon Greg Combet MP, Minister Assisting the Minister of Climate Change; John Connor, CEO, The Climate Institute; Nathan Fabian, CEO, Investor Group on Climate Change; Greig Gailey, President, BCA, 24 August 2009

Major Business Lunch

The Hon Greg Combet MP, Minister Assisting the Minister of Climate Change; John Connor, CEO, The Climate Institute; Nathan Fabian, CEO, Investor Group on Climate Change, addressed 300 business executives at a Chamber Business Lunch moderated by Margo O’Neil, ABC TV, Lateline Business on the topic “Transformation to a Competitive Low-Carbon Economy”. This Business Lunch was generously sponsored by KPMG.

THE HON GREG COMBET MP
, Minister Assisting the Minister for Climate Change – “All stakeholders in the CPRS debate know that carbon pollution will eventually be priced in the economy. Knowing how that price is to be set is critical for investment. If the Government's scheme is defeated in the Senate it would result in a high level of uncertainty for business and investors”.

JOHN CONNOR, CEO of the Climate Institute - “We urge all parties to strengthen and pass the CPRS that will help reduce our carbon pollution and drive jobs, industries and the investment that is needed to fuel Australia’s new clean-energy, low-carbon economy. Business will now, without delay, have to factor this into medium and long term investment decisions.”

NATHAN FABIAN, CEO of the Investor Group on Climate Change - “As investors for the long term representing more than $450 billion of investments, we consider climate change to present clear investment risks that must be addressed in our investment decision-making. Investors know that long-term returns will best be protected by our transformation to a competitive low-carbon economy”.

GREIG GAILEY, President, Business Council of Australia - "Business needs the certainty of the right ETS scheme if it is to make the necessary investments to move Australia to a low carbon future. This certainty should be delivered sooner rather than later. The opportunity for both sides of politics is to come together and ensure the scheme contributes to global greenhouse gas reduction without reducing the competitiveness of Australia’s industries".

Proudly sponsored by:

KPMG







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