This is an exciting time to be alive. While the challenges we face from climate change are enormous, so are the opportunities.
Around the world communities are already feeling the impacts of climate change, from rising sea levels and coastal erosion in the Pacific Islands, to longer and more intense droughts across many parts of Africa.
Of the rich developed nations, Australia has paid a higher price than most with, with impacts including our 13-year drought, the unprecedented bushfires of 2009 and the recent devastating floods in Queensland and Victoria. According to climate modelling, we are one of the most at-risk nations from future climate change impacts.
With inaction, or delayed action on climate change, we risk losing major tourist and environmental assets like the Great Barrier Reef; new health impacts, rising food and energy prices and negative impacts on wages, property and our economy.
Despite this, the Australian Government has dragged its feet when it comes to serious action. Some people argue that Australia shouldn’t act before other countries do, but we are already lagging behind many others countries – and could easily miss the economic opportunities that come from the development of new clean energy technologies.
Many other countries are already taking steps to tackle climate change – including many poor developing countries. Thirty two countries already have carbon emission trading schemes with many more investing in renewable energy technologies, committing to increase energy efficiency and setting ambitious targets to grow their clean energy sectors.
The Australian government has taken the first step by announcing plans to put a price on pollution. While some argue that it’s too expensive to tackle climate change, it’s the cost of inaction we really can’t afford. Acting on climate change? Now that’s the smart thing to do.