Thursday April 3, 2008 - Brussels - The biggest challenge the world faces in the decades ahead is climate change.It is the great moral and economic challenge of our time.
It will require concerted global action to overcome.
We need the right domestic policies – such as cap and trade carbon markets and policies to promote energy efficiency. And we need the right international policies too.
Australia’s ratification of the Kyoto Protocol underlines the fact that we are ready for the serious action required to address climate change.
I was pleased that Australia and the European Union could work effectively together (and with others) in Bali to help launch negotiations on a new, international post-2012 framework that will see all countries contribute. We want to see “top-down” emission reduction targets for advanced economies and specific commitments to action by developing countries.
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