3Objects

3 Objects

The objects of this Act are as follows: (a) to give effect to Australia’s obligations under: (i) the Climate Change Convention; and (ii) the Kyoto Protocol; (b) to support the development of an effective global response to climate change, consistent with Australia’s national interest in ensuring that average global temperatures increase by not more than 2 degrees Celsius above pre‑industrial levels; (c) to: (i) take action directed towards meeting Australia’s long‑term target of reducing Australia’s net greenhouse gas emissions to 80% below 2000 levels by 2050; and (ii) take that action in a flexible and cost‑effective way; (d) to put a price on greenhouse gas emissions in a way that: (i) encourages investment in clean energy; and (ii) supports jobs and competitiveness in the economy; and (iii) supports Australia’s economic growth while reducing pollution.