Governments bruised by political warfare over climate have learned from past battles and are pushing policies designed to do more than simply cut emissions.
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In purpose, ambition, scale and potential impact, the two pieces of legislation are incomparable, but there are important parallels between them. Having surrendered on a carbon price, policy-makers in Australia and the US are now reaching for other levers to reduce emissions, says the Australian National University environmental economist Professor Frank Jotzo.
Jotzo notes that this trend away from making emissions the singular focus of climate policy reflects a global trend endorsed by the United Nation’s climate body the IPCC, which recognises that successful climate policies now serve multiple policy objectives - environmental, economic and social.
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