Property Council of Australia submission to the Review of International offsets: consultation paper
The Property Council of Australia welcomes the opportunity to make a review to the Climate Change Authority on the Review of International offsets: consultation paper. We recognise the significant body of work undertaken by the Climate Change Authority leading to this review and thankyou for your ongoing consultation with the property sector.
Through the government’s Long-term Emissions Reduction Plan, Australia has committed to decarbonise our economy by 2050 and this must include the built environment. To create the regulatory certainty needed to achieve this objective, we recommend the Commonwealth builds on the Trajectory for Low Energy Buildings and commits to a sector specific plan for the built environment to achieve net zero. This plan should include a coordinated approach to decarbonisation that outlines, among other measures, the specific role of offsets for the built environment for medium and long-term scenarios.