|QRC and its members are committed to working together to maintain energy security while taking proactive steps towards the least-cost transition to a low-emissions economy and endeavouring to strike a balance between:|
|sustaining economic growth|
the need for affordable energy|
the global challenge of carbon reduction practices. |
|To meet future energy needs, the development of both clean and renewable energy is critical. The Australian coal industry has already invested heavily in clean energy initiatives such as carbon capture and storage (CCS) with the aim to offset the world's dependency on fossil fuels. |
Policies to reduce greenhouse gases must encourage companies to decrease emissions, while not compromising competitiveness. In the increasingly global market for resources, Australiaís international competitiveness is at risk when QRC members are faced with high carbon costs that arenít imposed in other jurisdictions.
QRC supports strong government consultation on long-term, equitable and stable legislation and administrative frameworks. The QRC, with other peak minerals associations, has agreed to a set of overriding principles that should guide government when developing future low-emissions policies.