The proposed CPRS targets comprise an unconditional 5 per cent reduction in emissions from 2000 levels by 2020, and an aspirational target of 25 per cent in the event of a comprehensive global agreement.
The Government will go to the United Nations Climate Change Conference in Copenhagen late this year with a united Australian position in seeking a global commitment to addressing climate change.
However, the Coalition plan to move in the Parliament to defer a final vote on the Government's proposed Emissions Trading Scheme until after the Copenhagen meeting.
The Government has rejected the plan to defer the scheme.
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Minister for Climate Change Penny Wong said "Delaying a decision on the CPRS undermines certainty for business and threatens billions of dollars of investment.”
The Climate Institute welcomes the bipartisan offer of 25 per cent pollution reduction targets but will be urging the Coalition to reconsider their decision to back further delay on Australian climate action.
“Delaying the passage of the CPRS legislation will weaken our credibility in international negotiations and hinder clean energy investments,” said Climate Institute CEO John Connor.
If the legislation is defeated twice within a three month period it may be used as a double dissolution trigger.
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