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.