Climate of change puts business and Coalition at odds
Climate of change puts business and Coalition at odds
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The energy analyst Tim Buckley keeps a working folder on his computer in which he tracks announcements made by major financial institutions that are no longer insuring, lending to, or investing in, companies that are heavily engaged in coal.
In 2018 Buckley, who works for the pro-renewables Institute for Energy Economics and Financial Analysis, noted 31 major outfits abandoned coal. In 2019 the list was a third larger again, with 46 major outfits dumping coal. This year Buckley noted 68 exclusions and calculated that the number of announcements per week had more than doubled from 0.6 to 1.4.
Bob Carr pens global letter that highlights government s resistance to climate change
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Bob Carr pens global letter that highlights government s resistance to climate change
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Former foreign affairs minister Bob Carr has written to about 70 international government contacts in Europe, Asia, the Pacific and inside US President-elect Joseph Biden’s transition team to highlight what he calls the Australian government’s “strong resistance” to action on climate change.
Mr Carr’s letter comes as the government seeks international support for former finance minister Mathias Corman’s bid to be made the next chief of the Paris-based Organisation for Economic Co-operation and Development.
Diplomatic cost of Australia s climate stance is beginning to show
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Diplomatic cost of Australia s climate stance is beginning to show
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Early on Thursday morning it became clear Australia had been unable to use its diplomatic heft to shoulder aside such powers as Belize and Saint Lucia to secure one of the 70-odd speaking slots at a virtual UN climate summit to be held in the early hours of Sunday morning.
Asked about the exclusion earlier by independent MP Zali Steggall, Prime Minister Scott Morrison told Parliament that Australian climate policy would be set in Australia and in the national interest, “not to get a speaking slot at some international summit”.
Fiji's prime minister says Australia and other wealthy nations must act on climate change and cannot treat the Pacific like sacrificial canaries in a coal mine.
New government data shows Australia will beat its 2030 emissions reduction targets without using Kyoto carryover credits, as long as the Coalition's tech road map works.