The Commonwealth Government has made technology central to reducing emissions to 2030, but the Australian Renewable Energy Agency has only $200 million to allocate to new projects. With multi-party support for the Agency, legislation to extend its funding should be urgently passed.
Scott Morrison loves to say that Australia is on track to ‘meet and beat’ our climate targets, but he’s a lot quieter about where that track leads. Admittedly, saying he plans to double Australian coal exports does provide some big hints.
New national survey research from The Australia Institute reveals most Australians have been personally impacted by the bushfires and smoke, including millions missing work or suffering health impacts.
Additionally, the research shows concern about the impacts of climate change are especially high among those directly affected by the fires, as is the wish for the Government to do more to reduce carbon emissions.
A National Climate Disaster Fund, financed by a levy on fossil fuel producers, would help South Australia to recover from the current bushfire crisis and prepare for the worsening fire seasons expected in the future, a leading think tank has said.
The Australia Institute is proposing the creation of a National Climate Disaster Fund, financed by a levy of $1 per tonne of carbon dioxide pollution resulting from all coal, gas and oil produced in Australia. Australia Institute research has shown that such a levy would currently raise around $1.5 billion a year.
The government has ignored repeated warnings by the insurance industry over many years about the increasing costs of disasters as a result of climate change and the need to prepare.
Last year insurance companies slammed the Morrison government's failure to fund climate change resilience programs in the 2019 Budget.
Just some examples of these warnings include:
by Richard Denniss
[Originally published in the Australian Financial Review, 07 Jan 2020]
If Australia and other countries meet their current emission reduction targets bushfires are still going to get much, much worse. Over the past century, humans have caused the world to warm by one degree, but if Australia and the rest of the world stay their current course, we’ll heat the world by three degrees. This year’s record-breaking fires in the Amazon, Russia and Australia barely provide a glimpse of what a world three degrees warmer looks like.
Calls renew for a National Climate Disaster Fund funded by a levy on the emissions of fossil fuel production. The National Climate Disaster would help fund the soaring cost of Australia’s ongoing national bushfire crisis.
Australia Institute modelling shows that the levy, set initially at $1 per tonne of embodied emissions, would raise $1.5 billion per year for the National Climate Disaster Fund.
New research from The Australia Institute has revealed that nearly one third of Australians (30%) are expecting to receive a gift that they will never use this Christmas.
Three in ten (30%), or approximately 7.3 million Australians will receive gifts they expect they will never use or wear this Christmas, representing a total value of $980 million in wasted presents (see Method section for calculations).
New Research from The Australia Institute has revealed that a majority of Australians would like to see Newstart recipients receive a bonus payment to help meet the increased costs of the holiday period.