Business begins to see climate change as strategic risk, but there are three key reasons not to rely on business to save us from climate change.
Environment minister sees future in ‘clean’ coal, and refuses to endorse renewables. This comes as new data shows large-scale renewable projects at a standstill, and as industry finds doors closed in Canberra. Meanwhile, new data show electricity emissions have fallen 5 per cent in past year.
IPCC says China and other emerging economies will scale back fossil fuels to cut air pollution. This graph from new HSBC report explains why.
IPCC says action on climate change is urgent but affordable. But as the US and others endorse its finding, the Abbott government says it will “wait and see”, all the while dismantling the mechanisms that could achieve higher targets, and the institutions that would tell it why this is a dumb idea.