Coalition publishes climate policy discussion paper amid CCA resignations, claims of right-wing, anti-science bias.
The EIS proposed by Labor and others is a wasteful rob-Peter-to-pay-Paul scheme designed to favour gas, and which will lift energy prices more than they need be.
Coalition’s “clean coal” plant would be costlier and dirtier than alternatives, and on top of that would require billions of dollars of government indemnities and guarantees.
In the face of an increasingly divided Turnbull government, Victoria’s Labor government has upped the ante on climate action, pledging to cut state emissions by up to 20 per cent within three years on the road to zero net emissions by 2050.
Not a single fossil fuel company in the world discloses potential emissions from their reserves – and that is a big problem.
The growth in global production of greenhouse gases has decelerated over the past few years, with 2015 seeing the first actual reduction, of 0.1% compared to 2014 levels.
The market is now pricing wholesale electricity contracts for next year at levels higher than what prevailed when the carbon price was in place.
For the third year in a row, global carbon emissions have remained flat, thanks in large part to declining emissions in China.
Report warns Australia’s vastly underestimated CSG emissions – potentially equal to entire transport sector – would make Paris targets impossible to meet.
Current greenhouse gas concentrations could warm the world 3-7℃ (and on average 5℃) over coming millennia.