The Paris climate agreement has sent important market signals, promoting increased investment in renewables and driving down the profitability of fossil fuels.
Paris climate talks
Environment minister Greg Hunt hints Malcolm Turnbull will make significant announcement on first day of Paris climate talks, and forecasts one third of coal power to close by 2022.
Turnbull is off to Paris for the climate change talks. His intervention, like those of other government leaders, will be crucial if a deal is to be reached. The man ousted in the days before Copenhagen because of the influence of fossil fuel interests, now has the opportunity to return the favour.
Hazelwood owner promises no new coal-fired power stations, but NGOs say it would mean more if they closed the most polluting power station in developed world.
US President says world leaders must act now on climate change, and those willing to gamble on business as usual are “not fit to lead.”