The
Guardian,
26
October 2021:
There’s
not a lot of good news, so for the sake of all our sanity, let’s
start with the good news. The Morrison government has adopted a
mid-century target of net zero emissions by 2050.
Now
before anyone starts yelling – it is true that Australia already
adopted that objective, more or less, when we signed the Paris
agreement five years ago.
It
is also true that the international climate conference Scott Morrison
is about to attend in Glasgow is focused on 2030, not 2050, because
the threat of global heating is urgent.
Net
zero is, in fact, the bare minimum required for Australia to have any
international credibility. But Morrison has landed a target that
points Australia’s carbon-intensive economy tentatively in the
direction of a necessary transition – and that really is a start.
It would be churlish to say otherwise.
But
sadly, that’s where our good news begins and ends. Morrison’s
so-called mid-century plan has very little substantive content.
It
really is extraordinary that we could spend the best part of a year
tracking towards Tuesday’s pre-Glasgow crescendo – and land with
a “plan” that is actually the status quo with some new
speculative graphs.
But
that’s exactly where we are. After the Coalition’s disgraceful,
destructive decade – measured substantively, looking at proposed
actions, not slogans – the government is still running to stay
still, without any obvious remorse, introspection, or regret.
Let’s
consider Tuesday’s omissions.
We
weren’t told how much Morrison’s grand bargain with the Nationals
will cost the country, either in dollars or in delayed ambition.…..
Could
we please see the modelling underpinning the whole exercise?
“Eventually,” the prime minister said, which schedules a release
sometime between now and never…….
The
concept the prime minister unfurled in the Blue Room at Parliament
House on Tuesday was a whole-of-economy transition achieved by
technology magic (with a safety valve of carbon offsets in the event
that tech is not quite as magical as hoped).
Australia’s
net zero strategy will be delivered by … wait for it … existing
policy.
…...But
Australia remains mired in the world of voluntary action, of carrots
not sticks, not because that is the right thing to do, but because
the Coalition remains a prisoner of its own weaponised nonsense, and
it won’t give up the nonsense entirely until it is certain that
telling the truth won’t cost it an election.
To
give him due credit, Morrison is starting to decouple his political
movement from the lies – the $100 lamb roasts and the Whyalla
wipeout. The crushing narrative of cost and delay is slowly morphing
in the direction of inexorability and opportunity.
But
if the Coalition were to change course radically, it would be
tantamount to an admission that a party of government in this country
has traded the national interest for a handful of regional Queensland
seats for the best part of a decade.
So
we are asked to amble in the direction of this transition, whistling
quietly to ourselves.......
Read the full article by The Guardian's political editor Katharine Murphy here.
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26
October 2021
Net
zero by 2050 welcome but taxpayer not business remains key driver
The
Carbon Market Institute (CMI) welcomes the federal government’s
commitment to net zero emissions by 2050 and looks forward to further
detail on the plan in addition to the slides presented at today's
press conference, but is disappointed that the taxpayer rather than
business will remain the main driver with $20 billion earmarked to
underwrite the transition.
CMI
noted that credits for climate action and offsets can provide
important assistance in a transition to net-zero emissions and that
Australia has credible systems of integrity and plans to expand them,
but we need to have integrity in climate, energy and economic
transition policy as well as integrity in the credits.
“While
the 2050 net-zero emissions target is welcome, it appears the plan is
a missed opportunity to use existing policies as a springboard to a
technology and market investment approach that would have business
not the taxpayer as the main driver of the plan”, said CMI CEO John
Connor.
“Net
zero by 2050 is the minimum entry ticket to the climate policy
credibility and alone won’t fend off potential carbon tariffs and
higher capital costs increasingly facing carbon intensive companies
and countries. That will require stronger 2030 commitments, not just
projections, and policies that enable business to take greater
responsibility and guide future decarbonisation investments.”
“A
policy that limits ambition to net zero by 2050 and positions the
taxpayer as the main driver of decarbonisation is also a missed
opportunity to fully leverage the investments and opportunities
arising from state government and business actions, and position
Australia as a leader in realising the opportunities of the
transition to net-zero emissions.”
“Australia
should be supporting 2030 emission reductions of at least 50% and
make them part of the currency of international climate and trade
negotiations, our nationally determined contributions (NDCs) under
the UNFCCC Paris Agreement. The failure to convert strengthened
emission reduction projections of up to 35% from 2005 levels
resulting from stronger business and government actions into an even
more ambitious NDC is a major missed opportunity.”
“Australia
has existing climate policies that could be used as a springboard to
increasing our ambition, including the federal government’s
Safeguard Mechanism should be strengthened to catalyse the market’s
transition to net zero emissions,” said Mr Connor.
The
Safeguard Mechanism sets carbon pollution limits for businesses
emitting more than 100,000 tonnes annually, but is currently
delivering extremely limited results. The CMI, alongside the Business
Council of Australia (BCA), is calling for Safeguard baselines to be
reduced over time, with enforceable incentives to invest in pollution
reduction. CMI’s recent survey revealed 79% of business
respondents support reducing pollution limits set via the Safeguard
Mechanism.
“CMI
has supported key elements of the Technology Roadmap and, in the
absence of policies to make business the main driver of emission
reduction initiatives, the taxpayer will need to step up. However
public investments, and the use of any offsets, should be aligned to
supporting the infrastructure and community transition assistance
needed to decarbonise by at least 50% by 2030 and reach net-zero
emissions by 2050.
“CMI
welcomes continuing government support for delivering natural and
geological carbon sequestration in Australia and the Indo-Pacific
region, we do have a world leading system of integrity in developing
credits for carbon reduction and offsets. However, we must also have
integrity in the transition and that requires a clearer pathway with
greater interim targets.
“Carbon
farming is already providing substantial additional revenue streams
for landholders and investment in regional Australia and there is
significant potential to expand its contributions but it should come
with a credible decarbonisation pathways and policies.
“The
federal government’s announcement today included little detail on
policy or modelling undertaken and many aspects of what was announced
are already known. We look forward to further clarity on its pending
update of the Technology Investment Roadmap and other dimensions of
its plans to address climate change and catalyse the inevitable
global transition to a net-zero emissions economy”, said John
Connor.
Distributed
by Medianet
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Australian Prime Minister Scott John Morrison,
26 October 2021:
“Australia's
plan to reach our net zero target by 2050. The Morrison
Government will act in a practical, responsible way to deliver net
zero emissions by 2050 while preserving Australian jobs and
generating new opportunities for industries and regional Australia….
The
Australian way. Australians want action on climate change. And so
do I. But they also don’t want their electricity bills to
skyrocket, the lights to go off, for their jobs to be put at risk or
for the way of life in rural and regional communities to be
sacrificed…..”
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
“Australia’s
Long-Term Emissions Reduction Plan: A
whole-of-economy plan to achieve net zero emissions by 2050”,
released
26 October 2021 can be found at:
https://www.industry.gov.au/sites/default/files/October%202021/document/australias-long-term-emissions-reduction-plan.pdf
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