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The government’s Powering Australia Plan promises renewable energy and net-zero emissions by 2050. However, analysts warn that there is little change in the economic and bureaucratic structures that support the fossil fuel industry. Unless Australia finds a way to prosper sustainably, the country will continue to benefit from emissions while the rest of the world suffers.
Financial markets are made up of human beings and human beings have always been storytellers — long before science, or modern finance, or accounting even existed. Accordingly, the main skill of successful analysts, advisers, financial gurus and commentators is the construction of compelling narratives. They are, if not exactly creators of fairy stories, not too far removed from it.
In July this year the UN ranked Australia dead last out for climate action out of more than 170 countries surveyed. Yes, our federal government’s climate policies are literally the worst in the world. But while Australia is a global laggard in reducing pollution, we’re something of a leader in covering up this failure and getting away with it.
While the federal government has set a zero net emissions target by 2050, along with the states and territories and local councils in some areas, the steps that are taken to get there are vitally important. Yet there seems to be no signs of a rapid move away from fossil fuels.
Unfortunately, when it comes to limiting our emissions there’s no silver bullet, and there’s unlikely to be one before we hit an increase of 1.5 degrees. However, scientists do say that we already have all the technology we need to get to net-zero. What we don’t have is the political willpower.
The Liberals and Nationals have to find a way forward that balances the interests of their supporters with serving the national good. Old arguments and ideological stands need to be re-examined. The PM needs to enable a real debate.
Toxic air, dwindling water supplies, extreme heat: it's bleak stuff. And yet, on Sunday, COP25 finished with very little progress. Our planet will warm to +3C or higher, unless we also do something about the vested interests that continue to profit from our demise. And they aren't going to give up their power (or profits) just because we ask nicely.
Miners are not the enemy. In fact, those who once worked in mining are key to implementing change. After all, renewable energy isn't going to build and maintain itself. Our coal-fired power stations are starting to reach the end of their life cycle, and many countries are rapidly divesting from coal. We owe it to our nation’s workers to plan for the future.
The problem with the discussion about nuclear energy is that it is a distraction; an ideologically driven misdirection by those who are more concerned with opposing renewables and the 'green-left' than solving our country's energy problems. Nuclear just doesn't make sense for Australia at this stage of the game.
When discussing climate change, it's easy to depict the world's reliance on fossil fuels as primarily a technological problem, to be resolved by new methods for harnessing renewable energies. But that's only part of the story, as the example of Saudi Arabia shows.
These projects support a shift towards a circular economy — one that encourages us to reduce our consumption of resources and our waste by re-using, swapping, and growing our own. They also bring communities together, build resilience, and develop the kind of trust and reciprocity that is fundamental to meaningful action.
By setting the boundaries of what is considered politically acceptable, Tony Abbott has influenced the level of ambition in every party's climate policy, and has even caused environment groups to shift their positions. How has he manage to wield so much influence for so long? There are three reasons he cut through when Labor didn't.