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View this week's offering from Eureka Street's award winning political cartoonist.
The Norwegian Parliament has just ordered its $A1.15 trillion Sovereign Wealth Fund to divest from coal. This represents the largest single divestment from fossil fuels in human history, and our biggest sign yet that the age of coal is over and the financial case for investing in fossil fuels is likely to disintegrate. Australia will crash and burn both economically and morally if we do not follow suit.
Most people think that the effects of climate change as dire but far off. I don't have that comfort. My seafarer father plays a role in generating wealth for miners who then use it as a means to influence politicians - coal, industrial salt, iron ore. I am deeply aware that my government is committed to doing as little as possible to address climate change and its lack of a coherent, internationalist policy in Australia costs countries that are climate change-vulnerable, including where my family lives back in the Philippines.
The Greens' leadership transition is seen as a switch from hard-line ideology to political pragmatism. Previous Greens leaders have been fond of judgmental rhetoric, somewhat foolishly referring to those in the high-level carbon emitting legacy industries as 'polluters'. Perhaps Richard Di Natale will give such counter-productive personal abuse a rest. Showing mercy to the polluters' may yield surprising turnarounds such as AGL's recent moves from coal to solar energy.
After years of writing pain-at-the-pump puns, journalists are giddy at the prospect of prices heading south for once. The low price is a boon for motorists and regional tourism operators. But it won't change the face that we've hit 'peak car' and are driving less. Young people now prize access over ownership.
It is no coincidence that Pope Francis chose to visit the Philippines before he releases his encyclical on the environment, and that he made a point of visiting Tacloban, which was ground zero for super typhoon Haiyan. This follows the recent UN climate talks in Lima, where Australian negotiators so regularly blocked consensus that they won us the 'colossal fossil' award for 2014 from environmental observers.
Jacqui Lambie has resigned from the Palmer United Party, apologising to the nation for weeks of acrimonious sniping and instability in parliament. We can understand the hostility of the major parties, and even the Greens, to independent and PUP senators who took office mid-year. But it is not in their self-interest to try to exploit differences and to weaken and destabilise the newbie senators.
Abbott's best G20 moment was his closing media conference, where he gave an outlined the meeting's achievement of a 2.1 per cent global economic growth plan over the next few years. But on two important matters – climate change and Ebola - the dynamic of the meeting got out of his control and produced outcomes clearly not to his liking. Abbott's counter-strategy – quite successful in retrospect – was to set media hounds running to the side-drama of Vladimir Putin.
The Murdoch press was reporting on Friday that Australian warships had been dispatched to 'intercept' the Russian flotilla 'steaming towards the G20 summit in Brisbane'. Serious heads needed to prevail for the G20 to maintain its relevance and Australia its credentials to host important events that do not concern sport. The Brisbane G20 had an opportunity build on the climate change action momentum established at APEC, or yield to the new climate deniers who don't accept that renewable energy is also good for economic growth.
There has been an avalanche of divestment, including from the Rockefellers and the ANU, as they discern a lack of concern for environmental, social and governance issues. Shareholders attending Wednesday’s Commonwealth Bank AGM will hear a resolution requesting more transparency about the bank’s fossil fuel investments. But the bank’s response can seem like a game whose rules only become clear to its participants as they play it. Banks and other powerful organisations can still exploit any lack of clarity.
From 1 January 2015, China will ban the import of coal with high ash or sulphur content and impose a three per cent tariff on all coal imports. In the muddle of politics and policy, we have a concrete example of worsening environmental conditions forcing policy makers to act. Australia's economy propped up by coal exports, but it's also time to think beyond the specific implications of China’s proposed restrictions.
We created the robots to make our lives easier. Before we knew what was happening the robots had transformed our world. Each day people go about their business, feeling unhappy but unable to name the source of that dissatisfaction.
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