Essays by Eric Worrall
Between Energy prices skyrocketed and gas shortage in the countryThe Australian government congratulated itself for missing its first emissions target.
Federal government makes first ‘climate change statement’, but still falls behind emissions targets
By national science, technology and environment reporter Michael Slezak
Main attractions:
- The Government on Thursday released Australia’s first annual climate change statement
- It also released an emissions forecast report, which is part of the new Australian Climate Change Act
- Scientists say that to help stop global warming, Australia should cut emissions by around 74% by 2030.
The Albanese government says that despite falling short of its promised target of a 43 per cent reduction in emissions by 2030, Australia is on track to achieve a 40 per cent reduction.
Energy and Climate Change Secretary Chris Bowen said: “I am pleased with what the government has achieved.
“Satisfied, but not satisfied…a lot of work to do.”
…
The government also took independent advice from the Climate Change Agency, which Mr Bowen said indicated the level of effort needed to reach the 43% target.
To achieve a reduction of 43 percent by 2030 and zero by 2050, “a decarbonization rate requires at least 17 million tonnes of carbon per year,” the report said.
That would require a 40 percent faster rate of decarbonization than has happened since 2009, Mr. Bowen said.
…
Read more: https://www.abc.net.au/news/2022-12-01/climate-change-statement-emissions-target/101721014
To be fair, the Australian Federal Government plans to curb price escalation during their planned coal and gas shutdown – the latest news is Australian Federal Government plans to impose price ceilings on fossil fuels supplier.
Price caps can have a serious negative impact on investment and availability. President Nixon famously imposed a 90-day ceiling on gas prices in 1971. The result was a catastrophic multi-year decline. The price ceilings were finally removed by President Reaganwas one of his first acts as President.
Australia’s political leaders have not explained why they believe their price ceiling will work, why this time it will be different.
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