Essays by Eric Worrall
Australia made $100 billion from coal exports this year – but the Australian government still wants others to pay for the green energy transition.
Australia urges World Bank to step up climate action efforts
By Jorge Branco 7:33 am on November 16, 2022
Climate change minister, pastor Chris Bowen criticized several financial institutions for not doing enough to combat climate change, and called on the World Bank to “wholeheartedly” commit to its mandate.
Top of Australia first delegation United Nation climate summit since laborwinning the election, he declared the country “has returned as a constructive, active and willing climate collaborator.”
In his country statement ahead of COP27 in Egypt, Bowen re-committed to Australia on the goal, agreed at COP26 in Glasgow last year, of keeping global warming as close to 1.5 degrees as possible. maybe.
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This is the first year Australia has earned A$100 billion from coal exports, enough to pay for a large portion of the UN’s $100 billion climate fund on its own.
Record trade surplus of $43.1 billion as coal exports boom
Michael reads reporter
September 6, 2022 – 12:56 pmAustralia recorded a 13th consecutive current account surplus after a boom in coal prices led to a record $43 billion trade surplus.
Strong growth in export volumes means Australia’s improved trade balance will contribute 1 percentage point to Q6 GDP growth, to be released on Wednesday.
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The Australian Bureau of Statistics, acting head of international statistics, Grace Kim, said annual coal exports exceeded $100 billion for the first time.
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Read more: https://www.afr.com/policy/economy/record-43-1b-trade-surplus-as-coal-exports-boom-20220906-p5bfrp
My point is, Australia asking everyone else to pay for the renewable energy transition is absurd, while Australia is sitting on such a huge profit from coal exports.
I want all that money to be kept and spent in Australia on useful things, such as dam reclamation projects to prevent a repeat of the devastating floods that affected New South Wales this year. New South Wales is our most populous state.
But if anyone is going to pay for the global green energy transition, it has to be a country with talkative politicians who are making huge profits from coal exports.
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