Tag: Australian economy

Business Council of Australia backs Zali Steggall’s climate change bill for 2050 net zero target

Group hails ‘science-based, risk-management’ approach as world heads towards net zero emissions A business group representing mining, retail, manufacturing, banking and energy bosses has formally backed climate change legislation proposed by the independent MP Zali Steggall, saying Australia needs to set a net zero emissions target for 2050 and lay out a path to get […]

Who should pick up the tab for the costs of climate change in north Queensland? | Richard Denniss

As climate risks continue to rise, the government is considering the idea of subsidising north Queensland homeowners Is it fair that young men pay more for car insurance than older women, or that we make young healthy people buy private health insurance to keep the price of health insurance low for older customers? How about […]

Federal resources minister insists inquiry into banks’ decision to abandon thermal coal will go ahead

Committee has delayed decision after some Liberals criticised proposal but Keith Pitt says it should ‘do its job’ The federal resources minister, Keith Pitt, has warned parliament’s joint standing committee on trade and investment growth to “do its job” after the group deferred a decision on whether to conduct a controversial inquiry into the climate […]

The coming recession is the best reason to step up the pace of renewables investment | Frank Jotzo

It will not do to wait until the next power plant announces its closure. Building alternative infrastructure should start now The Covid-19 recession will bring fiscal stimulus on a massive scale. There are high hopes that the recovery will be green but it could be an uphill struggle. A big opportunity for Australia’s governments is […]

Australian CEOs must rupture the political stagnation to lead the charge on climate action | Sam Mostyn

Zali Steggall’s bill is pragmatic and responsible and a goal we can all work towards to reduce our carbon emissions The unprecedented, devastating bushfires that engulfed Australia – from even before our summer began – have forever disrupted our usually laconic and relaxed memories of Christmas and New Year. Those memories are instead marked by […]

Coalition’s axing of funding to climate change adaptation body condemned

National Climate Change Adaptation Research Facility funding was discontinued in 2017, while Scott Morrison was treasurer The Coalition’s decision to axe funding to a climate change adaptation research body in 2017 has left Australia “not well positioned” to deal with fires, the “silent killer” of drought and other global heating impacts, its director has said. […]