3 June 2015, Renew Economy, Renewable Energy Target bill moves to Senate, with promise of debate over wood waste: The political debate over Australia’s renewable energy target will now move to the Senate, after legislation paring back the target from 41,000Gwh by 2020 to 33,000GWh was passed through parliament’s lower house…Federal Labor yesterday introduced an amendment to the RET bill to have the burning of native wood waste for energy excluded from the legislation, for the reason that it was neither clean nor renewable. “When in Government, Labor opposed its inclusion in the legislation and we oppose it in Opposition,” Butler said in a statement. Excluding it from the target, said, provided for large-scale solar and wind farms to be built to achieve the target of 25 per cent of Australia’s energy generation from renewable sources by 2020. Read More here
Category Archives: Australian Response
27 May 2015, Renew Economy, Garnaut: Cost of stranded assets already bigger than cost of climate action. This is one carbon budget that Australia has already blown. Economist and climate change advisor Professor Ross Garnaut has delivered a withering critique of Australia’s economic policies and investment patterns, saying the cost of misguided over-investment in the recent mining boom would likely outweigh the cost of climate action over the next few decades. Read More here See Prof. Ross Garnaut’s full submission here
Federal Budget 2015 – environment experts react: Environmental and energy issues did not feature heavily in the Budget, although there was a A$400 million total package of assistance for drought-stricken farmers (particularly relevant in the week that the Bureau of Meteorology called an El Niño), as well as an extra A$100 million in funding for the Reef Trust, aimed at safeguarding the Great Barrier Reef. Below, our experts react to the budget’s environmental and energy measures. Read More here
Budget brief: what’s in the budget on climate change and renewables? Not much was announced in last night’s budget on climate change and renewable energy. However, a total of A$400 million was announced for drought assistance and tax breaks for farmers to implement water infrastructure, which could become increasingly necessary given we are seeing possibly the biggest El Niño – a phenomenon often linked to drought in Australia – since 1997-98. Although not badged as such, this could be considered as climate-related finance to deal with increasingly extreme drought, and flood, climatic conditions in Australia. ….Unfortunately, the rest of the budget doesn’t show much change in the current rate of climate change investment. Read More here