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Tag Archives: Economy

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18 October 2016, Renew Economy, Abbott all over again? Coalition ramps up attack on renewables. The Coalition attacks against renewable energy in the last few weeks have reached their highest peak since the early days of the Abbott government, when the former prime minister hired a climate denying corporate leader to “review” the renewable energy target and try to have it scrapped. It managed “only” to reduce the target by around a third, but the uncertainty it created still succeeded in bringing the industry to a halt: so much so that since Abbott’s election in September 2013, only one large-scale project has escaped the snare – the 175MW White Rock wind farm that is being built by the deep-pocketed Chinese turbine manufacturer Goldwind. All other projects that have been, or are being built, with finance or grants from institutions that the Coalition has spent much of the past three years trying to dismantle, such as the Australian Renewable Energy Agency, or thanks to state-and territory-based targets (such as the ACT’s) that the federal government is now trying to destroy. The new campaign against state-based renewable energy targets – and the deployment of its most potent weapon, policy uncertainty – has reached a new intensity since the blackout in South Australia and the release of an independent report into Queensland’s 50 per cent renewable energy target for 2030. The Murdoch media have dutifully switched into relentless attack mode. The Courier-Mail ran three opinion pieces demonising the renewable target over the weekend, and The Advertiser in Adelaide and other Murdoch media have been full of anti-renewable commentary. The Australian mothership has followed suit, quoting the usual assortment of vested interests and Coalition politicians about what a disaster high levels of renewables would be. Read More here

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21 September 2016, Climate News Network, Dire climate impacts go unheeded. New scientific studies address lack of awareness of the adverse economic, social and biodiversity effects that climate change is already having. The social and economic impacts of climate change have already begun to take their toll – but most people do not yet know this. Politicians and economists have yet to work out how and when it would be best to adapt to change. And biologists say they cannot even begin to measure climate change’s effect on biodiversity because there is not enough information. Two studies in Science journal address the future. The first points out that historical temperature increases depress maize crop yields in the US by 48% and have already driven up the rates of civil conflict in sub-Saharan Africa by 11%. Economic growth Hot weather in future could slow global economic growth rates by nearly 0.30 percentage points per year. Almost as surprising, according to Solomon Hsiang, principal investigator in the Global Policy Lab at the University of California, Berkeley, is that nobody seems to be aware of these facts. “People get so used to hot days, since they happen all the time, that they never stop to consider that those days are costing them,” Professor Hsiang says. “But if people used different technologies or organised their lives differently to adapt to their climate, then we might be able to do dramatically better.” Read More here

 

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20 September 2016, The Guardian, Global trade deal threatens Paris climate goals, leaked documents show. Controversial Trade in Services Agreement (Tisa) could make it harder for governments to favour clean energy over fossil fuels as part of efforts to keep temperature rises to 1.5C. A far-reaching global trade deal being negotiated in secret could threaten the goals of the Paris climate deal by making it harder for governments to favour clean energy over fossil fuels, a leak of the latest negotiating text shows. The controversial Trade in Services Agreement (Tisa) aims to liberalise trade between the EU and 22 countries across the global services sector, which employs tens of millions in Europe alone. But a new EU text seen by the Guardian would oblige signatories to work towards “energy neutrality” between renewable energy and fossil fuel power, although amendments proposed by the EU would exempt nuclear power from this rule. The document, marked “limited distribution – for Tisa participants only”, would also force member states to legislate against “anti-competitive conduct” and “market distortions” in energy-related services. This is viewed by campaigners as code for state support for clean power sectors, such as wind and solar. A right to regulate is explicitly mentioned in the paper, but governments would first have to prove the necessity for regulations that legally constrain multinationals. The same clause was used in the World Trade Organisation’s Gatt and Gats treaties which entered into force in 1995, and led to 44 complaints by multinationals via their governments. Of these, 43 were upheld. Read More here

 

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19 September 2016, The Guardian, Adani Carmichael coalmine faces new legal challenge from conservation foundation. Foundation appeals against ruling that endorsed mine’s approval by the commonwealth. The Australian Conservation Foundation has renewed its legal challenge to Adani’s Carmichael mine, appealing against a federal court ruling that endorsed its approval by the commonwealth. The ACF on Monday lodged an appeal against last month’s decision, which found the then federal environment minister, Greg Hunt, was entitled to find the impact on global warming and the Great Barrier Reef from the Queensland mine’s 4.6bn tonnes of carbon emissions “speculative”. The president of the ACF, Geoff Cousins, said Australia’s national environment protection laws were “broken” if the minister could approve “a mega-polluting coalmine – the biggest in Australia’s history – and claim it will have no impact on the global warming and the reef”. “If our environment laws are too weak to actually protect Australia’s unique species and places, they effectively give companies like Adani a licence to kill,” Cousins said. “Be in no doubt, Adani’s Carmichael proposal is massive and will lock in decades of damaging climate pollution if it goes ahead, further wrecking the reef. “The science is clear that we can have coal or the reef – but we can’t have both.” Read More here

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