australia economy

an australia institute analysis found higher climate targets had, at most, ‘a very small impact on gdp growth compared to no action’

Climate modelling used to attack Labor policies a ‘complete outlier’, analysis finds

Modelling by BAEconomics that has been used to attack Labor’s climate policies is a “complete outlier” according to an analysis of more than 20 other recent modelling exercises on the effect of higher climate targets on the economy and electricity sector.

australian greens leader richard di natale (left) with climate spokesman adam bandt

Greens blast key part of Labor’s climate policy as ‘fake action’

The Greens are positioning to torpedo a key element of Labor’s new climate policy in the event Bill Shorten wins the federal election in May, telegraphing strong opposition to heavy polluters using international permits to meet their emissions reduction targets.

the greens’ new climate and energy policy lays down markers for the bartering that could play out after the federal election

Greens set 2030 cut-off for coal exports and coal-fired power stations

The Greens will propose 2030 as the cut-off point for thermal coal exports, and the shutdown date for Australia’s fleet of coal-fired power stations, in the party’s new climate and energy policy heading into the federal election.

erm power founder trevor st baker

Coal baron and LNP donor blasts RBA for sounding alarm on climate change

The coal baron and Liberal National party donor Trevor St Baker has blasted the Reserve Bank deputy governor, Guy Debelle, for sounding the alarm on climate change, branding a significant speech on Tuesday warning of risks to Australia’s financial stability “totally inappropriate”.

reserve bank of australia deputy governor guy debelle

Climate change poses risk to Australia’s financial stability, warns RBA deputy governor

As a debate over coal and energy fractures the Morrison government, Guy Debelle warned a forum hosted by the Centre for Policy Development on Tuesday that climate change created risks for Australia’s financial stability in a number of different ways.

scott morrison’s ‘climate solutions fund’ will partner with farmers, local governments and businesses to deliver ‘practical climate solutions’

Scott Morrison to reboot Tony Abbott’s emissions reduction fund with $2bn

The emissions reduction fund is a vestige of Abbott’s heavily criticised Direct Action policy. Funded by taxpayers initially at $2.5bn, the ERF pays farmers and businesses to cut carbon dioxide pollution to below what it would otherwise be. But an investigation by Guardian Australia last year found it was often difficult to determine if the fund was offering value for money.

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