Tag Archive for 'Garnaut'

Guy Pearse coming to Brisbane and Canberra

He’s already been to Melbourne and Sydney, sorry, but Guy Pearse is coming to Brisbane on Thursday, 26 March and Canberra on Wednesday, 1 April to discuss his Quarterly Essay, Quarry Vision: Coal, Climate Change and the End of the Resources Boom

Details of times, places, how to book (please note the small fee in Brisbane) are here.

Continue reading ‘Guy Pearse coming to Brisbane and Canberra’

Guest Post by Miriam Lyons: What does an Obama win mean for Australia?

Director of the Centre for Policy Development Miriam Lyons writes:

Barack Obama’s victory represents a watershed in American history, but it will also have ramifications around the world. Before I head out to celebrate I thought I’d just bash out a few quick notes on some of the policy implications for Australia of this momentous turnaround in the state of US politics:

Climate change

Today’s election result heralds the rise of Green Keynesianism. The US economy is in the toilet and smart economists are advocating direct investment over a more consumer-based fiscal stimulus. Democrats in Congress got a head start last year with the Green Jobs Act, and elements of the President-elect’s energy and environment policies look a lot like a ‘Green New Deal’. This from Time Magazine:

He wants to launch an “Apollo project” to build a new alternative-energy economy. His rationale for doing so includes some hard truths about the current economic mess: “The engine of economic growth for the past 20 years is not going to be there for the next 20. That was consumer spending. Basically, we turbocharged this economy based on cheap credit.” But the days of easy credit are over, Obama said, “because there is too much deleveraging taking place, too much debt.” A new economic turbocharger is going to have to be found, and “there is no better potential driver that pervades all aspects of our economy than a new energy economy … That’s going to be my No. 1 priority when I get into office.”

Calls for a Green New Deal are also starting to gain traction in the UK – and the UN. This can only help the chances of Australia’s version of the Apollo alliance, which released the ‘Green Gold Rush’ report last week calling for investment in green-collar jobs growth.

The Obama campaign’s target for emissions cuts was 80% by 2050 – a fair way ahead of Oz Labor’s as-yet-unaltered election promise of 60% by 2050. With the Arctic ice-sheet melting rapidly even an 80% target is too low for a developed country like the US, but it should certainly give Professor Ross Garnaut reason to revise his pessimism about the likely outcome of the Copenhagen round of climate negotiations. It’s worth noting that the Obama campaign’s climate and energy platform specifically called for 100% auctioning of permits.

Continue reading ‘Guest Post by Miriam Lyons: What does an Obama win mean for Australia?’

ETS White Paper already?

Only three weeks after the official close of submissions (many businesses asked for an extension) it looks like we might see a White Paper as soon as the 3rd of October. This suggests the government has a clear idea of the short-medium term trajectories they want to pursue. If the volume of shrill, anti-innovative blackmail sentiment is anything to go by, my guess is that we’ll see yet another ETS that doesn’t do a lot of, well, Carbon Pollution Reducing.

Elsewhere: Peter Browne writes at APO:

A new [previously reported by Mark] analysis of the attitudes of people who swung to Labor at last year’s election suggests that acting to reduce climate change can be a vote winner – in fact, according to the data, it might be the vote winner. In two quite different surveys [including one where "young people were under-represented in [the] sample”], the single most important issue nominated by vote-changers was global warming. In both cases, it rated ahead of the other issue generally regarded as a vote-changer, industrial relations.

How to live with emissions?

WorleyParsons’ PR coup last week indicated a thirst for big interventions into an otherwise rather bleak energy policy landscape1. The ~$100k feasibility study regurgitated by the MSM (and analysed by Robert here) was, as Brian alluded to, chump change from their handsome profiteering from Canada crapping all over its Kyoto commitments under the Harper Government. It remains to be seen whether WP actually capitalises on its good press and goes ahead with the projects, or simply banks the warm and fuzzies and continues its search for business opportunities elsewhere. If the projects do progress beyond the speculative phase, it would raise some interesting questions around the diversification of a business like theirs into solar (rather than, for example, consolidating its interests in various carbon intensive fields). Continue reading ‘How to live with emissions?’

  1. Two particular stories stand out: (1) Australia’s main carbon capture collective, CO2CRC, flagged the need for an additional $300m to keep the ball rolling on their research; and, (2) In a move which underlines their uninsurability, Parliament moved on legislation to protect Carbon Capture and Storage projects should they leak (or damage lifeforms we have little to no understanding of) ↩[back]