Australia Climate change carbon emission 2030 goal: Anthony Albanese's plan could fail as bills soar
Not waving, drowning
Australia is 1.47C hotter now than it was in 1910 with extreme weather only going to get worse, a new report has warned, and interest rates are likely to have reached 3.1% by December.It comes as the government announced it was adding $500 million to the Clean Energy Finance Corporation — the money will help commercialise renewable energy, improve efficiency and fund new clean technology. Speaking of big climate bucks, Fortescue Metals Group says its executives won’t get big bonuses unless they meet the mining giant’s emissions reduction targets, The New Daily reports. Billionaire executive chairman Andrew Forrest says it’s all part of the ambitious plan to be net zero by 2030.
A government department has cast doubt on Prime Minister's goal of reducing carbon emissions by 43 per cent by 2030.
Labor, with support from the Greens, in September passed legislation honouring itselection promise.
But just three months later, the Department of Climate Change, Energy, the Environment and Water has suggested that plan to reduce carbon emissions by 43 per cent by 2030, compared with 2005 levels, would unlikely to be reached.
Its modelling suggested that even with additional measures to cut greenhouse gas emissions, carbon pollution by 2030 would only fall by 40 per cent.
Brisbane battler mum slams Anthony Albanese over GQ Man of the Year awards appearance
A Brisbane battler has lashed out at the PM after he travelled up from Canberra during a parliament sitting week to attend an awards night in Sydney.Danni Cox, 45, became homeless for the first time in her life earlier this year when she was evicted from her rental property in Beenleigh, south of Brisbane, after the landlord told her he was planning to renovate and sell up.
Without extra policy changes to encourage more renewable energy, carbon emissions by 2030 would fall by 32 per cent.
Climate change goals and likely reality
2030 TARGET: 43 per cent reduction by 2030 with carbon emissions falling to 354 mega tonnes
BASELINE PREDICTION: 32 per cent reduction by 2030 with carbon emissions falling to 425 mega tonnes without new green policies
ADDITIONAL MEASURES: 40 per cent reduction by 2030 with carbon emission falling to 371 mega tonnes
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This baseline scenario factored in new policies to scrap import tariffs on electric vehicles, make public servants drive EVs, and fund community solar batteries.
The department said most of the reduction in carbon emissions would be the result of federal and state government programs to boost solar electricity generation.
'From 2020 to 2030, most of the decline in emissions is projected to come from the electricity sector due to strong uptake of renewables supported by federal, state and territory policies,' it said in a.
Carbon emissions were expected to rise as more Australians used their car following the end of Covid restrictions and farmers restocked cattle after the drought.
National Greenhouse Gas Inventory data showed transport emissions rose by 3.2 per cent in the June quarter of 2022.
The departmental report was more optimistic about reducing carbon emissions beyond 2030, predicting a 38 per cent reduction by 2035 under a baseline scenario and 48 per cent by 2035 with 'additional measures'.
Anthony Albanese farewells The Project's Carrie Bickmore
Australian Prime Minister Anthony Albanese came forward to praise Carrie Bickmore on Wednesday during her last appearance on The Project. Carrie, 41, appeared to be deeply moved as the PM offered a touching farewell tribute, which he delivered live via video link.The Prime Minister gushed with sincerity as he told an emotional Carrie how much her work on the Channel 10 panel show had meant to viewers.
Australia has a goal of reaching net zero carbon emissions by 2050, which both sides of politics support.
More ambitions renewable energy targets have meant power companies have brought forward plans to close down coal-fired power stations, from Eraring near Newcastle in 2025 to Bayswater in the Hunter Valley by 2033 and the Collie in Western Australia by 2027.
This would reduce the baseload supply of electricity, making higher electricity bills more likely until more homes were connected to renewable energy grids.
Labor went to the election vowing to slash average power bills by $275 by 2025, despite knowing the implications of Russia's Ukraine war on global energy markets.
The plan appeared to come unstuck in the October Budget when Treasury forecast electricity bills would rise by 56 per cent in 2022 and 2023.
Labor's 'Powering Australia's promises were last month removed from its websites.
Albanese government releases first 'climate change statement', but remains behind on emissions targets
The Albanese government says it is on track to achieve a 40 per cent emissions reduction by 2030, which falls short of its projected target of 43 per cent."I'm pleased with how much the government has achieved," said Climate Change and Energy Minister Chris Bowen.
Before Labor came to power, the Australian Energy Market Operator in April noted annual wholesale prices had more than doubled to $87 in the March quarter - rising by 141 per cent in a year.
Anthony Albanese breaks silence over Covid diagnosis .
The Prime Minister was forced to delay the face-to-face talks at a dinner with leaders at Kirribilli House after he tested positive following a routine PCR test on Monday. On Tuesday morning, the Prime Minister's office confirmed the meeting would now take place virtually on Friday after he assured he was 'doing OK'. 'I'm not 100 per cent obviously but I´m doing OK... I'm isolating while I have symptoms, which is what the health advice is,' he told ABC Radio Melbourne.It's the leader's second bout of Covid. He famously contracted the virus for the first time while on the campaign trial in May.