Australian news, and some related international items

Australia a top G20 leader in subsidising the coal industry

Australia leads the G20 nations’ pack in aid for coal-fired power, SMH Peter Hannam, June 25, 2019 Subsidies for coal-fired power production almost tripled in the three years to 2016-17 among G20 nations, with Australia providing among the largest support, an international study has found.The report by UK think tank, the Overseas Development Institute, found aid for such power stations soared from US$17.2 billion ($24.7 billion) in 2013-14 to $US47 billion in the most recent year. It’s in contrast to pledges made by the 20 biggest economies in 2009 to phase out subsidies to reduce the risks of climate change……

The highest amounts of total support to coal consumption were identified in Indonesia at US$2.3 billion per year, Italy and Australia, both about US$870 million, the US at US$708 million, and the UK with US$682 million, it reported.

“These tens of billions of dollars a year of G20 support to coal are not just locking in the high-carbon
economy and leading to stranded assets, they are also a missed opportunity to support a clean energy transition and to achieve other sustainable development objectives,” the study said……

‘Ecological crisis’

Jamie Hanson, head of campaigns at Greenpeace Australia Pacific, said Australia was in an “ecological crisis driven by climate change”.

“Coal is the primary cause of the climate damage that is causing extinctions all over the country, drought and fire that has torched ancient rainforests, and that has killed half the Great Barrier Reef in the last five years,” he said.

“Climate-destroying government handouts to the coal industry defy all logic – especially now, when we know that clean renewable energy is the cheapest form of new power.”

Separately, Australia’s climate ambassador Patrick Suckling has argued at a United Nations conference in Bonn, Germany that the country’s carbon reduction efforts were “having a positive effect”.

June 27, 2019 - Posted by | AUSTRALIA - NATIONAL, climate change - global warming, politics

1 Comment »

  1. […] Australia a top G20 leader in subsidising the coal industry — Read on […]


    Pingback by Australia a top G20 leader in subsidising the coal industry – Climate Action Australia | June 27, 2019 | Reply

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