Antinuclear

Australian news, and some related international items

Morrison govt plans to direct climate action measures to promote coal industry

Coalition reveals new emissions reduction measures, including paying polluters to stay under cap
Morrison government also plans to allow businesses to bid for carbon capture projects via the $2.55bn emissions reduction fund 
Guardian  Adam Morton Environment editor @adamlmorton 19 May 2020
Big polluters will be able to earn revenue by emitting less than their allocated limit under new emissionsThe Morrison government has promised new measures to reduce greenhouse gas emissions, including introducing an incentive scheme to allow big industrial polluters to earn revenue by emitting less than an agreed limit.

It also plans to allow businesses to bid for funding from its main climate policy, the $2.55bn emissions reduction fund, for projects that capture emissions and either use them or store them underground.

Angus Taylor, the energy and emissions reduction minister, said the government had agreed to 21 of 26 recommendations in a review headed by former Business Council of Australia president Grant King, who was charged with coming up with new ways to cheaply cut emissions.

The appointment in October of the panel of business leaders and policy experts was not publicly announced, and was seen by observers as an effective concession the emissions reduction fund, now rebadged as a climate solutions fund, was failing to cut national pollution………

Recommendations agreed by the government included allowing carbon capture and storage projects to qualify under the fund, a step the government said it had began consulting with industry on last month.

In a shift likely to be criticised by clean energy advocates, the government gave in-principle support for two agencies, the Australian Renewable Energy Agency (Arena) and the Clean Energy Finance Corporation (CEFC), to be given a “technology neutral remit” to support “the widest possible range of technologies that reduce emissions”. The Greens previously accused the government of planning changes to the CEFC to allow it to fund more fossil fuel projects……

Recommendations agreed by the government included allowing carbon capture and storage projects to qualify under the fund, a step the government said it had began consulting with industry on last month.

In a shift likely to be criticised by clean energy advocates, the government gave in-principle support for two agencies, the Australian Renewable Energy Agency (Arena) and the Clean Energy Finance Corporation (CEFC), to be given a “technology neutral remit” to support “the widest possible range of technologies that reduce emissions”. The Greens previously accused the government of planning changes to the CEFC to allow it to fund more fossil fuel projects…….https://www.theguardian.com/environment/2020/may/19/coalition-reveals-new-emissions-reduction-measures-including-paying-polluters-to-stay-under-cap

May 19, 2020 - Posted by | AUSTRALIA - NATIONAL, climate change - global warming, politics

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