It’s not worth wiping out a species for the Yeelirrie uranium mine
SBS, BY GAVIN MUDD 26 Apr 19, Like the rest of the Western Australian outback, there’s a wonderful paradox where the land appears barren, but is, in fact, rich with biodiversity – and animals are under threat of extinction if the mine goes ahead. The Western Australian outback may look bare at first glance, but it’s teeming with wildlife, often beneath the surface.
The Tjiwarl Traditional Owners have fought any uranium mining on their land for the last 40 years, and the decision by the government wasn’t made public until the day before Anzac Day……..
This region is home to several of Australia’s deposits of uranium and not only holds cultural significance as part of the Seven Sisters Dreaming Songline, but also environmental significance. If the mine goes ahead, groundwater levels would drop by 50cm and wouldn’t fully recover for 200 years. And 2,422 hectares of native vegetation would be cleared.
I visited the site 16 years ago and, like the rest of the Western Australian outback, there’s a wonderful paradox where the land appears barren, but is, in fact, rich with biodiversity.
Native animals living in underground water, called stygofauna, are one such example of remarkable Australian fauna that aren’t obvious at first glance. These animals are under threat of extinction if the Yeelirrie uranium mine goes ahead.
Stygofauna are ecologically fragile
Most stygofauna are very tiny invertebrates, making up species of crustaceans, worms, snails and diving beetles. Some species are well adapted to underground life – they are typically blind, pale white and with long appendages to help them find their way in total darkness.
n 2016, the Western Australian Environmental Protection Agency (EPA) advised against building the Yeelirrie uranium mine because it would threaten the stygofauna species there, despite the proposed management strategies of Cameco Australia, the mine owner.
Stygofauna are extremely local, having evolved in the site they’re found in. This means individual species aren’t found anywhere else in the world. EPA chairman Tom Hatton said:
Despite the proponent’s well-considered management strategies, based on current scientific understanding, the EPA concluded that there was too great a chance of a loss of species that are restricted to the impact area.
And to get to the uranium deposit, the miners need to dig through the groundwater, a little like pulling the plug in the middle of the bathtub. Stygofauna have adapted to living at different levels of the water, so pulling out the plug could dry out important parts of their habitat.
Stygofauna are also susceptible to any changes in the chemistry of the groundwater. We simply do not know with confidence what mining will do to the groundwater chemistry at Yeelirrie in the long term. Various wastes will be backfilled into former pits, causing uncertainty for the welfare of surrounding stygofauna.
The approval conditions suggest that the mine should not be allowed to cause extinction – but if this does happen, nothing can be done to reverse it. And there would be no penalty to Cameco either – which has said it can’t guarantee such a condition can be met………..https://www.sbs.com.au/news/it-s-not-worth-wiping-out-a-species-for-the-yeelirrie-uranium-mine
The Adani coal mine is a test of Australia’s environmental intelligence – Bob Brown
Adani an Australian litmus test: Bob Brown, SBS, 24 Apr 19, Former federal Greens leader Bob Brown is leading a convoy of people opposed to Adani’s planned coal min the Queensland’s Galilee Basin.
The Adani coal mine is a test of Australia’s environmental intelligence and its capacity to grasp the dire effects of climate change, former Australian Greens leader Bob Brown says. The ex-Tasmania senator leaves Brisbane on Tuesday at the head of his Stop Adani Convoy bound for Queensland’s coal country, where he expects a warm welcome from communities fearful of job losses due to the destruction of the Great Barrier Reef, which is vulnerable to climate change. The convoy, which aims to derail Adani’s plans for a new coal mine in the Galilee Basin, drew thousands of people to a protest in Brisbane on Monday. Mr Brown says he expects a similar response as the convoy heads to coastal communities near existing coal mines. “I’ve been to Airlie Beach quite recently. People up there are terrified about burning coal because it’s threatening 64,000 jobs on the Great Barrier Reef,” Mr Brown told ABC radio on Tuesday. “This is not some sort of doom and gloom. The reef is half dead. And a major factor in that is the burning of coal.” Mr Brown said many Australians understood the inherent harm in allowing an overseas company to dig up Australian coal and sell it for use overseas, especially when Australia could be a world leader in renewable energy. “Adani is a litmus test on whether we’ve got the God-given intelligence as a nation, and as a people, to move to renewables,” he said. “We should be phasing out coal, and that, of course, means you don’t phase it in for somebody else.”……. The convoy, which left Hobart about a week ago, is heading north. An event to mark the end of the Queensland leg will be held in the farming and mining town of Clermont on April 28. https://www.sbs.com.au/news/adani-an-australian-litmus-test-bob-brown |
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Adani coal mine expansion has become a decisive issue for Queensland’s marginal seats
Adani mine stymies battle for Queensland’s marginal seats, SBS News, 24 Apr 19, Both major parties are battling against opposition to the Adani mining project in Queensland’s marginal seats. Coal has become a divisive and decisive issue in the federal election campaign, again being highlighted as Bob Brown’s anti-Adani convoy makes its way north through Queensland.
Support for the mine has put key marginal must-win seats in the central and north Queensland coal belt at stake for both parties while they also try on satisfy anti-Adani sentiment south of the border.Campaigning about climate change ahead of coal mining jobs is a tough sell in the Queensland city of Townsville.Jobs are top of mind for many voters in the Labor-held seat of Herbert in Townsville. “It’s more important we have jobs for our children,” one voter said. Another echoed the sentiment: “It’s a good opportunity for jobs for the people, but I don’t know about climate change.” The Indian-owned coal mine and rail project in the Galilee Basin has become synonymous with climate change. Wendy Tubman from the Stop Adani Townsville group said she believes voters will discover that Adani project’s promise of jobs won’t save the city. “It’s like a cargo cult now. Adani has been saying it since 2011, people will wake up to it. I would like to think people will balance benefit for Adani against the huge cost.”…….. Anti-Adani sentiment stronger in marginal southern urban electoratesThe Coalition backs the Adani mine, Labor’s support is qualified but both are also juggling strong anti-Adani sentiment in marginal southern urban electorates. District president of the CFMEU mining union Steve Smyth is worried about what he calls real jobs. “We’ve seen what happens under the LNP, what happens in the coal industry, massive casualisation, the highest ever, where they’ll support the mining bosses, not the mining workers.” Labor is under pressure from within with Steve Smyth calling on local candidates to pledge their support for Adani. “I think Labor needs to be clear on that, from what I’ve heard the Labor party has said if it meets the regulatory requirements, it stacks up, it goes ahead and that’s where it’s at.”……… The Adani rail line also runs through Birriah country where Ken Dodd is a traditional owner and lawman. “Our main concerns are the artesian basin, and the water and the land and it doesn’t need to be opened, we have enough mines in our country.” Adani is the vanguard for opening up the Galilee Basin to a number of other major coal mines. Past experience makes Ken Dodd doubt the jobs mantra. “None of these outcomes or targets are being met by the proponents so by using the old business and opportunities and jobs and everything, it’s the same old social licensing talk we hear all the time.” https://www.sbs.com.au/news/adani-mine-stymies-battle-for-queensland-s-marginal-seats |
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Journalist Glenn Greenwald defends Assange
Journalist Glenn Greenwald defends Assange: The Hill, Julia Manchester 24 Apr 19 ‘Things that journalists do every single day’ Journalist Glenn Greenwald on Monday defended WikiLeaks founder Julian Assange after he was charged by the Justice Department earlier this month for allegedly conspiring to hack a government computer in connection with the organization’s release of sensitive government files in 2010.
“So much of what’s in the indictment, encouraging a source to get more documents, helping a source cover her tracks in order not to be detected, are things that journalists do every single day,” Greenwald, co-founding editor at The Intercept, told hosts Krystal Ball and Buck Sexton in an appearance on Hill.TV.
“You can say journalists don’t typically help a source hack into a password in order to get you know, a better way of hiding her identity, but helping a source avoid detection is definitely something journalists are not just entitled to do, but obligated to do,” he continued. ……https://thehill.com/hilltv/rising/439992-greenwald-defends-assange-these-are-things-that-journalists-do-every-single-day
Adani’s bid to bankrupt traditional owner hits court
Adani’s bid to bankrupt traditional owner hits court, Courier Mail 24 Apr 19,
A date has been set for Indian mining giant Adani’s case to bankrupt a traditional land owner who fought to stop its $2 billion Carmichael mine – and it falls just days before the Federal Election. …(Subscribers only)
Hanson denies humans behind climate change, blames ‘fearmongering’
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SBS, 24 Apr 19, One Nation leader Pauline Hanson says humans are not behind the causes of climate change which she believes has been happening since dinosaurs were around.
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Busting ANSTO’s deceptive pro nuclear propaganda to the Kimba and Hawker communities
Kazzi Jai https://www.facebook.com/groups/941313402573199/ Fight To Stop Nuclear Waste In The Flinders Ranges 23 Apr 19, How many times do you have to explain this to people? In response to some of ANSTO’s propaganda directed at the rural communities targeted for nuclear waste dumping……So you have a specific inventory of what’s in the drums do you? You must be very special then – because that is not what has yet been released to the public! You seem to assume it’s in your words “aprons and gloves” from handling radioactive objects. There is much more to it. Did they mention that it must be shielded to be handled safely? The steel drums themselves act as the shield for the Low Level Nuclear waste and must be monitored to ensure they remain intact. The proposed dump is for the PERMANENT DISPOSAL of the Low Level Nuclear Waste as an above ground dump, but covered with yet to be determined substance so that it qualifies as an “near-surface” disposal site…and must be monitored for several hundred years for safety.
No-one in their right mind would guarantee that there will not be some form of leakage during all of those hundreds of years! Steel drums…concrete….do not last forever….especially when it comes to radioactivity as well as other external factors.And then there’s the above ground “Temporary” storage of the Intermediate Level Nuclear Waste which will be coming with it. We have been told that the proposed dump is not worth doing without the Intermediate Waste being “temporarily” stored there, from Lucas Heights – which is in fact double handling and NOT World’s Best Practise in any way shape or form! What is in the Intermediate Level Nuclear Waste shielded casks – Did they say? Did they say how long the Intermediate Level Nuclear Waste remains dangerous? Did they say how long the casks were guaranteed by the manufacturers?
Did they mention any hazards or risks? Any at all?
IF it is so safe as they say – why was Sally’s Flat NSW not hounded to take this waste instead? Sally’s Flat is MUCH closer to Lucas Heights at 260kms – Lucas Heights is where over 90% of Australia’s nuclear waste is generated on site – and Sally’s Flat was deemed suitable as one of the six sites chosen by the Federal Government! Even Oman Ama in Qld is closer! Why transport it over 1500+kms into a prime export grain area or into the iconic world renowned Flinder’s Ranges in South Australia?
The answer is that once it is over the state border it becomes South Australia’s responsibility and liability and South Australia’s problem!
And to top it off – as the NATIONAL Nuclear Dump – not just ANSTO’s – the title of it should ring alarm bells – then all of the other states can effectively become “nuclear-free” at South Australia’s expense!
This is NOTHING to do with FEAR OF THE UNKNOWN or “green goo”. It is nothing to do with comparing it with other objects which frankly is pretty stupid because it is just a way of selling it and blurring lines of understanding! It is MUCH to do with SHAFTING nuclear waste from Lucas Heights, where it is currently safely stored and monitored, and is securely held. Lucas Heights in fact are the first to say “not in my backyard”!
Keep it all at Lucas Heights until the Intermediate Nuclear Waste can be PROPERLY dealt with! Then the Low Level Nuclear Waste can go in with that! In fact that was the intention of Lucas Heights and its enormous space all along – is that they would retain any waste they generated on site UNTIL they had found a suitable way of dealing with it once and for all and not for the next generations to have to come to deal with this man-made problem which they continue to generate! They had given themselves 80 – 100 years to find a solution. This current proposal is NOT a solution. It is simply burying the waste and abandoning it – a caveman’s solution to a 20th century problem!
South Australia is NOT the Nation’s Nuclear Dumping Ground!
NO means NO! https://www.facebook.com/groups/941313402573199/
Countering the pro nuclear lies of the Minerals Council of Australia (MCA)
The Minerals Council of Australia joins in the current pro nuclear propaganda push – classing nuclear power as “reliable, at a very low cost, and with zero emissions” — Mining.com 22 April
Here’s my comment, which they did not publish – surprise, surprise
Nuclear power is not all that reliable, particularly now, as climate change brings extremes of weather, for which nuclear reactors are not prepared. As they require lots of water, they are usually placed near sea or rivers, posing an increasing problem with sea level rise, and sea surges. Australia is a water short country, and should not contemplate such a water-guzzling industry.
As for nuclear being “cheap” – it’s “cheap” only where the tax-payer cops the bill – Russia, China, France etc. In USA and UK the nuclear lobby is screaming for subsidies, and the building of new reactors -Hinkley Point C, and the boondoggle in South Carolina provide a cautionary tale. As for small nuclear reactors – their only hope of being economic is if the are ordered en masse – such a risk, and consequently there are no buyers. Then there’s that little problem of radioactive trash accumulating, with no solution in sight.
Meanwhile,Australia has the opportunity to be a leader in truly clean renewable technologies, which are getting cheaper, while nuclear costs mount.
Australian media bombarding us with pro nuclear propaganda as election approaches
South Australia’s “The Advertiser” can be depended upon to regurgitate nuclear lobby propaganda. Yesterday’s offering was ” Nuclear-powered desalination for SA?
Some people were impelled to write to the paper. Here are a couple of answers:
from Renfrey Clark: Nuclear-powered desalination for SA? B.W. Foster (The Advertiser, April …) has a vision of nuclear power in South Australia providing abundant desalinated water for domestic use and irrigation. But price considerations, alone, show that nuclear is the wrong choice.
In the most advanced desalination plants, which use reverse osmosis technology, the key price factor is the cost of electrical energy. Here, renewable energy sources have a dramatic and quickly increasing advantage.
Research at the Australian National University concludes that in future decades a 100 per cent renewable energy system, “balanced” by pumped hydropower or batteries to make supplies fully dispatchable, would have a “levelised cost” of A$75-80 per megawatt-hour.[1]
Comparable studies for nuclear power in the US suggest prices well above A$100 per megawatt-hour.[2]
That’s not taking into account the massive additional problems ‒ and real dangers ‒ of the nuclear industry. In 2016 the Nuclear Fuel Cycle Royal Commission recommended firmly against developing almost all aspects of the industry in South Australia.
In coming years advances in desalination, along with further steep drops in the cost of renewable energy, will likely make desalinated water affordable for various kinds of high-value agriculture.
Nuclear power, however, will not be part of the picture. (picture below is of MIT’s small portable system)
from Robyn Wood : Yet again we hear the same tired old calls for Australia to adopt nuclear power (The Advertiser 22.4.19). We recently had a Nuclear Royal Commission that found that nuclear power is uneconomic. Quite apart from the safety risks and lack of a permanent high level reactor waste disposal system, the costs of building nuclear power plants around the world are skyrocketing, and the costs of building renewables is rapidly coming down. Building renewables with energy storage such as big batteries and pumped hydro makes far more sense than wasting our money on nuclear power.
Murdoch media’s insulting coverage of the Stop Adani convoy
Former Greens leader describes Murdoch media headlines as ‘a disgrace to journalism’ The conservationist and former federal Greens leader Bob Brown delivered a broadside at “disgraceful” coverage in News Corp newspapers as his Stop Adani convoy arrived in Queensland to fervour among activists and stoushes in the local press.About 5,000 people joined Brown at a rally in the Brisbane central business district on Wednesday afternoon, protesting against the proposed Carmichael coalmine.
But Brown, whose Stop Adani convoy resembles its own mini election campaign, has attracted the ire of News Corp’s Brisbane masthead, the Courier-Mail……..
Brown, who rose to prominence because of his opposition to the Franklin Dam project in the 1980s, was asked why the Carmichael mine, and not other proposals, have become the focus of environmental and climate activism.
“I got asked that very often about the Franklin Dam. Why this dam and why not other dams?” Brown said. “This has become a litmus test for coalmining around the world. Bloomberg indeed describes it as the most contentious coalmine in the world.”….. https://www.theguardian.com/australia-news/2019/apr/22/bob-brown-accuses-news-corp-of-disgraceful-coverage-of-stop-adani-convoy
The Stop Adani Convoy
In 2017, the High Court accepted that peaceful protest is a legitimate part of Australia’s representative democracy. It is encouraging to know the Adani convoy will be a legitimate part of the nation’s public discourse. Whatever problems we encounter, they will not come near the problems caused by us doing nothing. The Adani coalmine is a harbinger of global catastrophe. This convoy of concerned Australians will be taking on Adani out of respect for our children and the future of all life on Earth.
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Bob Brown The Stop Adani Convoy , The Saturday Paper, 15 Feb 19
“………..My foundation, the Bob Brown Foundation, is preparing for a public showdown with the coalmining industry and its political backers. In the run-up to the federal election, our focus will be Adani – as the global mining giant looks set to be pushing ahead with its colossal Carmichael coalmine in central Queensland.
Before Easter, my partner, Paul, and I will be driving from Hobart to the Galilee Basin, site of the proposed Carmichael mine. Along the way we will be joining more than 1000 fellow Australians who have already signed up for the Adani convoy. It is a community commitment – an act of defiance – for the future of our planet. A peaceful protest against Gautam Adani’s mine, which his operatives say will be under way soon. The decision-making process on the Adani mine is no less murky or corruptible than that for the Murray-Darling. Adani needs approval for water management and its bogus plan to protect the rare and beautiful black-throated finch……..
On Wednesday, Queensland grazier Bruce Currie, alarmed by Adani’s potential impact on water, delivered a petition with more than 27,000 signatures to the Queensland government to ban the mine. Meanwhile, Labor’s deputy leader Chris Bowen backed the mine, saying: “Adani was to have been the largest coalmine in Australia but it is now far from that.” He has not figured that Adani still plans to take all the coal out of Carmichael and export it, only slower.
The Stop Adani Convoy will travel the length of Australia, holding public meetings and rallies en route to the Galilee Basin, west of Mackay. We will be there in solidarity with the traditional owners of the land who oppose the mine. Having visited the mine region, we plan to move on to Canberra in May to question whether Australia really wants to back pro-Adani candidates in the federal election. Millions of Australians are deeply concerned about global warming but have limited means for demonstrating that concern. We plan to unite Australians who feel our country is in self-inflicted and unnecessary jeopardy – especially vulnerable to global heating, while at the same time jostling Indonesia into second place as the world’s biggest exporter of coal.
Australia’s environmental vulnerability has been on show as the disaster overtaking the nation’s biggest river system has played out in public during the past few months. ……
There seemed to be no good time or place to make a stand for the Murray-Darling. Head in sand, the nation let it go and hoped everything would turn out all right. We must not so easily wait for salvation from Adani. There will be no divine intervention. The onus is on us. And worse is yet to come. Yet the parliamentary majority, voted in by the majority of Australians, favours more coalmining, gas fracking across the country and new deep-sea oil drilling, including in the Great Australian Bight. With the support of the Business Council of Australia, then treasurer Scott Morrison thought it reasonable to hold up a lump of coal in parliament and claim its burning was good for us. “Don’t be afraid, don’t be scared, it won’t hurt you,” he said, taunting the opposition. “It’s coal.” With that he handed it to a gleeful Barnaby Joyce. Now the prime minister and Australia’s most powerful environment arbiter, Morrison knows – as we all do – that burning fossil fuels is both loading the atmosphere with greenhouse gases and serially lowering its content of breathable oxygen, for want of which those Murray cod are dead. Here we are in an age of popular greed-driven stupidity. Money rules. The value of life, let alone happiness, on Earth does not count in the marketplace of the richest per capita country in the world. This must change and only we, the people, can change it. That challenges us with personal discomfort. Faced with the immense wealth and power of the mining industry, it may seem an impossible task. But I have seen, firsthand, how grassroots campaigning can shift public and political opinion in Australia. In May 1982 the “Whispering Bulldozer”, Liberal premier Robin Gray, swept to power in Tasmania. By July, bulldozers were rolling into the Franklin River valley to build the Gordon-below-Franklin dam. Saving the wild river seemed a hopeless cause. But in December 1982 the Wilderness Society’s peaceful blockade began in the riverside forests. Some 6000 people went to the region, 1300 were arrested and 500 jailed, including me. In March 1983, Labor’s feisty new leader Bob Hawke was elected prime minister on a platform that included the slogan “I will stop the dam”. The rest is history. People power and strong leadership saved the Franklin, which has since become an icon for Tasmania’s job-rich tourism and hospitality industries. In 2017, the High Court accepted that peaceful protest is a legitimate part of Australia’s representative democracy. It is encouraging to know the Adani convoy will be a legitimate part of the nation’s public discourse. Whatever problems we encounter, they will not come near the problems caused by us doing nothing. The Adani coalmine is a harbinger of global catastrophe. This convoy of concerned Australians will be taking on Adani out of respect for our children and the future of all life on Earth. The convoy is a simple option for people who can spare some time, money and courage to act on their commonsense convictions in this age of absurdity. We will cop it from the radical powerbrokers who put coal before coral. There will be outrage about us not being at work, driving petrol-burning cars – in fact, our Stop Adani Convoy’s vanguard of electric cars will challenge the government to catch up with comparable countries in facilitating non-petrol vehicles – or simply our being “greenies”, “do-gooders” or a threat to big corporations. To offset this, there will be a special chair available at public meetings along the way for Gautam Adani – but not his understrappers – to personally take us on. Should he fly in, I think we will manage. This article was first published in the print edition of The Saturday Paper on Feb 9, 2019 as “A mighty convoy”. https://www.thesaturdaypaper.com.au/opinion/topic/2019/02/09/the-stop-adani-convoy/15496308007421 |
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Why is Prime Minister Scott Morrison raising the suggestion of nuclear power, knowing it’s illegal in Australia?
Federal election 2019: Labor says it’s ‘extraordinary’ Morrison is ‘contemplating’ nuclear power – as it happened
Tony Burke says ‘nuclear power is against the law in Australia’. Guardian, Amy Remeikis 18 Apr 19
Morrison has tweeted that it is not the Coalition’s policy. But he didn’t actually say that when asked on Tasmanian radio today. He said it was “not, not” on the agenda, but would have to stand on its own two feet.
But like a three-eyed fish, Albo is looking to grab the headlines:
PK: He said it’s not their policy and you said he needs to explain where he will put the nuclear power plants. He doesn’t because it’s not their policy.
AA: Why did he raise it? Why did he put it on the agenda if they haven’t been giving consideration to it? That’s what he’s got to answer. Why it is that during an election campaign Scott Morrison, so desperate to try to look like he has an energy policy somewhere, has now put nuclear power on the agenda during this election campaign. Labor’s opposed to nuclear power.
We don’t think it’s necessary and we don’t think it economically stacks up. And issues like nuclear waste and where you would locate a power plant, issues that are all outstanding, it is up to Scott Morrison to say why he has put this on the agenda today…….https://www.theguardian.com/australia-news/live/2019/apr/18/federal-election-2019-coalition-labor-tax-climate-economy-shorten-morrison-politics-live
Lynas rare earths corporation still struggling with its tricky problem of radioactive wastes
Record result but still no breathing space for Lynas, The Age, Colin Kruger, April 20, 2019
It should have been a great week for Lynas Corp….. Despite soft prices in the rare earths market – and a forced shutdown of its operations in Decemberdue to a local Malaysian government cap on its production limits – Lynas reported a 27 per cent jump in revenue to $101.3 million in the March quarter……
the company was still “seeking clarification” on comments earlier this month by Malaysian Prime Minister Mahathir Mohamad, which appeared to solve the problem of the licence pre-condition that Lynas says it cannot meet – removal of the radioactive waste by September 2.
Mahathir said Lynas – or any potential acquirer (without explicitly naming Lynas’ estranged suitor, Wesfarmers, whose $1.5 billion indicative offer for the group was rebuffed in March) – would be able to continue to operate in Malaysia if it agreed to extract the radioactive residue from its ore before it reached the country.
Despite two cabinet meetings since that announcement, Mahathir has failed to clarify his comments, or confirm whether it means Lynas might not need to move the existing mountain of radioactive waste that has been accumulating at its $1 billion, 100-hectare processing facility in Kuantan province.
Scott Morrison misleads the public on the costs of Labor’s climate policy
Scott Morrison warned on ‘cherry-picking’ $35 billion climate cost, SMH, 22 Apr 19 The election fight on climate change has sparked warnings against “misleading” voters about the cost of cutting greenhouse gas emissions, as an independent researcher repudiates Coalition claims of a $35 billion hit from Labor policies.
Prime Minister Scott Morrison has been accused of “cherry-picking” numbers in the escalating row over the competing pledges on climate, as he prepares to release new estimates of the economic impact of the Labor carbon target…….
The head of the Department of Prime Minister and Cabinet, Dr Martin Parkinson, has responded to the climate dispute by warning against the “misleading” use of economic modelling and assuring Mr Shorten the public service has not costed the Labor policy.
The research company cited in the government’s $35 billion claim, Bloomberg New Energy Finance, has also told The Sydney Morning Herald and The Age that the figure was “not a credible estimate” of the cost of buying international carbon permits.
“To come up with this number, the government has taken the highest point in our 10 year forecast for European carbon credits and assumed 50 per cent of Australia’s abatement for the next decade is bought at this price,” said Bloomberg NEF global head of special projects Kobad Bhavnagri.
“It takes the highest instantaneous forecast price, in the most expensive market, to come up with the biggest number.
“It’s like saying petrol is going to cost you $10,000 this year by assuming you buy everything in one go on Boxing Day.”…….. https://www.smh.com.au/politics/federal/scott-morrison-warned-on-cherry-picking-35-billion-climate-cost-20190421-p51fye.html?utm_source=newsletters&utm_medium=email&utm_term=SMH+AM+News






