Posts tagged ‘CCS’

Federal budget embeds fossil fuel expenditure on gas and CCS escalating climate crisis

Photo: Fund our future not gas Courtesy AYCC

Federal Treasurer Josh Frydenberg delivered the 2021 Federal budget with lots of suger announcements on increased aged care spending, increased child care funding, women’s physical safety & economic security, NDIS, mental health, road infrastructure, and vaccine rollout.

But on addressing the climate and environment crisis, funding gas expansion continues and environment and conservation funding declines. This reinforces that the Federal government budget is for the short term, an election budget, failing to enact long term solutions for the climate crisis and the biodiversity crisis in Australia.

It wilfully ignores the intergenerational cost on our kids and future generations climate change impacts will incurr.

During the budget speech Josh Frydenberg said:

“In this budget, we are investing a further $1.6 billion to fund priority technologies, including clean hydrogen and energy storage…. This budget provides over $480 million in new funding for the environment, including $100 million to protect our oceans.” he also said the government is “on a pathway” to net zero “as soon as we possibly can”, which he says the government would like achieved preferably by 2050.”

Latika Bourke, Net zero ‘preferably’ by 2050, says Frydenberg, The Age

From a climate perpective the budget is deeply disappointing, as it fails to capitalise on Australia’s natural renewable energy advantages, or set Australia up as an emerging renewable energy powerhouse. It panders to vested interests in the fossil fuels industry. While it talked of wanting to reduce emissions and create jobs at the same time, it missed big, obvious, common sense opportunities to do so.

(more…)

May 12, 2021 at 12:17 am Leave a comment

Part 2: Labor’s climate policy funding shuffle dance

This is the second part of our special series on the Labor Party’s 2010 climate policies. Part one is here. This edition, we discuss the funding shuffle dance that is Labor’s renewable energy policies.

Renewable energy (which includes ‛clean coal’ – who knew?)

Renewable Energy Future Fund (is this superannuation for wind farms?)

Well, it’s $652 million to support renewable energy projects, and development of low emissions technologies. It will also be used for energy efficiency programs for households and business. Sounds good, investing in new renewable technologies, doesn’t it? Except, as the Beyond Zero Emissions report outlines, we already have the technology to transition Australia to 100% clean energy.

But hey, we can always improve on existing technology, right? And household energy efficiency is a really effective, cheap way to reduce emissions, so that’s a great use of taxpayer dollars. Only problem: $9 million of this renewable energy money will be used to pay for the Big New Focus Group (BNFG) Huh. Wonder what else they’ll drain this one for. Don’t worry, it’s just a Future Fund, and the future never arrives! Right?

Connecting to the matrix

This is a new policy announcement – $1 billion over a decade to connect renewable energy projects to the electricity grid. Now, if we could only take that $2 billion going into ‛clean coal’ research and put it into actual renewable energy, we might have something substantial to connect to the grid. And how about the rest of the $9 billion we spend on fossil fuel subsidies? We could connect up a lot of renewable energy projects with $9 billion!

Solar Flagships (conjuring up confused images of ships with flags and solar panels)

This was announced in last year’s budget and was supposed to be a $1.5 billion program to establish large solar-power stations. This is great, yes? This is what Australians want – large scale renewable projects! So how’s it going so far? (more…)

August 18, 2010 at 12:09 am 3 comments


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