- China Ministry of Finance tax division chief Jia Chen
The top emitter of carbon pollution, China has announced a carbon tax, according to the official Ministry of Finance. China has not announced a start date for the scheme but the price has been set at 10 yuan (AUD1.50) rising to 50 yuan by 2020, per tonne of carbon dioxide.
And there is much discussion about the carbon pricing scheme in Europe, and specifically the British solution to achieve carbon cuts at a rate which would significantly spur on the green energy sector. This week Australia’s Westpac bank announced it has set aside six billion dollars to help fund clean tech projects. And Obama has his own ideas on funding clean energy. Hoorah!
This week Australia’s Federal Opposition clearly stated that it would not ever adopt an emissions trading scheme, while at the same time this scheme in the ACT has saved the equivalent of almost 4 million tonnes of carbon dioxide.
The ALP and the Greens part company, and in other Canberra related news, Blair Comley has moved from his position at the Department of Climate Change.
A new study just out this week explained how it has been quantified that the Australian landscape soaks up a third of the carbon emissions produced by the fossil fuel sector. You have to say, that is a pretty compelling reason to try to keep the Australian landscape intact.
And Environment Victoria have released a study stating that brown coal power generators are pocketing compensation from the carbon price, a claim swiftly denied by the industry. Interesting.
If you are looking for some uplifting reading matter why not check out this latest offering from the Australian Academy of Science, Negotiating our future: Living scenarios for Australia to 2050.
The not so great news is that the highly reputable UN tells us that the recent extreme weather events highlight that we are at greater risk due to climate change … as well as higher insurance premiums. And ex -IPCC boss says ‘prepare for a 5°C warmer world’ while the World Bank says climate change is ‘affecting the world economy in unprecedented ways.’
With Rio Tinto posting its first ever loss, business as usual is not an option, writes Michael Green.
Still a steady stream of articles appear about the rapidly decreasing cost of producing solar power and the rapidly increasing developments of solar technology, making it even more feasible and affordable.
Bill Thomas would love to see Melbourne’s Bentleigh Secondary College students ''piddle for their country'' and the ever fashionable, and ground breaking, Vivian Westwood speaks out in favour of the climate. That’s it for us, for this week!