Investor group warns on Australia's weak emissions goals l p_hannam
The analysis by the Investor Group on Climate Change [IGCC] came as the Swedish government - one of five European nations to rule out using any surplus generated by beating Kyoto Protocol emissions targets - told theA failure or delay in Australia's efforts to reduce greenhouse gas emissions will leave the economy vulnerable, an investor group says.
"It would decrease action and therefore increase the risk to the economy," Mr Jackson said. "We'd be cantering off a cliff." However, Labor has refused to rule out banking the credits either, a move that would effectively slice the goal to a 35 per cent reduction, IGCC's analysis shows."The use of carryover also means a substantial reduction in the rate at which Australia’s emissions reductions targets decline through time," IGCC said.
"Internationally, this would likely be interpreted as backsliding on previous emissions commitments and being against the rules of the Paris Agreement that state that each new emissions target should be stronger than the last," IGCC said.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Labor needs to rethink property policies: Property Council CEO | Sky News AustraliaAustralians are indicating they're less likely to invest in property, if Labor pushes ahead with plans to wind-back tax breaks, according to new polling commissioned by the Property Council. \n\nUnder existing tax arrangements, 33 per cent of people surveyed said they'd be happy to purchase a new property.\n\nBut only 24 per cent would follow through with those plans if Labor implements its crackdown. \n\nChief Executive of the Property Council of Australia Ken Morrison told Sky News that the Labor Party needs to rethink their policies on cuts to negative gearing and capital gains tax breaks.\n\n\n\n\n\n\n
Read more »
Morrison to unveil multi-million dollar plan to stop domestic abuse | Sky News AustraliaPrime Minister Scott Morrison is set to unveil a $328 million plan to tackle domestic abuse, marking the biggest ever financial commitment to combat the national issue.\n\nFocusing on prevention, identification, rescue and recovery, the scheme will start at a grass-roots level and will involve educating school children on how not to become perpetrators or victims of domestic abuse.\n\nFamilies and Social Services Minister Paul Fletcher has told Sky News the package will focus on prevention and boosting frontline services.\n\n
Read more »
TAB trading boss resigns after being warned off by Racing NSWSally Snow, who had been a figurehead of Tabcorp's operation on racing, was warned off by steward for failing to cooperate in a betting inquiry.
Read more »
WA Premier attacks environmental watchdog plan to cut carbon emissionsMark McGowan will not endorse the Environmental Protection Authority's new carbon emissions guidelines, saying they go too far and could damage WA's economy.
Read more »
Car travel and a taste for meat fuel rise in greenhouse gas emissionsVictoria’s greenhouse gas emissions are rising in defiance of the Andrews government’s renewable energy push, mostly due to surging traffic on the roads and cattle, sheep and pig farming.
Read more »
Power bills to rise by hundreds under Labor's emissions target: analysis | Sky News AustraliaHouseholds could be paying more for their power bills under a Labor government, according to analysis by the Menzies & Page Research Centre. \n\nThe analysis suggests Labor’s plan to reduce greenhouse gas emissions by 45 per cent by 2030 will push up prices for households in New South Wales by $600 a year and by $480 in Victoria. \n\nSpeaking to Sky News on Sunday, Kristina Keneally said Labor’s plan is aimed at achieving two outcomes: lowering power prices and curbing emissions. \n\nThe report has also revealed prices for small and medium businesses would be relatively unaffected by Labor’s policy.\n\n\n\n
Read more »
Australia still poised to meet emission reduction targets: Taylor | Sky News AustraliaFULL INTERVIEW: Energy Minister Angus Taylor has denied 'cherry picking' statistics regarding carbon emissions.\n\nThe Energy Minister was criticised by Labor after claiming emissions have reduced over the last quarter, despite government figures showing total emissions rose by almost one per cent from September 2017 and September 2018.\n\nMr Taylor says figures show emissions are going down in the latest quarter, and that Australia will meet its international obligations 'in a canter.'\n\nImage: News Corp Australia
Read more »
One third of voters say Australia should reduce current emissions targets | Sky News AustraliaA new poll from Galaxy Research conducted for Menzies Research Centre demonstrates Australia’s attitude to reducing greenhouse gas emissions.\n\nThe poll shows one third of Australians say the country should reduce its current emissions targets to match the Paris Agreement’s requirements.\n\nSky News host Chris Kenny says this shows the government’s policy of doing the minimum for the Paris agreement will be good enough to satisfy most voters. \n\n\n\n\n\n\n\n
Read more »
Beware of groupthink on why the economy's so weakSome experts should consider that maybe it's not the fault of workers that wage rises are hard to find.
Read more »