The federal government will make it more difficult for key public agencies to spend taxpayers' money on coal and gas projects as negotiations go down to the wire over signature climate reform jamesmassola micksfoley
Labor will make it more challenging for key government agencies to spend public money on coal and gas projects in an olive branch offering to the Greens as negotiations go down to the wire over the government’s signature climate reform.
Under amendments announced this week, Labor will insert its upgraded emissions reduction target into the objectives of key agencies such as the Export Finance Australia , CSIRO, the Clean Energy Finance Corporation, the Northern Australia Infrastructure Fund , Infrastructure Australia and the Australian Renewable Energy Agency.
“There are things where people of good faith can work together,” he told ABC. He has previously notedRichie Merzian, head of climate policy at independent think tank The Australia Institute, said Australia’s commitment to the Paris Agreement obliged the federal government to strive to limit global warming to 1.5 degrees, which meant the government had to rule out any future fossil fuel funding from the NAIF and the EFA.
Even though Australia is bound by the Paris Agreement, agencies such as EFA can argue that supporting individual projects that raise emissions are compatible with a global push to cut global warming. In 2018, EFA officials told a Senate Estimates hearing “the Paris Agreement doesn’t look at individual projects; it looks at country levels”.
“But that’s not the policy of the Labor Party and we won’t be supporting it because that would have a devastating impact on our economy.”
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