Latest news with #NationalClimateRiskAssessment
The Age
3 days ago
- Politics
- The Age
What message does the Woodside approval send?
To submit a letter to The Age, email letters@ Please include your home address and telephone number. No attachments, please include your letter in the body of the email. See here for our rules and tips on getting your letter published. If you want to lose weight, you don't eat a salad and then tuck into burgers and chips on the side. It doesn't work. Likewise, if we want to cut climate pollution, we can't just add a bit of solar and wind while continuing to flood the atmosphere with greenhouse gases. That's why Environment Minister Murray Watt's preliminary approval of Woodside's North West Shelf gas terminal – allowing it to operate until 2070 – is so wrong (″ Major fossil fuel project tick ends years of uncertainty ″, 29/5). This gas terminal will contribute 4.4 billion tonnes of emissions (10 times Australia's annual total), undermining all our other efforts to tackle climate change. What message does this send to our Pacific neighbours battling rising seas, to regional Australians hit by extreme weather, to Indigenous communities whose cultural heritage is at risk, and to our young people? Amy Hiller, Kew Economic interests are taking precedence With the announcement that Environment Minister Murray Watt has approved the extension and expansion of the Woodside North West Shelf gas project, every young Australian should now understand that we have a government that puts the economic interests of the fossil fuel industry ahead of their future. The fast emerging climate crisis will present young people with a very challenging future. Surely they have a right to expect our political leaders to be taking every possible step not to make the situation worse. Catherine Rossiter, Fadden, ACT Australian fossil fuels have global impact I am a climate scientist. I have a fear for the future of our country and our planet given the published research and Australia's first National Climate Risk Assessment. It does not matter where Australian fossil fuels are burned – here or overseas – their impacts are global, and will hit Australia hard through more climate and weather extremes. This is overwhelmingly the state of the science. Commonwealth approval for gas or coal projects will generate company profit now that will ultimately cost Australia's next generations – our children – massively in dollars, lives and livelihoods. It is clearly now untenable. Andrew Watkins, Research Affiliate, School of Earth, Atmosphere & Environment, Monash University What's the point, when this happens? Labor has used its mandate to approve a gas project that will result in more emissions that will fuel fires, cause more floods and wreak havoc for future generations. When our society has leaders that value corporations over the health of communities, people gradually stop caring, and they won't keep fighting for climate justice. Labor might want us to recycle, compost our waste, walk instead of drive. But what's the point when our leaders are doing the opposite and wrecking the environment? I had a sliver of hope that Labor might have the courage to tackle climate change, sadly it's still not the greatest moral challenge of our lifetime. Shameful. Ben Shaw, Ocean Grove Who is going to pay for the consequences? Federal Labor must be condemned for giving provisional approval to extend the North West Shelf gas project for another 70 years. Farmers and communities are suffering the ruinous impacts of fossil fuel pollution. If the project goes ahead, will Woodside pay the rebuilding costs and insurance premiums of those affected by droughts, storms, floods and fires; for ongoing trauma services for survivors; for more equipment for emergency services; lost income for CFA and SES volunteers; endangered species programs? Will the government look at both sides of the ledger when weighing up the costs and short-term benefits of this project? Julia Croatto, Kew THE FORUM Ineluctably unelectable A notable mantra of Gough Whitlam was that his party had to become electable, and be worth electing. The present version of the Labor Party has certainly shown over the past two federal elections that it is indeed electable. The jury, however, may still be out on whether it has been worth electing. Its actions on several issues will deliver that judgment in time. Electionwise, the Coalition has achieved the opposite. It has become virtually unelectable, its position worsening from 2022 to 2025. Its present policies and conflicts show it is out of touch with modern Australia and not worth electing at all. Graeme Gardner, Reservoir PM's Uluru mission Cathy Wilcox's incisive cartoon (29/5) rightly reminds us of the big lie that was inherent in the Coalition's rejection of a Voice to parliament. The wilful mischaracterising of the latter as equivalent to a ″third chamber of parliament″ ensured that substantive government-initiated reconciliation was brutally undermined. The conservative right-wing line that Indigenous Australians were seeking to divide the nation, and gain social and political preferment, was surreal in the context of Closing the Gap targets not being met and the cross-generational existential impacts of the documented more than 400 Indigenous massacres from 1788 to the 1930s. White Australians' ″cult of forgetfulness″ and the ″great Australian silence″, as articulated by the eminent anthropologist Professor Bill Stanner in 1968, is a continuing phenomenon. In 2025, ignorance and racist colonialist sentiments persist. Crucially, the Voice to parliament and Makarrata Commission ″truth telling″ process remain as relevant as ever. It is to be hoped that the PM, endorsed powerfully in the recent election, revisits the Uluru Statement from the Heart. Jon McMillan, Mt Eliza
Scoop
05-05-2025
- Business
- Scoop
Unlocking Climate Capital: Investor Policy Priorities For The 48th Parliament's First 100 Days
Press Release – Investor Group on Climate Change The Investor Group on Climate Change will be engaging with policy-makers across the new parliament to provide more detail on these recommendations and how they will support jobs, economic growth, and reduce the economic costs of climate change. Australia's investment sector looks forward to working with Australia's new parliament on the policies that will keep building momentum towards a climate-resilient net-zero emissions economy. Quote from CEO Rebecca Mikula-Wright 'Economic damages from growing extreme climate events remain the biggest risk to super funds and other investors being able to deliver sustainable returns for their 15 million Australian members. 'Australia has all the resources we need to create new jobs and prosperity based on our abundant renewable energy resources, our clean industries, and our adaptation know-how. 'As new and continuing MPs and senators return to Canberra in the coming months, investors will be very keen to resume and accelerate the progress Australia is making towards a net zero, climate resilient economy.' Priorities To support an orderly and least-cost transition, IGCC recommends the following actions for the 48th Parliament within its first 100 days: Commit to a strong 2035 emission reduction target Setting a target within the range advised by the Climate Change Authority will help investors get the confidence they need to invest in new renewable energy and other climate solutions in Australia. Release comprehensive and just sector-by-sector plans, emissions reductions plans, and the new National Climate Risk Assessment and National Adaptation Plan. With clear sector and adaptation plans and a suite of stable policies to manage climate risks and promote climate solutions, investors will have greater confidence to deploy capital in Australia and not in other markets. Amend the Climate Change Act to include Net Zero Sector Plans, the National Adaptation Plan, and the National Climate Risk Assessment. This would provide durable national frameworks for decarbonisation, adaptation and climate risk, supporting the policy continuity across governments that builds market confidence, and encourages capital deployment into Australian mitigation and adaptation from local and international investors. The Investor Group on Climate Change will be engaging with policy-makers across the new parliament to provide more detail on these recommendations and how they will support jobs, economic growth, and reduce the economic costs of climate change. About the Investor Group on Climate Change: We are a leading network for Australian and New Zealand investors to understand and respond to the risks and opportunities of climate change. Our members include our countries' largest superannuation and retail funds, specialist investors and advisory groups. Their beneficiaries include more than 14.8 million Australians, and millions more New Zealanders. Our members manage more than $35 trillion globally. We are a not-for-profit and our work is funded by members' fees and philanthropy from supporters who understand the power of capital to support climate action.
Scoop
04-05-2025
- Business
- Scoop
Unlocking Climate Capital: Investor Policy Priorities For The 48th Parliament's First 100 Days
Australia's investment sector looks forward to working with Australia's new parliament on the policies that will keep building momentum towards a climate-resilient net-zero emissions economy. Quote from CEO Rebecca Mikula-Wright 'Economic damages from growing extreme climate events remain the biggest risk to super funds and other investors being able to deliver sustainable returns for their 15 million Australian members. 'Australia has all the resources we need to create new jobs and prosperity based on our abundant renewable energy resources, our clean industries, and our adaptation know-how. 'As new and continuing MPs and senators return to Canberra in the coming months, investors will be very keen to resume and accelerate the progress Australia is making towards a net zero, climate resilient economy." Priorities To support an orderly and least-cost transition, IGCC recommends the following actions for the 48th Parliament within its first 100 days: Commit to a strong 2035 emission reduction target Setting a target within the range advised by the Climate Change Authority will help investors get the confidence they need to invest in new renewable energy and other climate solutions in Australia. Release comprehensive and just sector-by-sector plans, emissions reductions plans, and the new National Climate Risk Assessment and National Adaptation Plan. With clear sector and adaptation plans and a suite of stable policies to manage climate risks and promote climate solutions, investors will have greater confidence to deploy capital in Australia and not in other markets. Amend the Climate Change Act to include Net Zero Sector Plans, the National Adaptation Plan, and the National Climate Risk Assessment. This would provide durable national frameworks for decarbonisation, adaptation and climate risk, supporting the policy continuity across governments that builds market confidence, and encourages capital deployment into Australian mitigation and adaptation from local and international investors. The Investor Group on Climate Change will be engaging with policy-makers across the new parliament to provide more detail on these recommendations and how they will support jobs, economic growth, and reduce the economic costs of climate change. About the Investor Group on Climate Change: We are a leading network for Australian and New Zealand investors to understand and respond to the risks and opportunities of climate change. Our members include our countries' largest superannuation and retail funds, specialist investors and advisory groups. Their beneficiaries include more than 14.8 million Australians, and millions more New Zealanders. Our members manage more than $35 trillion globally. We are a not-for-profit and our work is funded by members' fees and philanthropy from supporters who understand the power of capital to support climate action.
