Viewing articles in Portfolio:

Renewable Economy & Climate Change

Filter Articles

Windfall tax on gas profiteering as easy as PRRT

The Greens Leader Adam Bandt says a windfall tax on gas corporations profiteering from the current crisis could be imposed simply by closing loopholes in the Petroleum Resource Rent Tax (PRRT) in the government’s first budget in October.

The PRRT was designed to tax super-profits, but gas corporations figured out how to avoid paying it by building up a backlog of tax credits to the tune of a jaw-dropping $282 billion. This means that gas companies have to burn through $282 billion in profits until they start paying tax.

Read more

Cash for coal clunkers will only prolong energy problems

The Greens Leader, Adam Bandt, says the ‘coalkeeper’ subsidy to ageing coal power plants will slow the overdue modernisation of the Australian energy network.

The Labor Resources Minister has called for coal-fired power stations to be brought online as Energy Ministers meet to discuss the dramatic increase in energy prices caused by Australia’s failure to reduce reliance on coal and gas.

Read more

Greens refer alleged carbon credits fraud to Auditor General

Greens Leader, Adam Bandt MP, has referred allegations of a $1 billion taxpayer funded climate fraud through the government’s carbon credits scheme to the Auditor General and called for a full, independent inquiry into the claims.

Overnight a whistleblower, the highly-renowned former head of the Emissions Reduction Assurance Committee, Andrew Macintosh, described the program as “largely a scam”.

Quotes attributable to Greens Leader Adam Bandt MP:

“This is yet another rort from a terrible government.

Read more

Greens plan to subsidise wages of coal workers and support communities through winding down of coal

To stop coal communities collapsing, every coal worker should have a decade of generous financial support, including wage subsidies to assist in moving to paid employment in new industries including renewables, minerals mining and green manufacturing, retrain, or take an early retirement, Australian Greens leader Adam Bandt MP has announced today.

Read more

Labor backing Morrison’s Trojan Horse for gas

Greens Leader Adam Bandt has expressed disappointment at Labor’s capitulation to Scott Morrison’s plan to give $600 million in public money to Snowy Hydro to build a gas-fired power plant that experts say we don’t need.

In 2021 Labor said the plan looked like “a cynical attempt to pick a fight on gas and continue the climate wars, or to reward the major Liberal donor who owns the Kurri Kurri site.

The Greens also said non-binding ideas of converting to green hydrogen down the line are a fig leaf for new gas infrastructure. 

Read more

Australia's biggest coal and gas customer to slash coal and gas use by 2030

Australia’s biggest thermal coal and LNG customer, Japan, has announced new 2030 targets for their electricity sector, slashing the amount of coal and gas they intend to use, with a 41% cut in thermal coal and 46% cut in gas over the next 10 years.

Given Australia’s high reliance on Japan, these new targets could see the Australian thermal coal industry slashed by almost 20% by 2030, putting the lie to Liberal and Labor’s claims that coal will continue to be mined and exported for decades to come. 

Read more

Morrison's hydrogen spin is just more cash for coal & gas

As the Prime Minister pins all his hopes on technology to save his government’s complete lack of any climate policy, his financial commitment doesn’t match up to his marketing.

In the wake of President Biden’s announcement of a $2 trillion climate infrastructure package, Scott Morrison has proposed a $539 million hydrogen and CCS hub spend to spruik his low emissions technology strategy, 3700x less in total and 290x less per capita than the Biden administration.

Read more