The Grattan Institute found that in order to provide tax cuts in the never-never while reducing government expenditure from 24.9% of GDP in 2018-19 to 23.6% during the next decade amounts to cutting existing programs by more than A$40 billion a year in 2029-30. That should have been the story of the week, but somehow it wasn’t.
While Labor’s 2019 Climate Acton Plan has been completely rewritten compared to the plan they took to the 2016 election the target of 45% emissions reductions (from 2005) by 2030 remains the same. I can’t recall whether they espoused zero emissions by 2050, as they do now, I think it may have been 90%. Their overall strategy is, I think, based on six considerations.
Firstly, Labor acknowledges the cost of doing nothing:
Failure to act on climate change will expose the Australian people and environment to devastating costs for our economy, society, security, health and environment. Experts at the ANU, University of Melbourne and CSIRO estimate failing to keep global warming to below two degrees will eventually cost the average Australian household $14,000 per year.
Secondly, they say:
Labor accepts the science of climate change and endorses the Paris Agreement to keep global warming well below two degrees Celsius as well as a more qualified commitment around a 1.5 degree threshold.
The first Brexit happened a very long time ago. According to Richard Webb in Brexit, 10,000 BC: The untold story of how Britain first left Europe (New Scientist), the white cliffs of Dover did not exist 450,000 years ago, just rolling hills. However, as usual, there was an ice age, and a glacial lake was formed in what is now the North Sea:
Commonly 2°C has been seen as the threshold for dangerous climate change, although last year the IPCC report on 1.5°C revealed that at that lower level we enter a zone where tipping points may take us to 4°C and beyond.
Pupils from hundreds of schools in over 55 cities and towns across Australia are using the action to call on all politicians to stop Adani’s coal mine, say no to all new fossil fuels and power Australia with 100 per cent renewable energy by 2030.
That is what BP thinks will happen on the basis of projecting forward what we are doing to date. However, in what they see as a Rapid Transition Scenario, BP still sees around half of our energy needs in 2040 coming from fossil fuels in the form of gas and oil. Here from the BP Energy Outlook, 2019 in a nutshell is the story:
A New South Wales Labor government would establish a state-owned renewable energy company to support the rollout of enough renewable energy to power more than three million homes across the state in the next decade.
On Monday the NSW opposition leader, Michael Daley, announced that if elected on 23 March, Labor would deliver seven gigawatts of extra renewable energy by 2030.