Modelling commissioned by the Morrison government reveals the federal government’s debts could double if it fails to cut greenhouse gas emissions in line with the goals of the Paris Agreement.
But if most of the world delivers on its 2030 emission reduction pledges, Australian gas exports are likely to struggle economically.
It may be with such warnings in mind, that Western Australian billionaire Andrew Forrest is considering buying coal power stations in the US and converting them to run on renewable energy.
Australia’s climate failures could double spiralling debt costs, government modelling shows
Modelling commissioned by the Morrison government shows that failures to adequately respond to the growing climate crisis could see Australia lumped with spiralling costs to service its trillion dollar public debt as global markets punish borrowers for failing to cut emissions.
Australia’s new gas export developments are likely to struggle economically after 2030 if the world lives up to commitments to combat the climate crisis, according to a warning to major investors.
Osaka Gas joins NT green hydrogen scheme
The international developers of an ambitious $15bn green hydrogen project in the Northern Territory have added a major Japanese gas buyer as a partner and will consider doubling the size of the development while EnergyAustralia has underlined its renewable ambitions with two major battery deals.
Andrew Forrest to consider investing in coal-fired power stations in West Virginia
WA mining billionaire Andrew Forrest is considering investing in US power stations and converting them to run on renewable energy as part of his green hydrogen ambition.
Koala IVF could save endangered species
Freezing koala sperm could be a key strategy to save koalas from extinction by 2050.
Electric buses to be rolled out in Queensland as Australian-first bus depot opens on Gold Coast
Australia's first 100 per cent electric bus depot will open its doors on the Gold Coast today. The new electric bus depot in Currumbin will be completely powered by renewable energy, including a 56-kilowatt solar panel array.
Who is buying Russian crude oil and who has stopped
Australia, Britain, Canada and the United States have imposed outright bans on Russian oil purchases following Moscow's invasion of Ukraine, but the European Union remains divided.