Breakingviews - Australia green fail is global net-zero liability

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Breakingviews - Australia green fail is global net-zero liability
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Australia’s new government is talking out of both sides of its mouth on climate change. Like the lawmakers they replaced, Canberra’s latest incumbents are also cheerleaders for coal and gas exports, writes AntonyMCurrie:

An injured koala sits at the Kangaroo Island Wildlife Park, at the Wildlife Emergency Response Centre in Parndana, Kangaroo Island, Australia January 19, 2020. REUTERS/Tracey NearmyMELBOURNE, July 20 - Australia’s new government is talking out of both sides of its mouth on climate change. On Tuesday, some two months after winning power, Labor Prime Minister Anthony Albanese’s administration released the 2021report that its predecessor put on ice.

That flies in the face of the findings of the environment report. It details how the country has lost more mammals to extinction than any other continent; the threatened species list is growing; soil quality is deteriorating; and emissions reduction has stalled since 2013. Plibersek is promising to overhaul regulations to speed up ways to deal with many of the issues raised in the study. Done right, that could spur action from the public and private sector.

assert there is a medium-term need for companies to invest in traditional sources of energy, the failure of governments to lead the way on change sends a gloomy signal about how seriously rich countries take their climate promises.Australia’s environment is “poor and deteriorating” due to a combination of “climate change, habitat loss, invasive species, pollution and resource extraction”, according to a study released by the country’s recently elected Labor government on July 19.

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