Barnaby back: Why it’s a disaster for climate policy | ticker VIEWS

Australia has a new Deputy Prime Minister, with Barnaby Joyce now controlling the Nationals Party. Joyce has previously been at the forefront of controversy and has been known for his lack of recognition of climate change. So what does this represent for Australia’s climate policy and targets?

A bad move for Australia’s climate change policy

Australia is increasingly divided and isolated on its climate policies and targets. The rest of the world is moving towards reducing its carbon footprint, well before 2050. The UK has recently moved towards 78% carbon reduction by 2035, compared to 1990 levels.

Australia’s Prime Minister Scott Morrison was inching closer towards 2050 targets, after the G7 summit. The Nationals party didn’t like this, and now Barnaby Joyce is reappearing in the Deputy Prime Ministers seat.

Australia is expected to step up its ambitions in a constructive way at the global climate conference in November. Australian Greens Senator Sarah Hanson-Young says Joyce is not the right person for the role.

“Australia is going to be expected to play a constructive and important role there. But those, like Barnaby Joyce, who don’t even believe in the science on climate change. He doesn’t think its a problem. He doesn’t think Australia needs to transition from fossil fuels. It puts Australia at stark odds to our closest allies… It leaves us out in the cold… this is going to be embarrassing.” 

“It makes Australia a laughing stock on the world stage”

“It’s bad for the climate, its bad for gender equality, its bad for Australian women.” 

Greens Senator Sarah Hanson-Young

Road to net zero: Environment Minister insists there will be no change

Australia’s environment minister is insisting there’ll be no change to the government’s climate policy, despite the return of Barnaby Joyce as Deputy Prime Minister.

The environment minister Sussan Ley insists the preference to reach net zero emissions by 2050 is still the government’s position.

Mr Joyce was elected as Nationals leader in a spill on Monday. He’s expected to demand greater control over future climate change policy.

The Prime Minister Scott Morrison and Mr Joyce will negotiate terms for a new agreement this week

On tickerCLIMATE this week

Scott Hamilton and Holly Stearnes spoke with the director of IEEFA, Tim Buckley. IEEFA is the institute for energy economics and financial analysis and are accelerating the transition to a diverse, sustainable and profitable energy economy.

Buckley says the decision to put Barnaby in this leadership position, is going to cause chaos for Australia.

“The fact that any Australian political leader can talk about climate science denial and can talk about fossil fuel subsidies, is ludicrous in this day and age.”

Tim Buckley, IEEFA

https://twitter.com/tickerNEWSco/status/1406884202289668100

Joyce’s return to this leadership position has sparked major concerns. Energy expert and co-host of Ticker Climate, Scott Hamilton, is baffled by the decision and says it will be a challenge for the Australian Prime Minister.

“Prime Minister Scott Morrison can’t even get bipartisanship within the coalition on climate policy.” 

Scott Hamilton

The end of coal

The International Energy Agency roadmap to net zero emissions says the world can afford to have no new unabated coal, oil or gas developments in the world from now on. All major training and military partners are now taking action by subscribing to the Paris agreement. When considering what this means for world coal exports and what the future of coal in Australia looks like, Buckley says there will be no use for coal at all.

“All of our major trading partners have committed to net zero emissions. The writing is on the wall for this industry. We need to talk about solutions. ” 

Tim Buckley, IEEFA

One of Australia’s largest hoped for coal export markets is Vietnam, but even they don’t need Australia’s coal. Vietnam recently installed 9 gigawatts of rooftop solar in one year, that’s three times more than Australia did in ten years. Australia is heavily relying on Vietnam to import its coal, but why would they do that when they can do their own domestic zero emissions solutions at are at a lower cost?

“There is no future for thermal coal at a 20 year view”

Tim Buckley, IEEFA

[International Energy Agency, Net Zero by 2050]

Other climate news this week:

In Australia, the NSW Government will put an end to stamp duty on electric vehicles, to increase uptake. Drivers will also be offered thousands of dollars in other incentives, as part of the $500 million plan.

The extraordinary plan will be revealed this week, with a plan for battery-powered vehicles to account for more than half of all new car sales by 2031. However, there’s a catch, EV drivers will be hit with a road-user tax within six years to fund road and infrastructure spending.  

“We’re charging up the nation to make NSW the Norway of Australia when it comes to electric vehicles.”

Environment Minister, Matt Kean 

South Korea has now committed to a 40% reduction in emissions by 2030. They have also committed to net-zero by 2050. This is a bold statement against climate change from South Korea, who are a really important trading nation.