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‘Keep fighting’ – A message to millennials about climate change | ticker VIEWS

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Former Australian Minister for climate change, Greg Combet, is urging younger generations to “keep fighting” against climate change

Greg Combet is a Trade Unionist, former Minister for Climate Change, Industry, and Innovation in the Julia Gillard Government.

Now, Combet is the Chair of Industry Super Funds. Industry Super Funds represents sixteen of Australia’s biggest industry funds and the bulk of the $630 billion industry superannuation sector.

In this week’s episode of Ticker Climate, we discuss climate policy, carbon targets, carbon tariffs, and the risks for Australia’s billion dollars Industry Super Funds.

Glasgow Climate Conference is looming

The ‘COP 26’ UN Climate Change Conference is hosted by the UK in partnership with Italy. It will take place from 31 October to 12 November 2021 in Glasgow, UK.

The meeting will host 50 countries, including Australia, to negotiate key issues regarding climate change. The aim of the meeting is to increase climate ambition, build resilience, and lower emissions.

UK Prime Minister, Boris Johnson, is passionate about achieving strong targets from the meeting.

“Securing a brighter future for our children and future generations requires countries to take urgent action at home and abroad to turn the tide on climate change. It is with ambition, courage and collaboration as we approach the crucial COP26 summit in the UK that we can seize this moment together, so we can recover cleaner, rebuild greener and restore our planet.”

– Boris Johnson, UK Prime Minister

Australia has previously been criticised for its lack of ambitious targets, in comparison to the rest of the world. Australian Prime Minister, Scott Morrison has not yet agreed to net-zero emissions by 2050.

“We’re getting left behind as a consequence of the paralysis within the Morison government, about climate policy.”

“It is no longer good enough to only commitment to net zero emissions by 2050, all nations need to roughly halve emissions by 2030,”

Scott Hamilton, Ticker Climate co-host and energy expert

“Australia should be looking at a target of 45% by 2030.” 

Carbon Tax

Carbon Tax or Carbon Pricing Carbon pricing captures the external costs of greenhouse gas emissions, the costs of emissions that the public pays for, and ties them to their sources through a price.

A price on carbon helps shift the burden for the damage from emissions back to those who are responsible for it and who can avoid it.

“I still think that carbon pricing mechanism is the most economically efficient, or the lowest cost way to achieve emissions reductions across the economy.”

Greg Combet, former Minister for Climate Change

Is Australia too dependent on fossil fuels?

Australia has electricity and energy systems that have been heavily dependent upon coal and other fossil fuels. Australia is an advanced economy, and can still invest in the transition that’s necessary for our energy system and in other important sectors of the economy.

“You not only need strong targets for 2030, but you also need strong climate action as well. That means stop funding fossil fuels and manage the transition out of coal-fired power electricity.” 

Scott Hamilton, Ticker Climate co-host and energy expert

Climate change and investment decisions

It is a common feature among major corporations to find commitments to net-zero emissions by 2050.

Combet chairs Industry Super Funds, which are big investors in infrastructure in Australia and globally. They have committed across their portfolio to achieve net-zero emissions by 2050.

They’re about to enter into major power purchasing agreements to purchase renewable energy.

“It is critically important that the huge Industry Super Funds invest our money wisely so it won’t end up in stranded assets in a decarbonized future.”

“The good news is that Australia has immense opportunities for investment in global-scale projects, such as SunCable; the Asia Renewable Energy hub; and the recent Western Green Energy Hub in WA.” 

Scott Hamilton, Ticker Climate co-host and energy expert

Challenges for next generation

Combet is urging younger generations to keep fighting against climate change.

Other news this week:

Great Barrier Reef denied ‘in danger’ listing

After much anticipation, the World Heritage Committee decided against listing the Great Barrier Reef as “in danger”.

The decision ignored the recommendation of the International Union for Conservation of Nature (IUCN) and the UNESCO World Heritage Centre.

https://twitter.com/tickerNEWSco/status/1419564078888931331?s=20

The US still on fire

California continues to burn. The Dixie Fire, which started earlier this month and has now burned more than 190,000 acres. This has forced a new wave of evacuations in Northern California.

However, the blaze is still only 21 percent contained and continues to display extreme fire behavior.

Watch this week’s full episode here:

Ticker Climate

Holly is an anchor and reporter at Ticker. She's experienced in live reporting, and has previously covered the Covid-19 pandemic on-location. She's passionate about telling stories in business, climate and health.

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Ticker News available on podcast apps, allowing you to hear the latest news, plus special programs.

 

Ticker News is available as a podcast.

You can catch up on the latest news, or programs devoted to special topics including U.S. politics and our Original documentaries.

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“We are putting significant resources into Ticker content to make sure we get to the heart of the stories we cover.”

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Trump’s campaign tactic – debase and disgrace the legal process

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Donald Trump, former president of the United States, hated Arraignment Day I in Manhattan two months ago, the first time a former president had been criminally charged. 

Trump was being forced against his will into a proceeding he had utter contempt for.  He was being arrested and fingerprinted and photographed under an indictment under the jurisdiction of Manhattan in New York City for allegations of hush money payments and fraudulent bookkeeping practices to conceal criminal activity. Trump heard the charges read out against him and he entered a plea of not guilty.

Trump had a terrible day. Trump wore a scowl throughout. His countenance was fearsome.  What Trump hated most about his arraignment in New York is that he had to sit at a table with his counsel side by side with him — equal to him — and with the judge above him looking down on him. Trump could not control the discussion and could not interrupt to make his points.

Trump was subordinate to the judge. He was subordinate to no one as president.

Arraignment Day II

Arraignment Day II in Miami will be worse from Trump, even more stressful.  The charges are substantially more serious:  the alleged violation of federal criminal statutes involving the alleged mishandling and illegal possession of classified documents, lying to legal authorities, and obstruction of justice.  Potential penalties run to years in prison and millions of dollars in fines.

Trump throughout his business life had always crafted his affairs to avoid being a defendant. But in his term in office, he was caught up in it big time. He was a defendant in two impeachment trials – again, unprecedented events – and left office in disgrace.

But Trump does not feel disgraced. He never does.  Trump does not have a reverse gear.  He never retreats.  Never admits. Never concedes. Never yields.  Trump is never embarrassed. Trump never feels ashamed. When something goes wrong, it is always the fault of someone else.

And Trump never repents.

Trump can feel this way because Trump is waging war on behalf of his armies in “the final battle” for the future of the county. In his first, fiery post-indictment speech in Georgia, Trump said, “They’ve launched one witch hunt after another to try and stop our movement, to thwart the will of the American people.  In the end, they’re not coming after me. They’re coming after you … “Either we have a Deep State, or we have a Democracy…Either the Deep State destroys America, or WE destroy the Deep State.”

It is a powerful formulation, and his true believers love it.

Hours later, In North Carolina, Trump mainlined his distilled message for the Republican crowd:

“We are a failing nation. We are a nation in decline. And now these radical left lunatics want to interfere with our elections by using law enforcement.

It’s totally corrupt and we cannot let it happen.

This is the final battle.

With you at my side we will demolish the Deep State.

We will expel the warmongers from our government.

We will drive out the globalists.

We will cast out the communists.

We will throw off the sick political class that hates our country.

We will roll out the fake news media.

We will defeat Joe Bide and we will liberate America from those villains once and for all.”

Any lesser mortal would be staggered by these events.  Any other presidential candidate would be driven from the race.  But not Trump.

Debase and disgrace

Trump is using the same playbook today as he successfully triggered after being charged in New York:  debase and disgrace the legal process by terming it completely political.  Trump said the federal indictment is “election interference at the highest level.”

Almost every other Republican running for president has adopted this line, insulating Trump from pressure to leave the field.

Trump’s chief opponent, Florida Governor Ron DeSantis said after these indictments: “The weaponization of federal law enforcement represents a mortal threat to a free society. We have for years witnessed an uneven application of the law depending upon political affiliation.”

Republican congressperson Nancy Mace: “This is a banana republic. I can’t believe this is happening.” Rep. Marjorie Taylor Greene: “Democrats are arresting their political enemies. and they work together in their corrupt ways to get it done.”

Trump is using his affliction to raise millions of dollars from his base.

Trump will likely face Arraignment Day III in Georgia in August.  A state prosecutor is expected to charge Trump with criminal interference in the certification of Georgia’s vote for Joe Biden in the 2020 presidential election.

As of now, there is no sign of cracks in Trump’s support among Republican voters.  There is no surge to another candidate.  What remains to be seen is whether Republican voters, as they see Trump spend his days in courtrooms and his evenings at rallies around the country, reach a conclusion that this is a spectacle too far, too much to bear, and that they want to turn to another conservative populist who stands for them in the political trials— and not the criminal trials – of 2024.

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Donald Trump’s legal woes will serve him well

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It’s not often that a U.S. President faces federal indictment, but if it’s going to happen to anyone, it might as well be Donald Trump first.

The news that Donald Trump is facing a federal investigation over the removal of secret documents from the White House in 2021 came as no surprise.

Keen watches of the Washington soap opera have seen this playbook before, albeit in a different form.

There is no doubt that Donald Trump is a Washington outsider. But as seriously damaged as he may be (thanks to the events of January 6), his support base has only grown whenever he faces scrutiny.

For his supporters, his legal woes mirror their own relationship with the government – a giant, unfair beast that picks and chooses its fights.

Trump is accused of storing sensitive documents—including those concerning matters of national security—in boxes, some even in a shower.

The documents were seized last August when investigators from the FBI executed a search warrant at Mar-a-Lago.

The Department of Justice has historically avoided charging people who are running for public office. Whether they should do that is a debate for another day. But it’s happening now. And it’s making it all too easy for Trump to claim there is a concerted campaign to get him away from the White House.

Trump exposed the deep state. IF they exist, they probably don’t want him back in power. Whether they exist doesn’t matter really, because plenty of Trump’s supporters agree with him, and believe the secret state is working against them. Call it QAnon, call it a conspiracy – it doesn’t matter in a democracy.

The DoJ now has to go all in. Failing to secure a conviction would be a serious embarrassment for the department.

This is the second time Trump has been indicted in recent months, yet the opinion polls show he only increases his popularity among MAGA and Republican voters. It leaves the Republican party in a difficult position. Support their leading candidate or support the law?

As other Republicans rallied around the embattled candidate, Trump held on to his loyal base of supporters.

For the Democrats, and for Biden, another reality will soon sink in – if Trump becomes President, and they lose office next year, how will a Trump-run DoJ deal with them?

Broadly, the tit-for-tat one-up-manship of U.S. politics is breaking tradition and potentially breaking the country.

 

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