Its out and its worrying
It help polluters with quicker, cheaper, easier reductions at climate's and taxpayer's expense.
#auspol
Thread
This includes amending mandates for our clean energy funding bodies the @CEFCAus and @ARENA_aus to now allow them to not fund clean energy through CCS
smh.com.au/politics/feder…
The gov has already spent $1.3b on CCS with nothing to show for it, see @TheAusInstitute report
Yep clean coal 2.0
tai.org.au/content/money-…
The mechanism was meant to safeguard the climate by capping polluting facilities, but failed to do so with generous baselines and poor enforcement
theguardian.com/environment/20…
Better alternative? Tighten the safeguards baselines!!!
reneweconomy.com.au/industry-green…
What could go wrong?
Earlier this year, lobbying to access credits for coal upgrades was blocked. This is much worse.
theguardian.com/environment/20…
As @MichaelM_ACT points out it wasn't formally announced, there were no public consultations
Also the Government is agreeing or noting every recommendation (when does that every happen?)
reneweconomy.com.au/morrison-to-re…
He is claiming CCS is widely accepted.... as a failure and it is not broadly used. It has broadly failed.
Yes for Enhanced Oil Recovery!
For storage, CCS has failed massively! Every international CCS target has failed - see @TheAusInstitute report
tai.org.au/sites/default/…
And loudly calling for a stimulus package that unites the pandemic response with climate action, like so many other developed countries (New Zealand, South Korean, Germany, Denmark...)
#auspol