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Scott Morrison will use his closing remarks on the G20 summit in Rome to declare local weather finance should concentrate on adaptation and “empowerment”, not simply on emissions discount.
Australia’s prime minister will even push again at coordinated world efforts to section out fossil fuels.
Morrison flies to Glasgow on Sunday evening to attend the United Nations-led Cop26 local weather convention after two days in Rome on the G20 summit. In Scotland, international locations will deliberate on a brand new purpose for worldwide local weather finance after 2025, together with a job for personal finance.
In his closing remarks on the G20, Morrison has defended his authorities’s local weather insurance policies within the face of sustained home and international criticism.
Whereas a number of G20 international locations have pushed Australia to spice up ambition within the current decade, together with america and the Cop26 host the UK, Morrison will inform his friends “Australia has already decreased its emissions by greater than 20% on 2005 ranges, which is greater than many of the international locations sitting round this desk”.
He will even name for a shift in considering round local weather finance. The present Inexperienced Local weather Fund (GCF) was arrange by the UN’s local weather conference to assist growing international locations adapt to the impacts of local weather change and reduce their very own greenhouse fuel emissions.
Morrison pulled Australia out of the fund in 2018 during an interview with radio broadcaster Alan Jones. Subsequently, Australia has funded tasks within the Pacific area, and within the lead as much as Glasgow, the Morrison authorities has flagged extra bilateral agreements to pursue rising applied sciences, and an effort to arrange a brand new framework within the Indo-Pacific for carbon offsets.
In his remarks on Sunday, Morrison acknowledged that funding ought to go to emissions discount but in addition to tasks serving to international locations adapt to take care of the impacts of world heating. Funding must also give the growing world company, he mentioned.
The prime minister mentioned the reply to the local weather disaster was not compensation for growing international locations, “or taxing them with border tariffs, or having them accept much less, however specializing in the scientific, technological and engineering options that may remodel their economies and allow them to succeed, because the developed world has”.
Morrison mentioned worldwide local weather agreements ought to settle for the method of transition, quite than search “abolition” – which is a reference to strikes by a number of developed economies to curb methane emissions and speed up the phasing out of fossil fuels, in step with what local weather science says is important to avert runaway world heating.
He mentioned Australia was investing closely within the growth of recent applied sciences “to realize the objectives that our personal modelling exhibits will transfer the dial and make a web zero economic system achievable – not simply in Australia, however in India, Indonesia, Vietnam, Brazil and South Africa”.
Morrison mentioned a growing world-centred method carried “disfranchisement dangers”. Worldwide local weather agreements have by no means targeted completely on the growing world, however as an alternative have been framed round a precept of widespread however differentiated obligations, that means wealthy international locations do extra as a result of they’ll afford to. Morrison mentioned any answer “that’s geared solely to developed international locations doesn’t remedy local weather change”.
“Any answer that doesn’t empower and allow growing international locations to industrialise and carry their incomes and lifestyle in a brand new decarbonised vitality economic system, as a part of our world local weather change response, additionally doesn’t remedy local weather change,” Morrison will say.
Morrison will inform his G20 friends Australian investments in know-how are targeted on storage, sequestration, industrial processes and local weather adaptation.
He mentioned lots of the applied sciences existed now, however he acknowledged that a number of the strategies most popular by Australia in its web zero technique weren’t but in existence, “similar to a Covid vaccine didn’t exist two years in the past”.
Whereas specialists say the transition to carbon neutrality requires not solely technological options to decrease emissions but in addition clear targets, insurance policies and mechanisms that enable worth alerts facilitating environment friendly funding through the transition, Morrison will declare in Rome that “know-how at price and scale is the reply”.
“Australia intends to play a serious position on this and the provision chains which can be wanted to drive the brand new vitality economic system, and we wish to accomplice with others who wish to obtain the identical,” Morrison mentioned.
Whereas the federal government’s political mantra for its local weather insurance policies is “know-how not taxes”, its most popular method to managing the transition is bankrolled by important taxpayer funded expenditure.
On Sunday, the minister for vitality and emissions discount, Angus Taylor, acknowledged the Coalition’s “know-how not taxes” plan for web zero emissions by 2050 could cost taxpayers much more than the $20bn already allocated.
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