Britain’s Energy Crisis Shows Risk of Net Zero Emissions: Senator Australia

Australia’s push to legislate a net zero emissions target is partly firmly believed that climate policy could harm Australia’s energy security and industry amid Britain’s own elucidated energy crisis. It has spurred discord from government officials.

Australia faces criticism that it has not set a net zero target for 2050. This is a goal already achieved by many developed countries in the world, including the United States and the United Kingdom (UK).

However, Nationals Senator Matt Canavan pointed to the United Kingdom, suggesting that the ongoing energy crisis was a direct result of the net zero emissions program.

“The UK is about to reach Net Zero. They have passed a law to do that,” Canavan said. 2GB radio.. “They aren’t there yet, but they’re on the road, and they’re already on the road, seeing a situation where the industry is being asked to shut down just to keep the lights on. . “

Over the last 50 years, the UK has stopped coal power and has become more dependent on gas as its primary source of electricity. Most of them are imported from Europe.

In addition, significant investments in renewable energy over the last decade have boosted wind power, contributing 24% of total power in 2020.

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UK coal, gas, nuclear and renewable energy consumption from 1965 to 2019. Source: Our World in Data. (The Epoch Times)

However, in the UK, gas prices have recently skyrocketed by 400%, and the confluence of unexpected factors has curtailed national supplies, including record low wind speeds and fires at major power interconnects in France and the UK. Later, the price of electricity rose 250%. , Nuclear power plant shutdown, and gas shortages sweeping Europe.

This has already led to the collapse of some energy providers, but other industries such as steelmaking and manufacturing have been forced to choose to shut down during peak hours to avoid paying exorbitant energy bills. increase.

Mr Canavan warned against the recurring crisis in Britain and said he disagreed with NetZero because the law could undermine Australia’s critical infrastructure.

“We need to maintain energy independence. We are fortunate to be able to obtain and grow coal and gas production,” Kanaban told The Epoch Times.

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National Party Senator Matthew Canavan at a press conference at the Parliament Building in Canberra, Australia, June 22, 2021. (AAP Image / Mick Tsikas)

Canavan also said Australia could not lose its energy independence amid concerns about growing hostility from Beijing.

“This is especially when our leaders and defense officials are very concerned about the risk of conflict in our region and can be dragged into the risk of conflict with China. I don’t think it’s the right decision for the country. It’s not the right priority, “Canavan told 2GB radio.

“The right priority right now is certainly to get more. [that are made in Australia].. That’s what we have to do … If you don’t have a strong industrial economy, you can’t protect yourself. If you can’t rely on energy, you can’t protect yourself, “he said.

“So why are we trying to shut down the coal and gas industry that creates our energy independence as a nation?”

Australia’s deputy prime minister and National Party leader Barnaby Joyce is not explicitly opposed to the zero net goal, but Australia needs to consider the economic consequences of the closure of the country’s coal industry. Said there is.

Meanwhile, Treasury Secretary Josh Frydenberg said the lack of a specific net-zero deadline could undermine the investment that flows into Australia.

“The market is moving as governments, regulators, central banks and investors are preparing to reduce future emissions,” Frydenberg said. Said In a speech to the Australian Industrial Group. “Institutional investors themselves are increasingly working on Net Zero goals, like BlackRock, Fidelity and Vanguard, three of the world’s largest fund managers.”

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Australian Treasury Officer Josh Frydenberg will speak on June 28, 2021 in Melbourne, Australia. (Photo by WILLIAM WEST / AFP via Getty Images)

Freidenberg said the Australian economy relies heavily on imported capital to stimulate the growth of the economy as a whole, including $ 4 trillion (US $ 2.9 trillion) worth of foreign-invested stocks.

“Australia is at stake,” Frydenberg said. “We cannot take the risk of falsely assuming that the market is not migrating in line with the rest of the world.”

Environmental groups are also pressing Australia to quickly track emission reduction efforts to address concerns about ecosystem damage and global warming.

The Climate Council, a climate change communications organization, urged Australia to promise a net zero deadline prior to the 26th United Nations Climate Change Conference in Glasgow, Scotland.

“Australia refuses to raise its 2030 emission reduction target or promise zero net emissions.” Said A spokesperson for the Climate Council and Professor Emeritus Will Steffen of the Australian National University. “Science has made it clear that the world needs to urgently reduce emissions over the last decade, but none of Australia’s commitments are a significant contribution to this goal.”

Daniel Kumerev