Do not tax the “off-the-planet” industry for Net Zero: Prime Minister of Australia

Prime Minister Scott Morrison has vowed to protect the industry from “punishing” climate change taxes as the government sets a provisional net-zero target for 2050.

Just days after the global climate summit chaired by US President Joe Biden, Morrison said Australia will set a “unique policy” on how to move to renewable energy, important for the next 30 years. Said it was a change in the energy mix of. Year.

“The key to meeting our climate change ambitions is the commercialization of low-emission technologies,” Morrison said. Australia Business Council Monday dinner. “We are not going to reach our climate change goals by punishing taxes. I am not going to tax our industry outside the globe.”

“It will be achieved by the pioneering entrepreneurial spirit and innovation of Australian industry’s flagship products, farmers and scientists,” he added.

“We are not going to achieve net zero at downtown cafes, dinner parties and wine bars,” said the Prime Minister, pointing out competing priorities between central and rural voters.

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The cafe on Degraves Street in Melbourne opened on June 1, 2020 in Melbourne, Australia for dining customers. (Darian Trainer / Getty Images)

“Winning Pilbara, Hunter, Gladstone, Portland, Whyalla, Belbay, Rivalina and more. In our local towns and suburban factories.”

As an example, the Prime Minister pointed out the early work being done by AGL and Idemitsu of Australia to develop a hydroenergy storage facility in the former coal mine in the upper Hunter region.

Deregulation is also a government focus, and it is estimated that removing the burden of compliance can save companies, individuals, and nonprofits by about $ 430 million annually.

Federal opposition leader Anthony Albanese responded to the Prime Minister’s speech saying that Australia cannot experience “technical misery” regarding the development of renewable energy.

Workers’ climate policies also include funding national reconstruction funds, power line upgrades, $ 200 million in local batteries, and tax exemptions to reduce the cost of electric vehicles.

Gigi Foster, a professor of economics at the University of New South Wales (NSW), said the government should intervene in the energy market only in the short term.

“In terms of long-term goals, sustainable energy solutions, if established without government intervention, will survive in the open market,” she told The Epoch Times.

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On October 26, 2020, a cubic meter tank filled with liquid hydrogen at the Kobe Port Island Plant in Kobe City, Hyogo Prefecture. A dedicated shipping terminal has been built to import liquid hydrogen from Australia. (Etienne Balmer via Getty Images / AFP)

The latest numbers show that Australia’s emission levels have been reached Their lowest level Since 1998, the country has been on track to exceed the 2030 emission reduction targets set by the Paris Agreement.

However, pressure is increasing on the global stage as the European Union and the United Kingdom are considering imposing “carbon tariffs” on trading partners to encourage further emission reduction efforts.

Meanwhile, US President Joe Biden Scheduled to be announced The world’s largest of the United States of “ambitious 2030” in 40 of the world’s leaders Summit on leaders attend the next climate, including the Chinese leader Xi Jinping, head of carbon pollutant emissions targets.

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On November 4, 2016, Chinese workers suck a big wave from a large steelworks in the foreground of an unauthorized steelworks in the Inner Mongolia Autonomous Region of China. (Kevin Flyer / Getty Images)

Biden encourages attendees to use the summit to outline their contributions to climate change efforts.

Associate Professor Salvatore Baborns, an expert in Asian political economy at the University of Sydney, said in January:pdfGiven the Democratic parliamentary control, the affordable energy supply guaranteed by the shale gas boom, and the reduction of carbon emissions since the early 2000s, Biden “imposes” a major climate change agenda in his first term as president. “Probability is high.

“Australia, the world’s largest coal exporter, is losing because it is putting pressure on other countries to stop building new coal-fired power plants,” Baborns said.

Meanwhile, Foster suspected that the summit would be a “watershed moment.”

“The’disastrous’prediction of economics is that in most cases the opportunity for material gains outweighs moral persuasion,” she says, and countries rely on proven methods to address environmental problems. He said it was likely.

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