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Rules to pressure CEFC inexperienced financial institution to fund Carbon Seize and Storage wins Australia a Gold Fossil Award, Brazil 2nd for backwards time journey

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The dastardly deeds preserve rolling with Australia, with dedication to alter the rules for the Clear Power Finance Company to fund Carbon Seize and Storage to maintain fossil fuels afloat.

The announcement echoed in Glasgow within the cavernous assembly halls of the UN Local weather Change convention COP26 and Local weather Motion Community awarded a 1st place award to Australia. That is Australia’s fifth Fossil of the Day award at this COP.

The Federal Authorities will add $500m boost to CEFC, however will attempt to replace rules for this cash to go on Carbon Seize and Storage (A failed know-how), and soil carbon. Laws is required and this isn’t a accomplished deal but. It requires Labor and Senate crossbench to help this. Many Australians will likely be calling on Labor, Greens and Crossbench MPs and Senators to oppose this alteration to the CEFC remit.

FOR IMMEDIATE RELEASE, Glasgow, Scotland, DATE 10/11/21

And it’s GOLD for Australia ultimately at COP26 right here in Glasgow!!

Australia wins the primary Fossil of the Day award this time.

The day has lastly come. After bagging 4 fossil awards to this point at COP26 Australia has now gained its first GOLD (applause, please). All that onerous work and energy has paid off after:

  • No new insurance policies to cut back emissions or section out fossil fuels;
  • Failing to ship formidable NDCs;
  • Approving three new coal initiatives within the final months;
  • Ruling out signing the International Methane Pledge;
  • An ‘inaction plan’ for EVs in favour of gasoline guzzling vehicles;
  • Rolling out the crimson carpet for gas-giant Santos of their COP pavilion;
  • Inviting session on ten new areas for offshore petroleum exploration;
  • Not updating the 2030 goal.

Now safely again in Oz, the PM has outdone himself by saying one other really sensible #ScottyFromMarketing plan. To maintain the fossil gas ball rolling he’s going to speculate a whopping $740 million in fossil gas tech, similar to Carbon Seize and Storage, which Australia’s public inexperienced financial institution goes to be compelled to swallow.

All eyes are on Glasgow and draft texts for the time being however Scott John Morrison, you’re nonetheless catching our eye by flying the carbon emissions flag down underneath – no matter subsequent.

Brazil wins second place for transporting a complete nation again in time 

A report launched, this week, by the Brazilian NGO Instituto de Estudos Socioeconômicos (Inesc) confirmed that Brazil has elevated the quantity of direct and oblique subsidies granted to fossil gas firms by 25% from 2019-20 – an astronomical $22bn.This eclipses, by a way, the nation’s training funds, which the nation’s Chamber of Deputies has reported fell by 56% between 2014 and 2018, from about $2.3bn to only over $1bn.

Choices that result in such breathtaking disparity are very troublesome for us to grasp. We began to grasp the mindset that may result in such inequality after listening to feedback from the Brazilian Minister of the Atmosphere, Joaquim Leite, in the course of the COP26 plenary, on Wednesday:

“We’ve got to recognise that the place there may be lots of forest, there may be lots of poverty.”

On first studying, we mistakenly assumed the assertion really got here from the journey journal of an opium-addled 18th century missionary coloniser. However no, these phrases had been really spoken in Glasgow, in 2021. Sadly, they solely go to substantiate the Brazilian Authorities’s illogical, and really harmful, rationale. These are sobering figures and feedback that make us want we had a time machine to ship Bolsanaro’s authorities again to the prehistoric age, the place their concepts and insurance policies belong.

==END==

Concerning the fossils: The Fossil of the Day awards had been first introduced on the local weather talks in 1999, in Bonn, initiated by the German NGO Discussion board. Throughout United Nations local weather change negotiations (www.unfccc.int), members of the Local weather Motion Community (CAN), vote for nations judged to have accomplished their ‘greatest’ to dam progress within the negotiations within the final days of talks.

About CAN: The Local weather Motion Community (CAN) is a worldwide community of over 1,500 Non-Governmental Organizations (NGOs) in additional than 120 nations working to advertise authorities and particular person motion to restrict human0induced local weather change to ecologically sustainable ranges.

Local weather Motion Community (CAN) is a worldwide community of greater than 1,500 civil society organisations in over 130 nations driving collective and sustainable motion to battle the local weather disaster and to attain social and racial justice. CAN convenes and coordinates civil society on the UN local weather talks and different worldwide occasions.

www.climatenetwork.org

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