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Australia to reshape manufacturing base as Greens deal excludes fossil fuels from flagship industry policy

Renew Economy

Greens make last minute commitment to vote for $22 billion Future Made in Australia policy under proviso no support would go to coal, oil and gas. The post Australia to reshape manufacturing base as Greens deal excludes fossil fuels from flagship industry policy appeared first on RenewEconomy.

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Fossil-Fuel Subsidies Stay High but G-20 Inch Forward on Carbon Pricing and Climate-Risk Policy

BloombergNEF

BloombergNEF analysis suggests that some Group-of-20 governments have made headway on implementing robust policies to tackle climate change, others have not. The post Fossil-Fuel Subsidies Stay High but G-20 Inch Forward on Carbon Pricing and Climate-Risk Policy appeared first on BloombergNEF.

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Annual global fossil fuel subsidies jump to $1.7 trillion – just in the G20

Renew Economy

trillion of fossil fuel subsidies in 2022, and Australia gets a mixed review. The post Annual global fossil fuel subsidies jump to $1.7 Latest data shows that G20 countries alone provided $A1.7 trillion – just in the G20 appeared first on RenewEconomy.

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UK quits treaty that lets fossil fuel firms sue governments over climate policies

The Guardian: Energy

Britain joins France, Germany, Spain and the Netherlands in withdrawing from charter it says ‘penalises’ shift to net zero The UK is pulling out of a treaty that lets fossil fuel firms sue governments over their climate policies.

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EU Accused of Inviting Fossil Fuel Executives to COP28 Under False Pretences

DeSmogBlog

The EU invited five representatives of fossil fuel giants, including executives from BP, ExxonMobil, and Eni, to the flagship climate talks in December last year. More fossil fuel lobbyists were granted access to the Dubai summit than any previous year. It’s surreal,” he said.

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Stubborn fossil fuel emissions threaten to blow global carbon budget

Renew Economy

The post Stubborn fossil fuel emissions threaten to blow global carbon budget appeared first on RenewEconomy. Scientists including Australia's CSIRO warn that there is a 50% chance the world's "carbon budget" will be exceeded in six years.

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Fossil fuel industry loses its grip over Australia’s climate and energy policies

Renew Economy

Change of government will see a clean-out of fossil fuel industry lobbyists that held sway in the corridors of power for nearly a decade. The post Fossil fuel industry loses its grip over Australia’s climate and energy policies appeared first on RenewEconomy.