The Rudd Government should impose a 10% levy on coal exports to raise $5 billion a year for clean coal technology and governments of the world should accompany an international post-2012 climate change agreement with a 'parallel treaty' on atmospheric cleansing, according to Tim Flannery.
Professor Ross Garnaut this morning handed to Prime Minister Kevin Rudd an all-embracing set of policy proposals to combat climate change. Garnaut warned that a failure by this generation to deal with climate change 'would haunt humanity until the end of time'.
As the G8 summit looms, former UK Prime Minister Tony Blair releases a report telling G8 leaders the world needs a radical solution – involving cleaner coal and nuclear power – that steers the world away from carbon dependency.
Meanwhile, California outlines plans for a 30% emissions cut by 2020.
A PwC survey of more than 100 senior power utility executives across the globe - including 15 in Australia - shows industry expectations of 'clean coal' are generally low, and most believe nuclear power will edge out renewables as the technology having the biggest impact on greenhouse gas emissions.
NSW today introduced a bill to establish a 'clean coal' fund that could receive hefty contributions from the coal industry. But, unlike similar Queensland legislation passed last year, it doesn't commit the state to lobby for industry contributions to be treated as offsets under an emissions trading regime.
Meanwhile, Prime Minister Rudd and Climate Change Minister Penny Wong announced funding for cleaner coal projects in China and for a carbon accounting pilot project to help China prepare for 'possible participation in future global carbon markets'.
The Victorian state government will, in the next 10 days, sign a Memorandum of Understanding with the Clinton Initiative that will focus on carbon capture and storage and low-emission and energy efficiency technologies, Victorian Premier John Brumby has just announced.