The global financial crisis must not be used as 'an excuse to give up' and developing countries that are major emitters must be prepared to make binding commitments, Climate Change Minister Penny Wong last night told the London School of Economics.
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'.
Interdependence is this century's "central organising principle" as the world faces up to a level of greenhouse gas emissions that "radically affects the future of the planet itself", Prime Minister Kevin Rudd this morning told the UN General Assembly in New York. He committed Australia to using "creative middle-power diplomacy" to help resolve global challenges and called for "governments and companies of good will" to participate in the nation's proposed global CCS institute (plus audio)
CE Daily trawls through Carbon Disclosure Project responses, released in New York overnight, and looks at how Australian companies are gearing up for the new climate policy regime. Plus, which companies responded – including Boral, AMP and News Corporation – and which didn't – including Nufarm, St George Bank and Fairfax.
The costs of cutting emissions will be greater than expected, according to soon-to-be-released OECD research. Meanwhile, a separate study to be released next month says global nuclear capacity could increase almost four-fold by 2050.