Carbon Economy

China (31.5% of total), the United States (13.0% of total) and India (8.1% of total) are the world’s three largest carbon emitters. In 2023, these three nations accounted for more than half (52.6%) of the world’s carbon emissions.

The federal government is targeting 82% of electricity being generated by renewables by 2030.

By Dr Cameron Murray and Aidan Morrison, cross-posted from Fresh Economic Thinking.

The federal Labor Party announced its Powering Australia Plan in late 2021, promising to cut National Energy Market (NEM) wholesale power costs by $11 per MWh, from $62 to $51, by 2025.

Much of the Western world is deindustrialising to meet ‘net zero’ emissions targets.

Labor launched its Powering Australia Plan in late 2021, promising to reduce National Energy Market (NEM) wholesale power rates by $11 per MWh, from $62 to $51, by 2025.

I’m sorry for the satirical headline.

Much of the Western World is rapidly deindustrialising to meet ‘net zero’ emissions targets.

The Chinese depression is proving to be a real barnstormer.

Australia’s politicians, the media, and environmental groups want us to believe that climate change is the biggest environmental threat.

Australia’s politicians and media want us to believe that climate change is the biggest environmental threat.

According to the Climate Change Authority’s (CCA) annual progress report, Australia’s CO2 emissions fell by 3 million tonnes between 2023 and 2024, accounting for one-fifth of the 15 million tonnes required annually to meet the federal government’s target of 43% reduction in emissions from 2005 by 2030.

The chief lobby group for electric vehicles (EVs), the Electric Vehicle Council (EVC), has issued a media release triumphantly claiming that EVs broke the 100,000 sales barrier for the first time in 2024.

Australia’s emissions decreased by 3 million tonnes of CO2 over 2023–24, according to the Climate Change Authority’s (CCA) annual progress report, which was a fifth of the 15 million tonnes annually needed to meet the federal government’s target of emissions falling 43% on 2005 levels by 2030.

The Climate Change Authority’s (CCA) latest annual progress report has revealed that emissions fell by 3 million tonnes of CO2 over 2023–24, which is a fifth of the 15 million tonnes needed to be cut annually to hit the federal government’s target of emissions falling 43% on 2005 levels by 2030.

The ABC’s Gareth Hutchens published an article explaining the incompatibility between Australia’s growing population and reducing its carbon emissions.

The Climate Change Authority has warned that Australia must cut emissions by 75% by 2035 to limit global warming to 1.5 degrees.

Philip Oldfield, head of UNSW’s school of the built environment and a researcher in sustainable and low-carbon architecture, has penned an article in The Guardian warning that the federal government’s target of building 1.2 million homes over five years risks blowing Australia’s emissions targets.

Again, forgive my lack of charts.

Australia’s last major plastics maker, Qenos, is set to close by the end of the year after creditors approved its sale to property developer Logos.

You simply cannot have the universe’s largest property crash and keep growth running consistently. In April , the manufacturing purchasing managers index ( PMI ) was 50.4% , down 0.4 percentage points from the previous month.

The IEA released its annual CO2 data for 2023 last Friday.