02/12/2015

Climate Change Protestors Stage Sit-In At Parliament House

Fairfax

Protesters stage a sit-in at Parliament House on Wednesday. Photo: Colin Bettles

Protesters swarmed Parliament House to demand action on climate change on Wednesday.
More than one hundred people participated in the lunchtime sit-in in the marble foyer, including Greens leader Richard Di Natale.
Protesters chanted "the whole world is watching" as the severely outnumbered security guards began to pull people out.
Among them was 93-year-old World War II veteran and environmental activist Bill Ryan, who was escorted out with his walker.
Aboriginal elder Aunty Mabel of the Bailai people was the last to be ejected as demonstrators reconvened outside parliament.
"The people who have had the task of caring for our earth have stuffed up. Those in power who sit in those chambers have the power and responsibility to make those decisions [to improve our environment] happen. Put the planet before profits," one protester read out to raucous cheers.
The so-termed People's Parliament comes as climate change talks continue in Paris.
Prime Minister Malcolm Turnbull arrived back in Australia on Wednesday morning after rejecting a statement of support for reform of fossil fuel subsidies.

COP21: A Potluck Dinner in Paris

THE NEW YORKER - John Cassidy

The decision to forgo a formal treaty was made partly to assuage the concerns of the world’s two biggest polluters, the United States and China. Credit Photograph by Laurent Vu / Pool / SIPA USA via AP

Now that the 2015 United Nations Climate Change Conference is under way in Paris, two main issues arise: Will an agreement to reduce carbon levels in the atmosphere be reached? And, if so, will it do any good? The answer to the first question is: almost certainly. The answer to the second question is: some, but not enough.
The good news is that, after more than twenty years of trying, the nations of the world are finally closing in on a deal that has the backing of all the major polluters. This much was clear from Monday’s opening ceremony, which attracted a host of global leaders. If politicians like President Obama, Chinese President Xi Jinping, and Indian Prime Minister Narendra Modi didn’t think a positive outcome was likely, they wouldn’t have made the trip.
Of course, it is always possible that the negotiations, which are scheduled to last for nearly two weeks, will break down, as they did in 2009, when a similar meeting was held in Copenhagen. For at least two reasons, though, that seems unlikely. First, despite talk of the need to reach a legally binding agreement on climate change, the Paris conference isn’t aimed at producing an actual treaty. While some parts of the deal, such as the arrangements for monitoring the targeted emission levels, may well be codified, participation in the process will be voluntary, and enforcement will rely largely on peer pressure. The hundred and ninety-three participants in the talks have given up on seeking to forge a direct successor to the 1997 Kyoto treaty, which saw most advanced nations (but not the United States) agree to limit emissions. Instead, they have agreed to hold a huge potluck dinner, in which each country brings what it can.
The U.S. delegation is bearing a promise that, by 2025, the United States will reduce greenhouse-gas emissions by twenty-eight per cent compared to the 2005 level. The European Union says that, by 2030, it will cut emissions by forty per cent compared to the 1990 level. Russia is pledging a cut of twenty-five to thirty per cent relative to the 1990 baseline. Mexico says that, by 2030, it will reduce emissions by at least a quarter relative to a “business-as-usual scenario.” Malaysia says that, by 2030, it will have cut emissions by forty-five per cent relative to the 2005 level. And so on. (The Web site Carbon Brief has compiled a useful list of these pledges, and has analyzed a number of them in depth.)
The decision to forgo a formal treaty was made partly to assuage the concerns of the world’s two biggest polluters, the United States and China. With the Republicans controlling the Senate, there was virtually no chance of a treaty being ratified in this country. Not much has changed in this regard. In 1997, when many advanced countries signed the Kyoto treaty, the first concerted global effort to limit carbon emissions, a frustrated Clinton Administration didn’t even bother sending it to Capitol Hill.
China, for its part, has always insisted that countries should be allowed to tackle climate change in their own way and at their own pace, rather than being subjected to binding international agreements. (In Copenhagen six years ago, China’s recalcitrance was a major reason for the failure to reach a deal.) Speaking in Paris on Monday, Xi repeated this message. What has changed—and what, more than anything else, makes a deal in Paris possible—is that the Chinese government, for its own reasons, has decided to get (somewhat) more serious about tackling air pollution and global warming. The key moment came a year ago, when China agreed to cap its over-all carbon emissions by 2030. Since then, senior party officials have said that this date could be brought forward to 2025.
With the potluck-dinner model in place and China having confirmed its attendance at the table, finalizing the agreement will come down to securing the backing of India and other developing countries. In an op-ed in Monday’s Financial Times, Prime Minister Modi reminded everyone about the basic inequity at the heart of climate-change policy: advanced nations, such as the United States, industrialized by burning lots of fossil fuels, and now they are asking developing countries to forgo this path. “Justice demands that, with what little carbon we can still safely burn, developing countries are allowed to grow,” Modi wrote.
That is the grand principle at stake. The practical sticking point is money. At Copenhagen, rich countries said that they would provide a hundred billion dollars a year in aid and investment to help poor countries develop greener forms of power and adapt to climate change. Modi and other leaders from the developing world are understandably keen to nail down this commitment and see it expanded. Ultimately, however, it seems unlikely that they will block an agreement. “India will do its part for success in Paris,” Modi concluded in the Financial Times.
But what would success mean for the big picture? To the skeptics, not very much at all. They say the deal under consideration is too small, too vague, and too late to prevent a dangerous rise in temperatures. “The underlying condition continues to deteriorate,” Dieter Helm, an economist at Oxford University, writes in a new edition of “The Carbon Crunch,” his 2012 book. “In 2012 another two parts per million (PPM) of carbon dioxide (CO2) were added to the atmosphere, followed by another 2.8 ppm in 2013 and roughly the same again in 2014. Roll forward to 2030 and the total will be close to 450 ppm, up from the current 400 and close to twice pre-industrial levels—a Paris agreement notwithstanding.”
Originally, the Paris agreement was meant to hold the global rise in temperatures to two degrees centigrade (3.6 degrees Fahrenheit), relative to pre-industrial times. Largely because of all the coal-fired power stations that China, India, and other countries have built in recent years, many climate-change experts now believe that, regardless of what happens in the next couple of weeks, this ceiling will be breached. Scientists associated with the United Nations recently acknowledged that, even if the Paris summit is a success, it will likely only be enough to contain warming to 2.7 degrees Celsius. And many others involved in tackling climate change think that this is an optimistic assessment. “It’s nice for people to talk about two degrees,” Bill Gates told The Economists Joel Budd recently. “But we don’t even have the commitments that are going to keep us below four degrees of warming.”
Defenders of the Paris approach say that it’s the best option that is politically feasible. Efforts to produce a more rigid, top-down multinational agreement have foundered, as have moves to promote a global tax on carbon, which many economists advocate. The potluck-dinner approach has gained widespread support, and it could arguably establish a common framework that can be strengthened going forward. Once each country has issued its carbon-emissions target, its progress will be monitored by U.N. experts. Further summits will be held, and new targets could be issued. Over time, the optimists say, the process of tackling carbon emissions will “ratchet up.”
Perhaps that will happen. For now, though, there is no agreement on how the ratchet will work. The United Kingdom and other European countries are said to be pressing for summits to be held held every five years, at which new targets would be set. India and other developing countries appear to be resisting a fixed timetable. And even if such an arrangement is reached, there remains the question of how much time the world has left in which to reduce carbon emissions.
Until recently, the academic consensus was that, given current emissions rates, we had about thirty years left before burning more carbon would cause a dangerous rise in temperatures. (In this context, “dangerous” is defined as an upward move of more than two degrees centigrade.) Now, though, some experts are suggesting that the trigger point could arrive in fifteen to twenty years. Whatever happens in Paris, it is generally agreed that over-all emissions will still be rising in the period leading up to 2030, which means that, if the pessimists are right about the trigger point, it could be too late to prevent a drastic shift in the earth’s climate.
Of course, climate-change science is imprecise, and the long-term forecasts that it generates can always be challenged. At best, they are educated estimates. But one thing seems clear: in tackling this mother of all economic externalities, humankind is leaving it late.

Australia Approved Coalmine Because It Isn't A 'Neo-Colonialist' Power, Greg Hunt Claims

The Guardian - Lenore Taylor

Environment minister defends approval of Indian company Adani’s $16bn Carmichael mine, saying ‘poorest should be able to make their own decisions’
Abbot Point, surrounded by wetlands and coral reefs, would become the world’s largest coal port should the Carmichael mine and the associated port expansion go ahead. Photograph: Tom Jefferson/Greenpeace

The Australian government approved Adani’s controversial $16bn Carmichael coalmine in Queensland because it was not a “neo-colonialist”power that tried to tell poor countries what to do, environment minister Greg Hunt has told a side event at the Paris climate summit.
Hunt was speaking about the coalition’s Direct Action policy at an OECD event on different climate policies when he was challenged by a questioner about why the government had approved the Adani mine given the huge quantity of emissions its coal would create.
“This is not an Australian government project, it is a private sector firm from India and ... I thought we were over neocolonial moment where the wealthy decide what happens to the poor,” Hunt countered.
“I hope you would agree the poorest countries should be able to decide their own energy future. I am not a neo-colonialist. I think the poorest should be able to make their own decisions,” he said.
And he said the federal environment law allowed him to judge projects according to strict criteria, but greenhouse emissions weren’t one of them.
“It is not our project, there is no federal money, the federal government of Australia acts as a judge not as an advocate and I think it is very important that individual countries set their targets and make their own decisions,” he said.
Conservation groups have asked the federal court to overturn the Hunt’s approval Carmichael because he did not take into account the impact on the Great Barrier Reef of the greenhouse gases emitted when the coal is burned.
A recent report designed to highlight the quantity of emissions that would be created by the coal from the mine found that it would create annual emissions similar to those from countries like Malaysia and Austria and more emissions than New York City.
Others on the panel, including the head of the renewable energy division of the International Energy Agency, Paolo Frankl, said “reverse auctions” like Australia’s Direct Action scheme were proving very efficient around the world, especially in financing renewable energy projects. (Australia’s scheme has not been used for this purpose, but has mainly financed land use, waste and energy efficiency projects.) But he said a carbon price was usually also needed to drive a long term price signal.
Asked if reverse auctions could be used on their own to give business the long term price signals, Frankl said “it can but it would not be very useful. If you look at Brazil and Australia that is exactly what they are doing now, but in addition to that there should be a carbon price which could give an additional signal ... we need some long term price signal but also some short term signals.”
Hunt is leading Australia’s delegation in the first week of the two-week Paris climate summit which aims to reach an agreement to progressively increase the ambition of global efforts to reduce greenhouse gases out to 2030.
The foreign minister, Julie Bishop, will take over the negotiating lead next weekend. The talks began in earnest on Tuesday after a day of speeches by 150 world leaders designed to give them purpose and momentum.
Over the two weeks delegates will seek to overcome deep divisions over issues including whether rich and poor countries must face the same rules for reporting and checking their emission reductions and the amount of financing developed countries will provide to help poor nations reduce their emissions and deal with the impact of climate change.

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No Matter What He Says In Paris, Turnbull Is Still Handcuffed To The Climate Change Dinosaurs

The Guardian - Larissa Waters

Turnbull’s speech at the Paris climate change conference was a stunning example of fine but empty rhetoric, but we’re still left with the status quo

‘As Malcolm Turnbull demonstrated at the Paris climate change conference this week, the climate dinosaurs of the coalition parties still pull the strings’ Photograph: Francois Mori/AP

Saying one thing and doing the opposite is clearly not a smart political strategy but it seems to be becoming the prime minister’s modus operandi, especially on climate change policy.
As Malcolm Turnbull demonstrated in Paris this week, the climate dinosaurs of the coalition parties still pull the strings on what he can actually do to tackle global warming. On the other hand, what he says about climate change does appear to be crafted with the intensifying public momentum for climate action in mind.
The government’s many climate deniers are determined to stick with Tony Abbott’s weak climate policies. The Nationals handcuffed Malcolm Turnbull to those dangerous policies in their coalition agreement which locks him in for the life of his prime ministership.
You only need to look at the conservative revolt led by Ian Macfarlane, Barnaby Joyce and George Christensen on Monday that prevented Australia from signing a New-Zealand-led agreement of 40 countries to phase out fossil fuels subsidies. Australia was left looking isolated as an obvious wrecker, content to keep propping up coal at the expense of taxpayers and the clean energy industry.
The anti-science, coal-obsessed ranks of the backbench are completely out of touch with the vast majority of Australians. More than 170,000 people marched across the country on the weekend and about two-thirds of Australians want the government to commit to significant climate pollution cuts. Stuck between the two opposing forces, Malcolm Turnbull appears to have let the dinosaurs control his actions while trying to sound like he speaks for all Australians. Surely though, he realises this isn’t going to work – Australians aren’t stupid and don’t like to be treated as though they are.
The prime minister’s speech in Paris was a stunning example of fine but empty rhetoric. He made what sounded like three announcements but at the end we were left with the status quo.
Firstly, the prime minister announced Australia would ratify the second commitment period of the Kyoto Protocol. This was basically confirmation that Australia will meet its measly 5% target in climate pollution reduction to 2020.
When the target is that pathetically low, meeting it is nothing to crow about. This is especially galling because this success is partly due to the carbon price that Tony Abbott abolished and the renewable energy target which he cut, supported by Malcolm Turnbull.
Secondly, Malcolm Turnbull announced Australia would double investment in clean energy innovation over the next five years, joining the Barack Obama and Bill Gates-led plan, Mission Innovation. While this sounds very exciting, it’s completely at odds with the Turnbull government’s plan, reiterated only this week, to abolish the two government bodies driving clean energy investment and innovation.
The Australian Renewable Energy Agency (Arena) and the Clean Energy Finance Corporation (CEFC) are both incredible success stories in clean energy innovation. Together they will invest $23bn of public investment in renewable energy and leverage much more private investment over the next 10 years. The CEFC actually makes money for taxpayers through clean energy investment. If it wasn’t for the Senate blocking the government’s plan to scrap both the CEFC and Arena, their amazing work in powering a national clean energy revolution would be lost.
Thirdly, the prime minister announced Australia would contribute some more money from our existing aid budget to help developing countries deal with global warming. Our aid budget is already at a historic low because of the current government’s savage cuts. The slight increase in the proportion of aid funding to be directed to climate finance pales in comparison to the generous announcements of Canada, the UK and Germany.
What’s more, the Turnbull government’s measly contribution fails to live up to our responsibility as the wealthiest country in the Pacific, a region already suffering some of the worst impacts of global warming.
Australia has the potential to be a regional leader in clean energy and climate change adaptation. Not only is it the right thing to do by our regional neighbours and our environment but it will bring our economy into the 21st century. While new coal mines are increasingly set to become stranded assets, clean energy technology is powering ahead offering the jobs of the future. The prime minister needs to stop letting his climate-denying masters get in the way.

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01/12/2015

No More 'Business As Usual' For Australia As Climate Change Hits Economy For $8bn

The Guardian - Amanda McKenzie*

Risks around extreme weather are high for Australian companies, but there are also plenty of opportunities to benefit from the ‘business boom’
Steam billows from the cooling towers at TruEnergy Holdings Pty’s Yallourn coal-fired power station in Yallourn, Victoria. Photograph: Bloomberg/Bloomberg via Getty Images

This week, world leaders are meeting in Paris to reach a new climate agreement to keep global temperature rise to no more than 2C above pre-industrial levels. Yet the responsibility for tackling climate change, and sustainability issues more broadly, does not rest on the shoulders of politicians and diplomats alone.
Australian business also has an important role to play and there are two reasons they should care: risk and opportunity. Climate change is a massive risk to the business community. Every industry must consider its specific risk to income and expenses but most commonly these will include physical impacts, regulation, competition, insurance, changing markets, investment, energy infrastructure and litigation.
For Australian businesses, the risks around extreme weather are particularly high. More than half of the world’s natural disasters occurred in the Asia Pacific in 2014 and Australia is the most vulnerable advanced economy to the impacts of climate change. More than $226bn in commercial, industrial, road, rail and residential assets around Australia’s coast are potentially exposed to flooding and erosion hazards at a sea level rise of 1.1 m – a high end but quite plausible scenario for 2100.
There’s also a growing body of research which looks at the possible ways in which our financial systems themselves may be vulnerable to climate risk.
Consider the physical impacts alone: so far global temperatures have increased nearly 1C. That may not sound like much, but in the past 50 years heatwaves have become hotter, last longer and occur more often. The increase in hot weather observed in the decade between 2000 and 2009 has already reached the best estimate projected for 2030.
In the summer of 2013/14 – known as the “angry summer” – 156 records were broken in 90 days. Similarly 2015 is likely to surpass 2014 as the hottest year on record, while October was the hottest October on record for Australia.
Recent research by David Karoly and colleagues from the University of Melbourne shows that human-driven climate change made this new record at least six times more likely than it would otherwise have been. October’s temperature was also the most above-normal month globally in history and was the eighth month this year to set a new heat record.
These impacts have many consequences for business. Lost productivity and absenteeism due to extreme heat is costing the Australian economy almost $8bn a year.
Recently a study from the University of Cambridge described how, as awareness of climate-related risks grows, climate–smart businesses are beginning to question how global environmental trends – such as increasing pressure on agricultural land, food security, soil degradation, local water stress and extreme weather events – will affect financial markets.
This builds on the work of leading economists such as Nicholas Stern in the UK and Ross Garnaut here in Australia, who argue the benefits of early action lead to significantly higher economic growth rates and returns over the long run, especially when compared to a worst-case scenario of climate inaction. Simply put, inaction is a risky business.
US President Barack Obama at the Apec summit in Manila, Philippines on 18 November 2015, where he said bold climate action will mean a business boom in Asia and around the world. Photograph: Aaron Favila/EPA



Of course business is also about creating opportunities and there will be plenty as humanity weans itself off fossil fuels and creates a clean, healthy and vibrant economy.
Back in 2007, the Climate Institute described how the move to a carbon-constrained global economy could deliver strategic opportunities, such as building new markets, corporate positioning, gaining regulatory intelligence and competitive advantage. “Business as usual” is no longer an option and that change is inevitable.
recent New Climate Economy report contends it is possible to have more equitable, more sustainable and more resilient economies. An exciting area is the rapid innovation and declining costs of clean energy technologies.
The price of solar photovoltaic (PV) modules, for example, has dropped 75% and onshore wind power has fallen 30% over the last five years. More than 7.7 million people are now employed globally in the renewable energy sector. Last year for the first time, global emissions shrank while the economy grew. This was driven primarily by clean energy solutions.
The United States has witnessed a swathe of corporate giants sign up to the White House’s American Business Act on Climate Pledge.
The pledge recognised that delaying action on climate change will be costly in economic and human terms, while accelerating the transition to a low-carbon economy will produce multiple benefits with regard to sustainable economic growth, public health, resilience to natural disasters and the health of the global environment.
General Mills, a global food company and recent signatory, said addressing climate change was imperative to its long-term viability as climate change places significant pressure on vulnerable growing regions that produce many important crops.
In Australia, the most significant business announcement to date arrived from Commonwealth Bank and NAB. Both banks have made overarching commitments to the 2C goal. Although they are still working out the finer detail, these commitments are significant because they inherently require the banks to transition funding away from fossil fuels that drive climate change.
So what can all Australian businesses do?
First, they must make their voices heard on climate change. Business is a powerful advocate for policy change and has been largely silent in the climate debate in Australia until recently.
Second, business should be powered with renewable energy. Ten percent of all emissions are created by commercial buildings and addressing this is a prudent business decision as well as beneficial to the environment.
Finally there is huge scope to invest in energy efficiency in Australia, which will also impact the bottom line. These investments will provide a competitive edge as information on energy and greenhouse gas management practices are increasingly requested by customers and are required in tender documents.
In a recent blog, KPMG’s Adrian King discussed what a climate deal in Paris might mean for businesses, stressing that high-carbon activities would be costlier and businesses would face tighter regulation, carbon pricing and more stringent targets for emissions cutting.
On the up side, this means the case for becoming a low-carbon business will be stronger (and more profitable) than ever before.
When it comes to such opportunities, the adage “first in, best dressed” holds true. While there is still time to act, the window of opportunity is finite and shrinking.
Those who are nimble and forward-looking enough to act first will be in the best position to benefit from what US President Barack Obama referred to at the Asia-Pacific Forum on Economic Cooperation to as a “business boom”.

*Amanda McKenzie is the CEO of the Climate Council and is the chair of the Centre for Australian Progress

How World Can Go 100% Renewables By 2050 – And Save Money

Renew Economy - Giles Parkinson

On the eve of the Paris climate conference, a new analysis from Stanford University has laid out a roadmap for 139 countries to power their economies with solar, wind, and hydro energy by 2050.
The idea of net zero emissions, or a decarbonised economy, is being openly discussed at the Paris conference, even by Australia, with prime minister Malcolm Turnbull talking (but not yet acting) of a push to zero carbon energy, and Labor putting it into their policy modelling. The Greens are pushing for 90 per cent renewables by 2030.
For most however, zero carbon means including carbon capture and storage and nuclear, or offsets from forestry, land use and other sequestration. Some, though, are talking of meeting that talking with 100 per cent renewable energy only.
The Stanford study focuses on what is has dubbed “WWS” – wind, water and sunlight. And it includes not just electricity but transportation, heating and cooling, industry, and agriculture, forestry and fishing.
It says the world can reach 80 per cent “WWS” by 2030, which puts the Greens target for 90 per cent renewable energy for electricity only for Australia by the same date in a different perspective.



The roadmap outlines numerous benefits – millions of jobs, no impact on economic growth – and total savings from fuel costs, environment and climate damage of nearly $US5,000 a year.
Stanford study estimates that it will save each person in the 139 countries an average of $170 a year on fuel costs, and $2,880 a year in air-pollution-damage cost and $US1,930/person/year in climate costs (2013 dollars).
They have even broken now the equipment and installations needed into each country. It appears eye watering, but Stanford says the land use requirements are minimal – just 0.29 per cent of the land area, mostly for solar PV, not including reclaimed fossil fuel plants.
Their plan, under one generalised scenario, would require:

  • 496,900 50-MW utility-scale solar-PV power plants (providing the most power, 42..2% of the 139-country power for all purposes).
  • 1.17 million new onshore 5-MW wind turbines (19.4%).
  • 762,000 off-shore 5-MW wind turbines (12.9%).
  • 15,400 100-MW utility-scale CSP power plants with storage (7.7%).
  • 653 million 5-kW residential rooftop PV systems (5.6%).
  • 35.3 million 100-kW commercial/government rooftop systems (6.0%).
  • 840 100- MW geothermal plants (0.74%).
  • 496,000 0.75-MW wave devices (0.72%).
  • 32,100 1-MW tidal turbines (0.07%).
  • Zero new hydropower plants. (Stanford says the capacity factor of existing hydropower plants will increase slightly so that hydropower supplies 4.8% of all-purpose power).
  • Another estimated 9,300 100-MW CSP plants with storage and 99,400 50-MW solar thermal collectors for heat generation and storage will be needed to help stabilize the grid.

Energy efficiency and changing industrial practises will be important. The average end use load will fall 39.2 per cent, with 82 per cent of this fall due to electrification and eliminating the need for mining, transport, and refining of conventional fuels.
The cost reductions come from the fact that that levellised costs of electricity for hydropower, onshore wind, utility-scale solar, and solar thermal for heat is already similar to or less than natural gas combined-cycle power plants.
And as the LCOE for rooftop PV, offshore wind, tidal, and wave energy fall below conventional fuels in coming years and decades.
Stanford says the major benefits of a conversion to WWS are the near-elimination of air pollution morbidity and mortality and global warming, net job creation, energy-price stability, reduced international conflict over energy because each country will be energy independent.
It will bring power 4 billion people worldwide who currently collect their own energy and burn it, and reduced risks of large-scale system disruptions because much of the world power supply will be decentralized.
“Finally, the aggressive worldwide conversion to WWS proposed here will avoid exploding levels of CO2 and catastrophic climate change.”

Paris UN Climate Conference 2015: Malcolm Turnbull Blazes The Path Of Least Resistance

Fairfax Analysis - Peter Hannam

Keeping the speeches of national leaders to under 10 minutes may go down as one of the minor achievements of the global climate summit that formally began in Paris on Monday.
In the case of Prime Minister Malcolm Turnbull's generally safe speech, fresh details were in short supply.

Malcolm Turnbull gave a safe speech to world leaders in Paris that was short on details about climate action. File photo. Photo: Bloomberg


Australia "will contribute at least $1 billion over the next five years" - but how much of that will add to the $200 million over four years already committed to the Green Climate Fund remains unclear.
Given the federal government's worsening fiscal balance, he says the money will come from the "existing aid budget". That implies there is not a lot - if any - new money on the way.
Rich nations have promised to provide $US100 billion ($139 billion) in climate aid per year by 2020, and increasing after that. The Climate Institute estimates a fair contribution from Australia's public purse is in the order of $1.5 billion a year by 2020.

French President Francois Hollande greets Malcolm Turnbull as he arrives for the UN Climate Change Conference in Paris. Photo: AP


On Monday's speech, Turnbull offered about one-seventh of that figure - with no call to Australia's private interests to match the effort, nor what Australia's contribution might be after 2020.
Developing nations looking for encouraging signs from Australia wouldn't have found any. Australia, too, was missing from a list of nations pledging $343 million for the most vulnerable countries – some of which are South Pacific neighbours.

Kyoto move
However, they are likely to be more heartened by the other major detail in Turnbull's speech - the promise to ratify the second commitment period of the Kyoto Protocol.
While the detail is somewhat arcane since the Paris treaty is aimed at outlining future action, the decision means the government won't just declare that Australia will beat its 2020 carbon reduction targets – as Environment Greg Hunt announced earlier this month – but will make it legal.
Only a handful of the developed nations that signed up for the second protocol have actually ratified it, and so Turnbull's commitment will likely go down well with developing nations looking for proof rich nations back their talk with action.
Businesses, too, will welcome the move if it gives them access to cheap international carbon credits - which may one day come in handy.
And while Turnbull avoided the soaring rhetoric of Barack Obama – future generations must look back at Paris 2015 grateful for "suffering that's averted and a planet that's preserved", the US President said – he sent a message to members of his coalition and segments of the population and media that continue to dismiss climate change as real.
"We do not doubt the implications of the science, or the scale of the challenge," Turnbull said, adding that the impacts of global warming will continue to be felt "even after we reach global net zero emissions".
The Prime Minister ended his Paris speech by returning to a favourite theme since deposing Tony Abbott in September by emphasising his confidence in the future: Australia is "not daunted by the challenge", and he had "great optimism and faith in humanity's genius for invention".
Australia had its share of successes, Turnbull noted, including the University of New South Wales holding the world record for solar cell efficiency for 30 of the past 32 years.

Scaling up
At some point, though, Turnbull will have to convince his party that Australia must lift its climate ambitions if it's to do its fair share to keep global warming to less than two degrees - a case that will be easier to make if Paris produces a credible pathway to such an outcome.
As the Climate Change Authority noted on Monday in its draft report on Australia's climate policy options, meeting even the 2030 target of cutting emissions by 26-28 per cent on 2005 levels "is likely to remain a substantial task". (See chart below)


Turnbull's political rivals will go to the next elections promising deeper cuts. Labor leader Bill Shorten has indicated his party will support a cut of 45 per cent of 2005-level carbon pollution by 2030 and net-zero emissions for Australia by 2050.
The Greens say Australia should aim for a 63-82 per cent cut by 2030 and a net-zero carbon economy by 2040.
The task is being made tougher without a broad-based carbon price, an approach Turnbull himself once championed - and may yet to do so again.
As the Climate Change Authority's report noted, the government's centrepiece $2.55 Direct Action policy to pay polluters not to emit could be scaled up by increasing government funding - but cost could become unsustainable.

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