Government emissions targets don’t go far enough: Climate Council report
The renewable energy market needs much greater investment across the board to meet targets, says Climate Council Australia report
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Australia needs to reduce its emissions by half in the next 10 years to avoid the worst climate impact, the Climate Council Australia said today.
The Climate Council, formed in 2013 when the Federal Government abolished the Australian Climate Commission, is made up of leading climate scientists, as well as health, energy and policy experts.
The council released a 10 point plan this morning calling on the Federal Government to push for net zero emissions by the early 2040s. The Albanese Government recently announced a target of 43 percent emissions reduction by 2030, which would result in reaching net zero by 2050.
Key findings in the Climate Council report, Power Up: Ten Climate Gamechangers, include a need to “get on a steep trajectory of emissions reductions, with existing efforts ramped up significantly and quickly”.
The report notes that Australia has already warmed about 1.4C with more extreme weather events on the way.
It points to rising energy costs backed by fossil fuels impacting on Australian households arguing that increased investment in renewable energy, as well as storage and transmission, could increase household disposable incomes across the national energy grid by almost seven percent by 2030.
However, the report also highlights the acute shortage of skilled workers in the renewable energy market, with three in four solar companies struggling to recruit electricians with relevant experience.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
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A water lily painting by Claude Monet of his Giverny gardens is expected to achieve at least US$65 million at Christie’s November sale of 20th-century art in New York
Le bassin aux nymphéas, or water lily pond, painted around 1917 to 1919, is a monumental canvas extending more than six-and-a-half feet wide and more than three-feet tall, that has been in the same anonymous private collection since 1972. According to Christie’s, the painting has never been seen publicly.
The artwork is “that rarest thing: a masterpiece rediscovered,” Max Carter, Christie’s vice chairman of 20th and 21st century art said in a news release Thursday.
A first look at this thickly painted example of Monet’s famed and influential water lily series will be on Oct. 4, when it is revealed in Hong Kong.
The price record for a Nymphéas painting by Monet was set in May 2018 for Nymphéas en fleur, another large-scale work that had been in the collection of Peggy and David Rockefeller. That painting sold for nearly US$85 million.
The current work for sale is guaranteed, Christie’s confirmed. The auction house did not provide further details on the seller.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
