Rebel LNP think tank demands zero carbon

Lordy, are there a few brain cells left in the LNP? From Blueprint, a young liberal think tank aligned with Chris Pyne and Robert Hill:

Australia has committed to full decarbonisation by some point this century. But if we don’t commit soon to rapidly decarbonise, the decision may be forced upon us. Japan, South Korea, the UK, and the EU, among others, have already committed to net-zero by 2050. China has pledged net-zero by 2060. The Biden campaign in the US has committed to net-zero by 2050 and $2.4 trillion in climate initiatives. Canada has a nation-wide carbon price. Failing to commit soon to net-zero by 2050 will diminish our international standing, and harm our competitiveness.

But a net-zero commitment isn’t enough. We’re due to reduce our emissions by just 4.2% over the coming decade. On our current trajectory, we will only meet our Paris commitment by using carryover credits from the soon-defunct Kyoto Protocol. We should commit today to meet our Paris target without using our Kyoto credits. This can be achieved by halving our emissions from electricity within 10 years, as the UK did to 2018.

Reforming our energy sector can unlock the economic potential of our abundant natural resources, create new industries, and propel our economy into the future. We will need to overcome barriers to the transition, including disincentives to investment in transmission, the negative impacts on coal communities, and threats to the reliability of our electricity supply. Our goal should be to transition at minimum economic cost.

This consultation paper launches Blueprint Institute’s new energy policy initiative—Powering the next boom. It sets out the decarbonisation challenge we face in the decades ahead, and how we can confront it.

We canvas five topics critical to this effort:

  • AUSTRALIA’S INTERNATIONAL STANDING. To protect our reputation and trade prospects, we should meet our Paris targets without Kyoto credits, and commit to net-zero by 2050.
  • TRANSMISSION. We should remove the impediments to new transmission investment that exist, and accelerate projects that enable reliable decarbonisation.
  • A FAIR TRANSITION FOR COAL COMMUNITIES. A path to net-zero must receive broad community support, which means supporting those harmed by the transition.
  • CLEANTECH FINANCE. Further support for energy RD&D and commercialisation can help accelerate global decarbonisation, drive economic growth, and foster new industries.
  • GREEN HYDROGEN. To unlock our natural advantage in green hydrogen, the Government should advance feasibility studies, pilot projects, and green aluminium and steel.

Electricity is the low-hanging fruit of decarbonisation. The path to net-zero extends far beyond the electricity sector. The Government should also consider investments to support decarbonisation through soil carbon, the lithium value chain, electric vehicles, energy IT, energy efficiency, and conservation and restoration, among others. Our future research will produce evidence-based recommendations to advance these solutions at lowest cost.

Come now, perhaps this should all have been considered before Hill and Pyne so fulsomely celebrated trashing the carbon price. It was such an awesome feeling!

Indeed, this material is so out of step with the Morrison Government’s Gas Unplan, Gas Unreservation and Morrison’s power base in QLD that should really be seen as nothing more than virtue signaling.

The full report is here if you need to feel sick.

David Llewellyn-Smith
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Comments

  1. If you really want to feel sick, read this. Labor unsurprisingly quietly capitulates to the gas lobby. Is there anyone left in politics that even remotely possess a moral compass?

    https://www.theguardian.com/australia-news/2020/oct/29/labor-agrees-to-support-new-gas-projects-after-public-brawl-sparked-by-joel-fitzgibbon

    Andrew Leigh: as my local member, this and your support of the dodgy donors legislation means you have killed any chance of me voting for you.

    • Absolute BeachMEMBER

      Mr. Nut – I totally agree. I heard that news this morning whilst sea kayaking and counting the turtles…..and felt sick. Those weak men who fill the ranks of Labour. Selling their souls- but at what cost? The reef is dying- and they are OK to see it die to maybe win back a few marginals in Qld. Criminal.

    • Yep, Labour are simply garbage.

      I think this article is funny. The LNP don’t have values or ideologies – only corporate donors. When the balance of donating corporates decide, and they will eventually, that we should go carbon neutral, they’ll inform the LNP which will promptly change course.

  2. Is there any way to improve a person’s IQ and general value to society that is remotely as powerful as them leaving Parliament?

  3. Display NameMEMBER

    Given the history this appears to be a “look over there” distraction effort. Appear to be climate aware whilst trashing the environment and funneling tax payer resources to your fossil fuel owning mates.

    • Certainly, for energy security, nuclear would appear to be the way forward. Relying on a windmill on your roof is probably not sensible.

    • Only developed countries can run a nuclear industry. We can’t even build appartment towers with non-flammable cladding. Any infrastructure more complicated than a road seems to be beyond us.

    • Nuclear is a crazy balancing act, the regulation that make it so expensive to operate are the reason it has its safety record, when you lower the regulation over heads you reduce the safety and the chances of an accident go up. The only reason
      The figures around Chernobyl are debatable as they only count those that are directly attributable, how many died that didnt present to authorites or were covered up by the USSR.

      There are a few factors that are the reasons it wasnt a much bigger disaster.
      1) They had soldiers willing to risk their lives to help construct and close up the sarcophagus.
      2) They managed to remove the excess water from under the reactor before the elephants foot broke through.
      2) They managed to prevent the “Elephants Foot” from reaching the ground water.

      Any one one of those things being different and it could have resulted in a much bigger catastrophe.

    • Deaths? That’s the only risk? What about the 20,000 documented cases of Thyroid cancer? What about the environment damage where large tracts of land are now no-go zones for the next 1,000 years?

      • Nuclear is never cheap and never on time. And if it goes wrong well let’s just say it Fukash!tup

        • French electricity costs are just 59% of German electricity prices.

          Because France generates 72% of its electricity from nuclear, and just 6% from solar and wind.

          France completed construction on 76% of its current 58 reactors at an inflation-adjusted cost of $330 billion (€290 billion). The complete buildout of the 58 reactors was less €400 billion. Germany has spent about €500 billion over the last 20 years to get to 35% renewables.

          • Nice cherry picking. It is getting more and more expensive to build and run nuclear. By contrast it is getting cheaper and cheaper to go renewable.

            https://www.thetimes.co.uk/article/hinkley-point-c-faces-delay-as-costs-overrun-warns-edf-vpxrrnchw

            Britain’s planned nuclear revival suffered a serious blow yesterday after the company building the Hinkley Point C power station said that it would cost up to £3 billion more than expected and was likely to be delayed.

            The plant in Somerset is expected to cost up to £22.5 billion, up from £19.6 billion, and could suffer further cost overruns, EDF, the French state-controlled energy giant, admitted.

            $50B AUD will get 3200MW reactor at today’s prices.
            $50B AUD will get 50,000MW of renewables at todays prices.
            $50B AUD will get 25,000MW of renewable firmed by 100,000MWh of battery storage.

  4. We’ll get there easily now – just need another refinery to close and it’ll happen without any other changes.