Prior to the parliamentary election in Australia, Prime Minister Scott Morrison announced investments worth around € 2.2 billion to meet his country’s climate goals. Above all, the money should be used to limit CO2 emissions, Morrison wrote today in a joint statement with Environment Minister Melissa Price.
Australia will reduce its emissions by 26 percent by 2030, according to the Paris Agreement on Climate Change, he said. In May should be elected in Australia. The exact date is not fixed yet.
Strongly dependent on coal
Climate protection is a politically controversial issue in Australia. The country depends heavily on coal, as confirmed by a recent study by the Organization for Economic Co-operation and Development (OECD). Currently, 63 percent of the electricity needs are covered by coal. Coal is also an important export commodity.
The Paris Agreement on Climate Change proposes to limit global warming to below two degrees Celsius, if possible even to 1.5 degrees – compared with the pre-industrial period around 1750. Every country should contribute to limiting CO2 emissions.
