China to inroduce ETS, Oz continues policy drift. . . . .

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China to inroduce ETS, Oz continues policy drift. . . . .

Postby HBS Guy » 05 Oct 2017, 07:46

China's adoption of a national emissions trading scheme (ETS) should give others confidence to take stronger action on climate change, according to a senior Rio Tinto executive, who said the world needed to move more quickly away from coal.

As the Turnbull Government continues to squabble over the future of coal in Australia's energy mix, miners like Rio and BHP Billiton are virtually out of thermal coal as they align their portfolios to a world where carbon emissions will gradually be priced.

China will make that transition by year's end when it launches a national ETS, which is expected to be twice the size of the scheme currently operating in Europe.

The move by Beijing will put more pressure on Australian coal exporters and comes as the likes of South Korea and India also put a price on carbon.


http://www.afr.com/business/mining/coal/rio-tinto-backs-china-ets-josh-frydenberg-says-it-wont-affect-policy-20171003-gytexf
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Re: China to inroduce ETS, Oz continues policy drift. . . .

Postby HBS Guy » 05 Oct 2017, 07:50

Even fucking farmers are pushing the change to renewables! (still vote for the Miners Party aka Nats tho :WTF

Dairy farmers getting killed by power prices, call for renwables

http://www.weeklytimesnow.com.au/news/opinion/time-for-some-leadership-on-renewable-energy/news-story/f501b64bcf623bcada7bb5ef5b49c734?nk=853f938dfa999fbe82de66354ce3e0f3-1507151842
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