{"id":35771,"date":"2019-12-18T07:46:14","date_gmt":"2019-12-17T21:16:14","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=35771"},"modified":"2019-12-18T07:46:14","modified_gmt":"2019-12-17T21:16:14","slug":"national-climate-disaster-fund-mb1335","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/national-climate-disaster-fund-mb1335\/","title":{"rendered":"Climate Disaster Fund Paid For By Fossil Fuel Producers Proposed"},"content":{"rendered":"

\"National<\/p>\n

It’s time fossil fuel producers in Australia started paying for some of the damages associated with climate change says The Australia Institute.<\/p>\n

Released this morning, TAI’s proposed National Climate Disaster Fund (NCDF) would be funded through a $1 per tonne of carbon emissions levy on coal, gas and oil production in Australia; raising around $1.5 billion a year based on current levels.<\/p>\n

\u201cThe frequency and intensity of natural disasters such as bushfires and floods will keep increasing while we keep pumping more greenhouse gases into the atmosphere. Australia urgently needs a dedicated, independently administered fund to cope with the ever increasing costs of these disasters,\u201d said<\/a> TAI Principal Adviser Mark Ogge.<\/p><\/blockquote>\n

Such a levy appears to have strong community backing. Polling for the TAI’s Climate of the Nation 2019<\/a> report found 62% of Australians support a fossil fuel levy to pay for climate change impacts.<\/p>\n

Natural disasters currently cost Australians an estimated $13 billion per year and while how much of that is attributable to climate change related (or exacerbated) events is debatable, these costs will continue to climb as warming increases and disasters become more common and severe.<\/p>\n

Earlier this year, a Moody’s report put the global economic costs of climate change by the end of this century at almost $100 trillion<\/a> based on 2 degrees of warming.<\/p>\n

A Drop In The Carbon Emissions Carnage Bucket<\/h2>\n

The Institute says the $1 per tonne levy would have “virtually no effect” on energy prices or coal jobs – and it’s really just a drop in the bucket of costs associated with climate change. TAI says the Social Cost of Carbon (SCC), which includes climate change impacts,\u00a0 is conservatively estimated at between USD $60 and $417 per tonne.<\/p>\n

“The companies extracting coal and gas from Australia are mostly large multinational companies who make little if any contribution to paying the costs of the global warming they are fuelling and little if any company tax in Australia,” states the proposal.<\/p><\/blockquote>\n

The full National Climate Disaster Fund proposal can be viewed here<\/a> – it would be an interesting read for our Prime Minister, who is apparently on holidays<\/a> and might have a bit of time on his hands. Fiddling and Rome burning springs to mind.<\/p>\n

Talk of such levies on fossil fuel producers is all well and good and their implementation desirable so long as it doesn’t just provide an excuse to keep polluting; as these measures at such low levels will only provide the equivalent of a band-aid over a gangrenous wound. Why not implement much higher levies, which will accelerate the transition to a world run on renewables including wind and solar power?<\/p>\n

But good luck with trying to get that happening in the current environment<\/a> – at least TAI’s proposal could the thin edge of the wedge.<\/p>\n","protected":false},"excerpt":{"rendered":"

It’s time fossil fuel producers in Australia started paying for some of the damages associated with climate change says The Australia Institute.<\/p>\n","protected":false},"author":17,"featured_media":35772,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[678],"tags":[],"class_list":["post-35771","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar-battery-news","entry"],"acf":[],"yoast_head":"\nClimate Disaster Fund Paid For By Fossil Fuel Producers Proposed<\/title>\n<meta name=\"description\" content=\"It's time fossil fuel producers in Australia started paying for some of the damages 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The Institute first proposed a National Climate Disaster Fund (NCDF) back in 2019, funded by a $1 per tonne of\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Fossil fuel level for climate damage","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/04\/fossil-fuel-levy.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/04\/fossil-fuel-levy.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/04\/fossil-fuel-levy.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/04\/fossil-fuel-levy.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/04\/fossil-fuel-levy.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":36503,"url":"https:\/\/www.solarquotes.com.au\/blog\/climate-attitudes-australia-mb1369\/","url_meta":{"origin":35771,"position":2},"title":"Climate Change Concerns Climb In Australia","author":"Michael Bloch","date":"January 16, 2020","format":false,"excerpt":"The level of concern among Australians regarding climate change and its impacts has increased significantly due to the nation's bushfire crisis. Climate of the Nation is a long running-survey commissioned by The Australia Institute (TAI), gauging attitudes in the community on the issue of climate change. The latest related poll\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Climate change attitudes in Australia","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/01\/climate-australia-attitude.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/01\/climate-australia-attitude.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/01\/climate-australia-attitude.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/01\/climate-australia-attitude.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/01\/climate-australia-attitude.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":37751,"url":"https:\/\/www.solarquotes.com.au\/blog\/unisuper-divestment-fossil-fuels-mb1423\/","url_meta":{"origin":35771,"position":3},"title":"UniSuper Urged To Dump Fossil Fuel Investments","author":"Michael Bloch","date":"February 27, 2020","format":false,"excerpt":"One of Australia's largest superannuation funds is under increasing pressure to completely divest from fossil fuels. UniSuper is the default super fund for those working in Australia's higher education and research sectors. It has more than 450,000 members and $85 billion in net funds under management. In a November 2019\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"UniSuper fossil fuel divestment","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/02\/unisuper-divest.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/02\/unisuper-divest.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/02\/unisuper-divest.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/02\/unisuper-divest.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/02\/unisuper-divest.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":44293,"url":"https:\/\/www.solarquotes.com.au\/blog\/australia-solar-popularity-mb1739\/","url_meta":{"origin":35771,"position":4},"title":"Solar Power Remains Australians’ Most Preferred Energy Source","author":"Michael Bloch","date":"October 28, 2020","format":false,"excerpt":"The latest Climate of the Nation report reveals the enduring and increasing popularity of solar energy and a vast majority of Australians wanting coal-fired power stations phased out. Climate of the Nation is a survey commissioned by The Australia Institute (TAI) that has been running for over a decade, gauging\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Solar energy popularity in Australia","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/10\/solar-popularity-australia.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/10\/solar-popularity-australia.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/10\/solar-popularity-australia.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/10\/solar-popularity-australia.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/10\/solar-popularity-australia.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":13611,"url":"https:\/\/www.solarquotes.com.au\/blog\/fossil-fuel-subsidies-health-mb0144\/","url_meta":{"origin":35771,"position":5},"title":"Fossil Fuels – Billions In Subsidies, Trillions In Health Costs","author":"Michael Bloch","date":"July 31, 2017","format":false,"excerpt":"A new report says health costs associated with fossil fuel use in G20 countries are more than six times higher than the substantial subsidies the oil, gas and coal sectors receive. The report from the Health and Environment Alliance notes that leaders of the G20 agreed to put an end\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Fossil fuel subsidies","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/07\/fossil-fuel-subsidy-renewables.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/07\/fossil-fuel-subsidy-renewables.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/07\/fossil-fuel-subsidy-renewables.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/07\/fossil-fuel-subsidy-renewables.png?resize=700%2C400&ssl=1 2x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/35771","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/comments?post=35771"}],"version-history":[{"count":2,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/35771\/revisions"}],"predecessor-version":[{"id":35774,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/35771\/revisions\/35774"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media\/35772"}],"wp:attachment":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media?parent=35771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/categories?post=35771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/tags?post=35771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}