Chris Bowen talks Australia’s climate change effort on the global stage

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Bowen will use his speech to praise the US legislation and highlight Australia’s recently passed climate law, which includes a national emissions reduction target of at least 43% by 2030 compared to 2005. and reach net zero by 2050.

“No challenge is greater than climate change, and our respective governments are completely aligned with our approach to the greatest challenge we face,” the minister will say, in a veiled look at the inaction of the former government. Morrison.

“We believe we can be a renewable energy powerhouse, a superpower – pick your favorite superlative. Australia has the potential, with the right policies, to be that and create all the jobs that go with it.

The minister’s concerns over the challenge of climate change were echoed on Tuesday morning by UN Secretary-General António Guterres, who called on developed countries to tax the windfall profits of fossil fuel companies and blamed the giants of the energy to “feast on hundreds of billions of dollars in subsidies”. ” while the planet burns.

“These funds should be directed in two ways: to countries experiencing loss and damage from the climate crisis, and to people struggling to cope with rising food and energy prices,” Guterres said, speaking at the opening of the annual high-level meeting of the General Assembly. Meet.

Australian Foreign Minister Penny Wong will also attend the UN General Assembly this week, which will focus on the multiple challenges facing world leaders, from the war in Ukraine and modern slavery in the impact of rising food prices and concerns about global warming.

Biden will make a later than usual appearance at Wednesday’s rally, delayed by his return from Queen Elizabeth’s funeral in London.

Also in New York to talk renewable energy is Australian billionaire Andrew “Twiggy” Forrest, whose group Fortescue Metals plans to phase out the use of fossil fuels and achieve zero emissions in its iron ore operations by 2030.

The mining magnate – who met world leaders and industry captains last year to tout his vision for decarbonisation – unveiled details of his strategy on Monday and urged other companies to “take the first step” and to follow suit.

US President Joe Biden (centre) and First Lady Jill Biden arrive at the state funeral of Queen Elizabeth IICredit:Getty

The plan involves spending $6.2 billion (A$9.2 billion) to phase out petrol and diesel from its operations, cutting costs by $818 million a year. Most spending is expected to take place between 2024 and 2028 and includes the deployment of an additional 2-3 gigawatts of renewable power generation and battery storage, as well as a green mining fleet and locomotives.

Mark Hutchinson, managing director of Fortescue Future Industries, said The Sydney Morning Herald and age that the world was at “an inflection point” when it comes to replacing fossil fuels.

“Most industrial companies have projected it out to 2050, which is basically saying, ‘It’s somebody else’s problem; not mine,” Hutchinson said.

“Now the question their employees, customers and shareholders should be asking is, ‘If they can do it, why can’t you?’

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