The West’s case for warming has grown stronger since a landmark report last month on climate change published by the United Nations Intergovernmental Panel on Climate Change.
But in an effort to counterbalance the growing climate scepticism, many Australians are beginning to embrace the view that the planet’s climate is changing and they need to act.
What’s driving the change?
A lack of investment in renewables Australia’s renewable energy industry is showing signs of recovery as the economy grows.
But the industry is still far from being competitive with coal and gas and the country’s climate-change sceptics fear the boom is only going to grow.
That is why the government’s push to invest $40 billion in new renewable energy projects is sparking debate.
The government’s announcement is seen as a major boost for a sector that is already reeling from a $US1.3 billion loss in the second quarter.
However, the industry will struggle to recover unless the Government implements policies that encourage the construction of renewable projects.
And the industry says it needs to have a more robust plan in place to ensure it has the capital to develop the projects.
Why the government is doing it: The government says it wants to create a new market in renewable energy to help stimulate the sector, which will then allow it to compete more effectively with coal-fired generation.
The plan will also help Australia’s coal-dependent industry.
The West’s climate sceptics have been vocal in their criticisms of the government, with some calling it a “fraud” that “will only lead to more fossil fuel subsidies”.
But the government argues it is not in a position to dictate to the industry how it should invest its money.
What it means for the future: While there are still major uncertainties around the impact of global warming, the new policy is likely to boost the sector’s capacity to build projects.
The Government’s announcement also comes after the previous Labor government, which was led by former Prime Minister Kevin Rudd, also promised to build renewable energy.
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