Australia is growing in popularity attracting quite a number of both local and foreign investors alike. A good contributing factor to this is with the great ambience and setting with a good number of attractions and locales. This is the reason why Australia attracts a lot of tourists and visitors alike all throughout the year. With that being said, a huge number of individuals fear that Australia will not be able to attract new investors in the near future with their current environment situation. Let us look at environmental news & events around Sydney & Australia.
There is indeed a cause for concern with regards to Australia’s environment news & happenings. Reports have shown that Australia ranked worst among G20 when it comes to action on climate change. It should be noted that The G20 (or G-20 or Group of Twenty) is an international forum for the governments and central bank governors from 20 major economies. It was founded in 1999 with the aim of studying, reviewing, and promoting high-level discussion of policy issues pertaining to the promotion of international financial stability. The organization seeks to address issues that go beyond the responsibilities of any one organization.
G20 comprises of 19 individual countries which include Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, South Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom and the United States. The European Union is also included in the list totaling to a complete number of 20.
Based on the report, Australia is the only country to receive a rating of ‘very poor’ in a majority of categories in Climate Transparency scorecard. Adding insult to injury is that Australia was given the worst possible rating of “very poor” for its performance on emissions trends, carbon intensity, share of renewables in its energy supply and overall climate policy. In other aspects such as energy intensity, share of coal in energy supply and electricity emissions intensity, Australia was rated as “poor” as well.
One of the main contributing to Australia’s terrible performance is that the country remains as one of the largest emitters of greenhouse gases with its per capita pollution exceeding all other G20 nations. A new global report argues that Australia is among the worst laggards, and the world’s 20 largest economies need to increase their 2030 climate commitments six-fold to keep within the two-degree warming curb agreed at the Paris summit.
This in turn led to a number of organizations urging G20 to make the necessary changes and action to avoid damaging the environment even further. By introducing a price on carbon and commit more money to clean energy investment, Climate Transparency now wants all G20 countries to set out a plan to decarbonise their economies by 2050.
There is a lot of changes that needs to be done in order to improve the environment situation that is happening in Australia. It is good to hear that there exist a number of eco groups that helps spread the much needed information about the environment. These individuals also monitor the social, ethical and environmental activities of business operating in the country as well as local and federal government and their policies in Australia. We encourage others to join with the eco movement as well keeping our country a suitable place for our children to live in.