Wednesday, December 23, 2020

Author of the Garnaut Climate Change Review Ross Garnaut seeks taxpayer financing for "Australia’s first renewable energy industrial development" -Project is to be developed by Garnaut's Sundot Energy

 by Ganesh Sahathevan 






Renew Economy reported on 22 December 2020:

Leading economist Professor Ross Garnaut is looking to create Australia’s first renewable energy industrial development in central Queensland, using renewable energy sources to power and attract a range of manufacturing and agricultural businesses and create a template to help revive the fortunes of rural Australia.

Garnaut’s Sunshot Energy and the Remote Area Planning and Development board (RAPAD) – which represents seven councils in the region – have submitted an application for Northern Australia Infrastructure Facility (NAIF) to kick start the renewable energy industrial zone near the town of Barcaldine in central western Queensland.

NAIF is a $5 billion development financier that provides loans to infrastructure projects in the Northern Territory, Queensland and Western Australia. NAIF’s mission is to be an innovative financing partner in the growth of northern Australia. A key focus of any financing is to drive public benefit, economic and population growth and Indigenous involvement in northern Australia.



Garnaut is of course author of the The Garnaut Climate Change Review commissioned by Kevin Rudd.
  His record in formulating policy is not stellar.  The cost of his text book  recommendations have been high; thousands of jobs have been lost. His views on doing business with China have proven to be naive at best. 

TO BE READ WITH 



Sunday, January 12, 2020

Carbon dioxide 8% BELOW Australian climate expert Ross Garnaut's saftey threshold so what's causing the Australian bushfires? If Garnaut's proposals had been implimented trillions would have been lost for nothing

by Ganesh Sahathevan



Australia's SBS and others have been reporting the following for the past month and a half:

Twelve years ago, economist Ross Garnaut led an independent study of the impacts of climate change on the Australian economy.

The Garnaut Climate Change Review's final report said projections of fire weather "suggest that fire seasons will start earlier, end slightly later, and generally be more intense".

"This effect increases over time, but should be directly observable by 2020."

Garnaut's recommendations, as summarized by The Guardian:

The Garnaut report says developed nations including Britain, the United States and Australia would have to slash carbon dioxide emissions by 5% each year over the next decade to hit the 450ppm target. Britain's climate change bill, the most ambitious of its kind in the world, calls for reductions of about 3% each year to 2050.

Garnaut, a professorial fellow in economics at Melbourne University, said: "Achieving the objective of 450ppm would require tighter constraints on emissions than now seem likely in the period to 2020 ... The only alternative would be to impose even tighter constraints on developing countries from 2013, and that does not appear to be realistic at this time."

The report adds: "The awful arithmetic means that exclusively focusing on a 450ppm outcome, at this moment, could end up providing another reason for not reaching an international agreement to reduce emissions. In the meantime, the cost of excessive focus on an unlikely goal could consign to history any opportunity to lock in an agreement for stabilizing at 550ppm, a more modest, but still difficult, international outcome. An effective agreement around 550ppm would be vastly superior to continuation of business as usual."



Meanwhile. CO2 levels ppm are about 7%-8% BELOW Garnaut's safety threshold.



The question then must be; what is causing the Australian bush fires? It is necessary to start from the basis that Garnaut's work is flawed for had his recommendations been implemented, billions perhaps trillions in economic costs would have been incurred, and for nothing.
END



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