Government to take ‘technology over taxation’ approach to climate change

‘Very speculative’: Scott Morrison has not confirmed reports he may adopt a technology investment target to avoid signing up to a commitment of zero greenhouse gas emissions by 2050. Photograph: David Crosling/EPA Scott Morrison has described a report he may adopt a technology investment target to avoid signing up to a commitment of zero greenhouse gas emissions by 2050 as speculation, but confirmed his government will take a “technology over taxation” approach to climate change. On Tuesday, Morrison told reporters in Melbourne the report in the Australian was “very speculative”, but said it…

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Adaptation Finance Update: Number of Climate Adaptation Projects Increases, So Must Their Quality

According to the Global Environment Outlook (GEO-6), launched at the fourth session of the UN Environment Assembly (UNEA-4), climate adaptation programmes have not effectively dealt with multiple slow and rapid onset hazards, such as floods, droughts, tropical cyclones and sea level rise. Instead of addressing the underlying causes of vulnerability, they are often undertaken through sectoral programmes in, for example, agriculture, health and disaster management. Less than 5% of global climate finance is spent on adaptation, and less than 1% goes to coastal protection, infrastructure and disaster risk management (DRM).…

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