According to the Mission Innovation website, Australia’s government expenditure on clean energy research in 2015 is yet to be finalised, but is estimated to be around A$100 million (US$72 million).
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Australia will pledge to double investment in clean energy research and development as part of a 20-nation program to be announced in Paris.
He will join other world leaders at the COP21 climate talks in Paris.
Prime Minister Malcolm Turnbull confirmed the multimillion dollar gift this morning during his national statement at the United Nations climate change conference in Paris.
Mr Turnbull also confirmed Australia’s commitment to a deal in Paris, while announcing the country would ratify the second Kyoto Protocol period of 2012-2020.
In 2010, Mr Turnbull told Parliament that decisions had to be made today on climate change and costs had to be borne today “so that adverse consequences are avoided – risky consequences are avoided – many decades into the future”. Its first commitment period ran from 2008 to 2012. “Not only is he selling himself out, he’s selling Australia out”, Shorten said. Under the new leadership of Prime Minister Justin Trudeau, Canada pledged $2.65 billion over five years, while Japan committed to mobilising $10.6 billion in private and public funds by 2020.
Prime Minister Malcolm Turnbull has arrived in Paris for worldwide talks on limiting global warming, but his first stop was at the Bataclan concert hall, to lay a wreath at the place where gunmen opened fire and shot 89 people dead during the recent terrorist attacks. “Our agreement here in Paris must provide a common platform for action, the dynamism to build ambition and a robust and transparent reporting system”, he said. Mr Shorten rejected government criticism Labor’s reduction target was headline-grabbing and political, insisting the party was “very fair dinkum” on climate change.
Among the demonstrators were Tulley, 9, and sister Freya, 8, who held a placard with two gnomes and the words “Gnomes for Climate Action”.
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Mr Key flew into the city on Sunday evening from the Commonwealth Heads of Government Meeting in Malta. Federal cabinet minister Christopher Pyne says Labor’s new climate change target is “a mad policy”. “If the government is simply robbing Peter to pay Paul…it’s not really helping them at all, it’s no net change”, he said. “Ripping money out of foreign aid and repackaging it as climate financing is pretty insulting, especially as the rest of the world has recognised the urgent need to give more”, she told AAP. The extra cash to bring Australia’s climate finance contribution to $1 billion was yet to be allocated to other aid projects.
