Morrison vows no money for climate conferences and “all that nonsense”

Australia’s prime minister Scott Morrison has responded to the latest UN Intergovenmental Panel of Climate Change report by declaring that he had no intention of spending money on global climate conferences and “all that sort of nonsense.”

Australia's PM, Scott Morrision,
gazes lovingly at a piece of coal.

In an early morning interview with radio 2GB’s Alan Jones, where he also supported the push to advertise a horse race on “Australia’s biggest bill-board”, a reference to the sales of a building hitherto known as the Sydney Opera House, Morrison indicated Australia would resume its disruptive role in international climate talks.

He said Australia would not follow the US out of the Paris climate treaty – that would be catastrophic for Australia’s attempts to land a free trade deal with Europe and its ongoing relationship with Pacific neighbours – but it has no intention of increasing its current target of a 26-28 per cent cut in emissions by 2030.

This was despite the IPCC recommendations of decisive action, and a rapid phase out of fossil fuels, if the world was to meet the target of trying to limit average global warming to 1.5°C.

“We’re not held to any of (those recommendations) at all, and nor are we bound to go and tip money into that big climate fund,” Morrison told 2GB.

The participation of Australia and other wealthy countries in the Green Climate Fund is seen as critical to keep the Paris climate accord together, as it was a fundamental part of negotiations in the lead up to Paris in 2015.

Read the story by Giles Parkinson from RenewEconomy - “Morrison vows no money for climate conferences and “all that nonsense”.”

What would happen to the economy if we all stopped spending money?

The idea that we might stop spending money has many obvious complications, but one benefit is that the advance of climate change would be slowed.

What would happen if we all stopped
spending our hard-earned coin?

That cannot be disputed for it was during the global financial crisis in 2007/8 when spending largely evaporated that the world’s carbon dioxide emissions slowed measurably.

Wealth equates with a worsening of climate change and so we simply need to use less of everything, primarily fossil fuel-based energy, conserve, lead more retrained lives and so stop spending money.

Read the ABC piece by Jessica Haynes - “What would happen to the economy if we all stopped spending money?”