The Prague Post - Pacific ire at Australia's backing for fossil fuels

EUR -
AED 4.270834
AFN 76.172689
ALL 92.000047
AMD 422.815544
ANG 2.081381
AOA 1067.563653
ARS 1761.25473
AUD 1.611624
AWG 2.09617
AZN 1.971069
BAM 1.954646
BBD 2.341118
BDT 142.999896
BGN 1.972744
BHD 0.438266
BIF 3473.843672
BMD 1.162924
BND 1.470102
BOB 14.559032
BRL 5.939978
BSD 1.162314
BTN 110.615939
BWP 15.605527
BYN 3.560167
BYR 22793.301875
BZD 2.337851
CAD 1.605689
CDF 2680.538811
CHF 0.941858
CLF 0.027272
CLP 1077.007022
CNY 7.803856
CNH 7.799048
COP 3618.297122
CRC 528.313141
CUC 1.162924
CUP 30.817474
CVE 110.199953
CZK 24.272663
DJF 206.997606
DKK 7.474959
DOP 68.309679
DZD 154.63172
EGP 59.534242
ERN 17.443853
ETB 189.891978
FJD 2.550931
FKP 0.858765
GBP 0.858511
GEL 3.038944
GGP 0.858765
GHS 13.280732
GIP 0.858765
GMD 85.474213
GNF 10218.100395
GTQ 8.880758
GYD 243.19795
HKD 9.119338
HNL 31.191589
HRK 7.524577
HTG 152.017459
HUF 364.449801
IDR 20336.044382
ILS 3.512491
IMP 0.858765
INR 110.63514
IQD 1522.7012
IRR 1598525.659293
ISK 139.795132
JEP 0.858765
JMD 183.431726
JOD 0.824529
JPY 178.652385
KES 150.493476
KGS 101.697623
KHR 4710.482845
KMF 493.079413
KPW 1046.63155
KRW 1557.506404
KWD 0.35889
KYD 0.968674
KZT 528.317681
LAK 26019.096097
LBP 104093.032846
LKR 381.915914
LRD 202.841607
LSL 18.658487
LTL 3.433811
LVL 0.703441
LYD 7.35266
MAD 10.867985
MDL 20.080097
MGA 4992.332232
MKD 61.483708
MMK 2441.487383
MNT 4184.535509
MOP 9.389383
MRU 46.528536
MUR 54.483058
MVR 17.9675
MWK 2015.605583
MXN 19.653582
MYR 4.732401
MZN 74.322288
NAD 18.658487
NGN 1539.945155
NIO 42.776773
NOK 10.703502
NPR 176.985902
NZD 1.991227
OMR 0.447147
PAB 1.162364
PEN 3.893686
PGK 5.244904
PHP 72.638555
PKR 322.308967
PLN 4.315173
PYG 6859.9508
QAR 4.237499
RON 5.253974
RSD 117.308775
RUB 98.932332
RWF 1713.969363
SAR 4.367415
SBD 9.296433
SCR 16.075801
SDG 699.500491
SEK 11.161577
SGD 1.470499
SHP 0.861571
SLE 28.603907
SLL 24385.924798
SOS 664.339282
SRD 43.884065
STD 24070.169863
STN 24.485547
SVC 10.170996
SYP 15120.332083
SZL 18.664224
THB 38.287511
TJS 10.734871
TMT 4.081862
TND 3.382503
TOP 2.800041
TRY 56.375307
TTD 7.892714
TWD 36.613479
TZS 3070.121701
UAH 51.931147
UGX 4399.403179
USD 1.162924
UYU 46.772392
UZS 13744.886852
VES 946.238866
VND 30127.860799
VUV 137.203121
WST 3.160138
XAF 655.606661
XAG 0.017296
XAU 0.000265
XCD 3.142859
XCG 2.09498
XDR 0.822247
XOF 655.570039
XPF 119.331742
YER 275.671194
ZAR 18.664801
ZMK 10467.708129
ZMW 22.375754
ZWL 374.460913
  • AZN

    -2.2950

    157.745

    -1.45%

  • RELX

    -0.4640

    34.236

    -1.36%

  • BTI

    -0.4750

    54.675

    -0.87%

  • BCE

    -0.2650

    23.385

    -1.13%

  • NGG

    -0.8200

    77.24

    -1.06%

  • CMSD

    -0.1300

    20.55

    -0.63%

  • GSK

    0.2500

    48.79

    +0.51%

  • BCC

    -0.8500

    76.01

    -1.12%

  • CMSC

    -0.1250

    20.74

    -0.6%

  • BP

    0.3050

    45.185

    +0.68%

  • RIO

    -0.2150

    103.615

    -0.21%

  • VOD

    -0.1750

    17.135

    -1.02%

  • RBGPF

    -1.0000

    69

    -1.45%

  • JRI

    -0.0650

    12.135

    -0.54%

  • RYCEF

    -0.2900

    19.55

    -1.48%

Pacific ire at Australia's backing for fossil fuels
Pacific ire at Australia's backing for fossil fuels / Photo: Hilaire Bule - AFP/File

Pacific ire at Australia's backing for fossil fuels

Pacific Islands expressed dismay on Thursday at Australia's subsidies for fossil fuels, flagging climate concerns as a point of friction between the neighbouring nations.

Text size:

Two Pacific ministers appeared in a joint livestream to condemn Australia's long and continuing enthusiasm for coal and gas projects.

Vanuatu's Climate Change Minister Ralph Regenvanu welcomedAustralia's pledge last year to transition towards renewable energy but said it must stop funding climate-damaging projects.

"We are very disappointed to see that Australia continues to subsidise fossil fuel projects," Regenvanu told The Australia Institute, a Canberra-based think tank.

"We need money in the renewable energy sector. That's where the future of our economies and our societies lies -- not in the fossil fuel industry."

Regenvanu questioned why Canberra continues to pump "billions of dollars into the fossil fuel industry, which we in the Pacific have agreed, including Australia, is the greatest threat to our security".

Vanuatu is a small archipelago and, like many Pacific Island nations, is threatened by rising sea levels.

Speaking alongside Regenvanu, Tuvalu's Finance Minister Seve Paeniu said Pacific nations are currently weighing a commitment to make the region fossil-free.

"The idea is to stop any further expansion of fossil fuel" and to eliminate consumption of coal, oil and natural gases, Paeniu said.

"It's a matter of our security and our survival."

Tuvalu, midway between Hawaii and Australia, is one of the smallest nations in the world, made up of less than 26 square kilometres (10 square miles) and shrinking fast.

"Our land is constantly being eaten away," Paeniu said. "And we know that fossil fuel is the cause of climate change."

- 'One step forwards' -

Australia has pledged that 82 percent of its electricity will come from renewable sources by 2030. The current figure is around 30 percent.

But it is one of the world's largest coal and gas exporters and a series of governments have resisted pressure to scale back the industries.

The centre-left Labor government approved a new coal mine last month, sparking anger from environmental groups.

Australia and its allies, including the United States, are currently locked in a battle with China for influence across the Pacific.

Australia's relationship with fossil fuels is a constant irritant.

Regenvanu described Australia as Vanuatu's greatest trade partner but said there are tensions in the relationship over climate change.

He accused Australia of "not recognising the main security threat to the Pacific".

Vanuatu is still under a state of emergency after being battered this year by an "unprecedented event of two Category Four cyclones within a few days", Regenvanu said.

He estimates fixing the damage will cost more than 40 percent of Vanuatu's gross domestic product, which the International Monetary Fund puts at around US$1 billion.

"It's like you take one step forwards and two backwards in terms of economic development," Regenvanu said.

"We're not seeing the emissions reduction that we need to see happen."

S.Danek--TPP