The China Mail - Pacific ire at Australia's backing for fossil fuels

USD -
AED 3.67302
AFN 68.25057
ALL 83.483156
AMD 381.28666
ANG 1.789699
AOA 917.000079
ARS 1331.517198
AUD 1.533989
AWG 1.8025
AZN 1.701624
BAM 1.678416
BBD 2.011225
BDT 121.225644
BGN 1.67595
BHD 0.377008
BIF 2970.239245
BMD 1
BND 1.281665
BOB 6.898002
BRL 5.460296
BSD 0.996082
BTN 87.455643
BWP 13.436429
BYN 3.278753
BYR 19600
BZD 2.000841
CAD 1.373185
CDF 2890.000319
CHF 0.80513
CLF 0.02484
CLP 974.449633
CNY 7.18315
CNH 7.18171
COP 4044
CRC 504.348796
CUC 1
CUP 26.5
CVE 94.626544
CZK 21.049902
DJF 177.384543
DKK 6.39439
DOP 60.621404
DZD 130.329582
EGP 48.458546
ERN 15
ETB 138.442414
EUR 0.85684
FJD 2.253799
FKP 0.751467
GBP 0.74803
GEL 2.697767
GGP 0.751467
GHS 10.509197
GIP 0.751467
GMD 72.501278
GNF 8640.311728
GTQ 7.643755
GYD 208.398948
HKD 7.849455
HNL 26.182027
HRK 6.455199
HTG 130.732754
HUF 341.080505
IDR 16297.85
ILS 3.43782
IMP 0.751467
INR 87.689003
IQD 1304.93922
IRR 42124.999693
ISK 122.350144
JEP 0.751467
JMD 159.191257
JOD 0.709001
JPY 147.258498
KES 128.901322
KGS 87.449956
KHR 3990.988091
KMF 422.49885
KPW 899.94784
KRW 1382.949742
KWD 0.30545
KYD 0.830112
KZT 535.217311
LAK 21550.46277
LBP 89250.942919
LKR 299.682905
LRD 199.72281
LSL 17.746006
LTL 2.95274
LVL 0.60489
LYD 5.421084
MAD 9.036657
MDL 16.918898
MGA 4406.722934
MKD 52.80344
MMK 2099.311056
MNT 3591.43546
MOP 8.053619
MRU 39.734309
MUR 45.350304
MVR 15.405187
MWK 1727.246592
MXN 18.59456
MYR 4.228506
MZN 63.960054
NAD 17.746006
NGN 1525.150182
NIO 36.657011
NOK 10.16617
NPR 139.928686
NZD 1.679882
OMR 0.384488
PAB 0.996082
PEN 3.542113
PGK 4.136416
PHP 57.210499
PKR 282.843731
PLN 3.660896
PYG 7460.963815
QAR 3.631534
RON 4.347702
RSD 100.350056
RUB 80.000386
RWF 1440.873964
SAR 3.752576
SBD 8.217066
SCR 14.635046
SDG 600.507518
SEK 9.604135
SGD 1.283585
SHP 0.785843
SLE 23.103011
SLL 20969.503947
SOS 569.31256
SRD 37.035999
STD 20697.981008
STN 21.025441
SVC 8.715614
SYP 13001.372255
SZL 17.742745
THB 32.299026
TJS 9.31359
TMT 3.51
TND 2.935899
TOP 2.342099
TRY 40.682075
TTD 6.75297
TWD 29.816023
TZS 2472.503383
UAH 41.441389
UGX 3556.272608
UYU 39.974254
UZS 12476.132039
VES 128.747751
VND 26215
VUV 119.124121
WST 2.771506
XAF 562.925172
XAG 0.026298
XAU 0.000296
XCD 2.70255
XCG 1.795214
XDR 0.700098
XOF 562.925172
XPF 102.345818
YER 240.449806
ZAR 17.74998
ZMK 9001.199098
ZMW 22.935654
ZWL 321.999592
  • SCU

    0.0000

    12.72

    0%

  • JRI

    0.0800

    13.34

    +0.6%

  • BCE

    -0.3100

    23.25

    -1.33%

  • NGG

    0.0200

    72.3

    +0.03%

  • CMSD

    0.0300

    23.54

    +0.13%

  • BCC

    -3.8500

    82.92

    -4.64%

  • GSK

    -0.5700

    36.75

    -1.55%

  • RBGPF

    1.0800

    76

    +1.42%

  • RIO

    0.3900

    60.09

    +0.65%

  • CMSC

    -0.1200

    22.95

    -0.52%

  • SCS

    0.0300

    15.99

    +0.19%

  • RYCEF

    0.1700

    14.5

    +1.17%

  • VOD

    0.2000

    11.3

    +1.77%

  • BTI

    0.5600

    56.4

    +0.99%

  • AZN

    -0.8800

    73.6

    -1.2%

  • RELX

    -1.7800

    48.81

    -3.65%

  • BP

    0.2800

    33.88

    +0.83%

Pacific ire at Australia's backing for fossil fuels
Pacific ire at Australia's backing for fossil fuels / Photo: © 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."

Z.Huang--ThChM