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Paris Agreement

January

Peter Dutton will not withdraw Australia from the Paris climate accords

Coalition will set 2035 climate targets, but only if in government

Peter Dutton has confirmed he would not follow Donald Trump and withdraw Australia from the Paris climate accords.

  • Phillip Coorey
President-elect Donald Trump takes the oath of office in the Rotunda of the US Capitol in Washington.

Trump takes charge and starts to upend geopolitics

In his first hours in the White House, the new president withdrew the US from climate and tax agreements, and threatened tariffs on China, Canada and Mexico.

  • Andrew Tillett and Michael Read
President Trump holds up an executive order commuting sentences for people convicted of offences during the January 6, 2021, riots on Capitol Hill.

A rundown of Trump’s executive actions

The new president wasted no time in announcing steps to implement many of his campaign pledges, including on immigration, energy, the military and federal workforce.

  • Stephanie Lai, Skylar Woodhouse and Hadriana Lowenkron
Positioning banks as competing with brokers is like saying Hilton hotels is competing with travel agents, instead of Hyatt and Sofitel.

Banks stand firm on ESG after Dutton ‘woke’ jibe

Banks and their shareholders reject the claim “wokeness” is stopping them lending to fossil fuel and forestry businesses, arguing that commercial reality drives loan decisions.

  • John Kehoe
LA fires

Climate heat is still on investors despite BlackRock’s net zero exit

Investor climate initiatives can and should play a role in stewarding the economy but have so far failed to bring real-world emissions into line with global goals.

  • Will van de Pol
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Fire crews battle the Kenneth Fire in the West Hills section of Los Angeles.

Albanese seizes on Los Angeles fires to argue case for climate action

As some of the world’s wealthiest enclaves are destroyed, the PM says Peter Dutton’s nuclear energy plan will delay action to address climate change.

  • Andrew Tillett

December 2024

Westpac chairman Steven Gregg and  CEO Peter King at the bank’s 2023 AGM. This year’s meeting will be held in Sydney on Friday.

Calls grow for Westpac to reveal energy transition plan thinking

Australian Ethical and Market Forces have put forward a resolution for a second year seeking more detail on the bank’s assessment of borrowers’ transition plans.

  • James Eyers
Sophie Jackman is likely to expand her team when the new sustainability reporting standards are introduced.

How accountants will help save the planet

The once humble accountant will be key to supporting the transition to net zero.

  • Sally Patten
Andrew Forrest is the executive chairman of Fortescue and owns a sprawling renewables development business in Squadron Energy.

Andrew Forrest-backed wind farm gets taxpayer revenue guarantee

Energy Minister Chris Bowen will on Wednesday announce 19 projects to get the guarantee, but a new report says environmental laws are causing major project delays.

  • Ronald Mizen

November 2024

Minister for Climate Change and Energy Chris Bowen.

Emissions fell at one-fifth rate needed to achieve 2030 target: CCA

Emissions fell by 20 per cent of the 15 million tonnes the Climate Change Authority says is needed to achieve Australia’s 2030 emissions reduction target.

  • Ronald Mizen
Climate Change and Energy Minister Chris Bowen at COP29 in Baku, Azerbaijan.

Australia left in limbo after fight to host global COP talks falters

Australia is vying with Turkey to host the annual climate summit, but a discordant meeting in Baku deferred the decision until June – after the federal election.

  • Updated
  • Hans van Leeuwen
Pam Bondi.

‘Prosecutors will be prosecuted’: Trump’s A-G sets her targets

Pam Bondi has always been a staunch defender of Donald Trump; Scott Bessent was a fund-raiser for Al Gore before switching to Trump; the COP29 meeting secured a last-minute deal. Here’s how the day unfolded.

  • Updated
  • Andrew Hobbs
The group chief financial officer of Ramsay Health Care, Martyn Roberts.

Don’t dump corporate climate targets because of Trump, CFOs say

Big business is locked in to its decarbonisation path given commitments made in other countries, and to investors, senior executives said.

  • Amelia McGuire

The energy transition will be much cheaper than you think

Analysts have for decades severely overestimated energy demand and underestimated the speed of technological advances.

A protester speaks at COP29 in Baku, Azerbaijan.

No-shows and early exits make climate talks a sideshow

The world leaders who skipped Baku last week are all in Brazil now. While COPs are always fraught and fractious, this one feels at risk of sliding into irrelevance.

  • Updated
  • Hans van Leeuwen
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Fortescue executive chairman Andrew Forrest at COP29 in Baku.

Forrest makes ‘dollars and cents’ appeal to climate sceptic Trump

The US president-elect has already reached out to the Fortescue boss, who has switched from environmental rhetoric to the language of economic rationalism.

  • Hans van Leeuwen
‘Gift of God’ … Azerbaijani president Ilham Aliyev extols his country’s natural resources.

Oil and gas are ‘a gift of God’: COP29 leader

The Azerbaijan president’s opening speech was a striking start to the climate summit, already marred by uncertainty and absenteeism.

  • Hans van Leeuwen
John Podesta at COP29 in Baku, Azerbaijan. “Are we facing new headwinds? Absolutely. But we won’t revert to the energy system of the 1950s. No way.”

Carbon trading deal struck despite likely US exit from Paris accord

Carbon trading could help raise some of the cash developing countries need to adapt to the effects of climate change, and enable big polluters to cut emissions.

  • Kenza Bryan, Attracta Mooney and Aime Williams
COP29 isn’t looking likely to be a high-visibility climate summit.

Why no one is turning up to this year’s climate summit

COP29 is meant to land a $US1 trillion deal to fund poor nations’ fight against climate change. But political and business leaders are a widespread no-show.

  • Hans van Leeuwen
Trump has pledged to increase oil drilling, such as at Oil Search’s Alaskan site.

Pressure on other countries to lead on climate after Trump win

Experts say Trump’s election means countries will need to engage with US businesses and states to ensure the energy transition continues.

  • Hannah Wootton

Original URL: https://www.afr.com/topic/paris-agreement-60d