MARKETS

AP6 reaffirms commitment to fossil fuels

THE Asia-Pacific Clean Development and Climate Partnership has chosen Australia to lead a taskfor...

Sabian Wilde
AP6 reaffirms commitment to fossil fuels

At the conclusion of the climate change summit yesterday, ministers from Australia, the United States, Japan, China, South Korea and India formed eight groups to consider ways to reduce emissions. The countries will report back in one year on how exactly that will be done.

Australia was also selected to co-chair, with South Korea, a group looking at the renewable energy sector.

The partnership did not set any targets for reducing greenhouse gas emissions, but prime minister John Howard yesterday committed A$100,000 over five years to support innovation in low-emission technologies. A quarter of this total is reserved for renewable energy projects, which can also bid for the remaining A$75 million.

Money will start to be allocated in about six months, after the initial reports from working groups make recommendations on which projects to fund.

At the end of the meeting, the countries emphasised in a communiqué that fossil fuels would continue to underpin their economies "and will be an enduring reality for our lifetimes and beyond."

"It is therefore critical that we work together to develop, demonstrate and implement cleaner and lower emissions technologies that allow for the continued economic use of fossil fuels while addressing air pollution and greenhouse gas emissions," the communique said.

The eight task forces are on: cleaner fossil-fuel energy; renewable energy; more efficient power generation and transmission; steel; aluminium; cement; coal mining, and building and appliances.

But a specific group was not set up to discuss nuclear energy. The US Energy Secretary, Sam Bodman, said nuclear energy was likely to be discussed by the renewable energy group.

The Australian Labor Party seems to be divided on its response to the communique.

After attending the talks, shadow minister for resources Martin Ferguson said the AP6 was "vital" to delivering cleaner technologies, according to the Australian newspaper. Ferguson also reiterated his support for nuclear power.

But acting Labor leader Jenny Macklin called for Australia to ratify the Kyoto Protocol and criticised the conference's decision to not set emission reduction targets.

EnvironmentalManagementNews.net

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

Mining Magazine Intelligence: Automation and Digitalisation Report 2024

Exclusive research for Mining Magazine Intelligence Automation and Digitalisation Report 2024 shows mining companies are embracing cutting-edge tech

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets