On this day, May 13, 1992, Australian business groups did what they have done in the intervening 30 years – predicted imminent economic apocalypse, via “independent” studies, if even one lump of coal remained unburned.
The context was the impending Rio Earth Summit (though the text below makes it clear that threat was already receding).
The Australian business lobby had already fought a successful campaign against a carbon tax, and got lucky when Paul Keating took over from Bob Hawke as Prime Minister of Australia – Keating loathed the “Ecologically Sustainable Development” process Hawke had been forced to initiate in 1990. Keating’s loathing of greenies would escalate in the coming years.
1992 Brown, B. 1992. Pressure builds on Aust over greenhouse emissions. Australian Financial Review, 14 May, p.11. Australia may come under pressure to sign a declaration to stabilise greenhouse gas emissions, although a convention adopted at a United Nations meeting in New York last weekend set no target. Developing and European nations that could achieve stabilisation of greenhouse gas emissions at 1990 levels by the year 2000 are expected to push for this target at the Earth Summit in Rio de Janeiro in June. A United Nations Framework Convention on Climate Control agreed last weekend on a text to reduce greenhouse gas emissions, but without a specific target. The target will be considered by member governments before the Rio meeting.
But to reach the stabilisation target, Australia would need “excessively stringent government intervention”, according to one of two industry-commissioned studies released yesterday. The studies, prepared by the Canberra-based economic consultants ACIL Australia and Swan Consultants for the Business Council of Australia, said advice to the Government had seriously underestimated the economic costs of stabilising greenhouse emissions
Why this matters
Personally, I think it’s worth seeing the techniques used. Not because we can turn back time, not because the same exact tactics are still being used (though, well, basically they are). But because…? Dunno. Bearing witness?
What happened next
Australia signed and ratified the UNFCCC. It even introduced a worthless “National Greenhouse Response Strategy.” State and federal governments kept building coal-fired power plants, expanding and giving permission for more coal mines, as if there was no tomorrow.
And there isn’t much of one now, is there?