Analysis

Internationally, as in Australia, governments forced to promise climate change action have generally promoted market-based carbon abatement schemes, mostly of the “cap and trade” variety. But can we trade our way out of our climate difficulties? Can market mechanisms deal with a problem of such scale and urgency?

“As near as we can tell looking at the historical record, there’s been ice in the Arctic in the summer for at least 16 million years”, Don Perovich, a geophysicist with the US army’s Cold Regions Research and Engineering Laboratory, told the August 4 Four Corners program. Arctic ice melt over this year’s northern summer has been at record levels, leaving the amount of ice remaining alarmingly low.

Refugee activists have welcomed the July 29 announcement by federal immigration minister Chris Evans to significantly dismantle Australia’s policy of mandatorily detaining refugees. They noted, however, that while the changes represent an important victory for the movement for refugee rights, the struggle is not yet over.

Millions of Australian workers have faced the worst losses in their superannuation since 1992. Super funds have shown losses of on average 6.4% for the last financial year, with some showing losses as high as 15%, putting workers’ retirement funds in jeopardy.

The Australian Workers Union has many members in the aluminium refining and smelting industry, which accounted for 45.3 million tonnes of greenhouse gas emissions in 2006 (7.9% of Australia’s total). Obviously, such a major greenhouse polluter — the dirtiest for every dollar of value added — has to be radically restructured if carbon emissions are to be cut to sustainable levels.