Support for fossil fuel firms to pay for climate damage

Support for fossil fuel firms to pay for climate damage

Many Australians consider the toll on communities from extra extreme storms, floods and bushfires needs to be lined by coal, oil and fuel companies, a survey exhibits.

Independent Senator David Pocock will launch the benchmark report on Wednesday as calls develop for more durable taxes on fossil gas producers and customers.

“Communities right around the country are already feeling the devastating impacts from more extreme weather events and natural disasters, which are only getting worse,” he stated.

“This is not the new normal, it is a glimpse of what’s to come.”

Respondents to the Australia Institute survey supported a polluter pays tax (74 per cent), windfall income tax on the oil and fuel trade (66 per cent) and a levy on fossil gas exports to fund local weather adaptation (59 per cent).

Three-quarters of these polled count on local weather change to end in dearer insurance coverage premiums and worry climate-related disruptions to produce chains will make it more durable to purchase important items.

Rising electrical energy costs have been blamed on profit-seeking electrical energy corporations and poor coverage making moderately than local weather impacts.

Polly Hemming, local weather and power director on the Australia Institute stated communities and households are already feeling the pinch from challenges on a number of fronts.

“Australians want those who are profiting from the climate crisis to pay for the damage they are causing,” she stated.

Senator Pocock stated the report reinforces the very clear message Australians despatched on the final election once they elected a file variety of parliamentarians pushing for a lot better ambition on local weather change.

“Our climate and earth systems are breaking down at an even faster rate than scientists had feared, meaning we need to accelerate action,” he stated.

The Climate of the Nation analysis is Australia’s longest steady survey of group attitudes to local weather change.

Source: www.perthnow.com.au