UN expert group targets zero net zero target flimflam!

Let Me Sum Up

Perhaps for the final time in 2022 your intrepid hosts reconvene ENERGY CRISIS CORNER. Why you might ask? Only: the spectacular recall of the Federal Parliament to pass legislation on a price cap for wholesale gas for the next year, $3bn in bill relief for vulnerable Australians to be jointly paid by the Commonwealth and the states, price caps on coal to be enacted by the states AND somewhere in there a significant commitment to fund energy efficiency and electrification for households and businesses, $TBA. So y’know. #fairbiton

This week we discuss one of the bagillion reports launched at COP27, this one from the UN High-Level Expert Group on the Net Zero Commitments of Non-State Entities, ‘Integrity Matters: Net Zero Commitments by Businesses, Financial Institutions, Cities and Regions’. AKA the Greenwashing Report!

Frankie's One More Thing is the recent announcement from Treasurer Jim Chalmers that the Government will develop a comprehensive sustainable finance strategy, including mandatory climate risk reporting, a sustainable finance taxonomy and a crackdown on corporate greenwashing. It’s allllll coming together folks.

Tennant's One More Thing is a hot-off-the-press update from European Trilogues in which an agreement was reached on a host of measures, but of most interest to our resident CBAM enthusiast, was the green light on implementation for the European CBAM which will come into force in 2026 after a 3-year transition. Enough time for other jurisdictions to implement their own CBAMs? OUI! says Tennant.

Luke's One More Thing is a cracking podcast for the politically inclined, etymology curious subset of Summeruperers (ALL OF YOU RIGHT?). Origin Story sees hosts Ian Dunt and Dorian Lynskey dive into the histories behind words and concepts that are commonly misunderstood and get thrown around willy nilly. McCarthyism? Woke? Centrism? This pod has got you covered.

HOLIDAY SPECIAL: Summerupperers, to a collective ‘meh’ from your intrepid hosts at the result of our poll, we will indeed dutifully go and watch Don’t Look Up and bring you what could potentially be the last remaining hot spicy vindaloo takes on this analysed-up-the-wazooo climate movie. Frankie is happy it’s not Naked Gun 2.5 (also wasn’t an option) and Tennant is about as happy as the gas industry is right now (did you catch his openly self interested and partisan campaign for Soylent Green on Twitter?). The Good News? Don't Look Up is streaming now (and likely until the End Times) on Netflix, so you can watch along at home! Go on!

And that’s all from us this week Summerupperers! We shall see you next time and until then, please keep tweeting your thoughts to us at @LukeMenzel, @TennantReed and @FrankieMuskovic and if you would like to weave some golden threads through our back catalogue, give us your feelpinions or suggest papers to read we are always here for that - hit us up at [e-mail].