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Australia must reduce reliance on coal

2015-05-06 10:03:00| Climate Ark Climate Change & Global Warming Newsfeed

Australian Broadcasting Corporation: Australia must move away from its reliance on coal, says the United Nations' top climate negotiator Christiana Figueres. The executive secretary of the UN's Framework Convention on Climate Change spoke to delegates at the Australian Emissions Reduction Summit in Melbourne on Wednesday. She said peak global emissions had to be reached within the next 10 years so the reduction could begin and climate neutrality could begin in the second half of the century. In her first major interview since...

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Australia, New Zealand failing Pacific on climate: Fiji PM

2015-05-06 04:53:00| Climate Ark Climate Change & Global Warming Newsfeed

Agence France-Presse: Fiji Prime Minister Voreqe Bainimarama on Wednesday called for an end to Australia and New Zealand's "undue influence" on the Pacific Islands Forum (PIF), saying they had failed the region on climate change. Bainimarama said he would continue to personally snub Oceania's largest regional grouping while Canberra and Wellington's dominance continued. "We do not see Fiji's interests reflected in the stance being taken by Australia and New Zealand... especially on the biggest threat to our security...

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Australia stocks fall, with big banks, Woolworths all weaker

2015-05-06 03:59:26| Grocery - Topix.net

Australian stocks pulled sharpy lower in early Wednesday trade, dragged down by disappointing quarterly results, as well as a U.S. sell-off overnight and monetary concerns back home. The S&P/ASX 200 in New York.

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Australia shares lead losses

2015-05-06 03:58:46| BBC News | Business | UK Edition

Australia's stocks lead losses in Asia following shares in the US which finished the day lower after trade figures showed the US deficit jumped sharply in March, suggesting weaker economic growth.

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Australia: End of carbon tax drives brown coal use increase

2015-05-05 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Australian Broadcasting Corporation: MICHAEL BRISSENDEN: New data shows brown coal use in electricity production has surged to its highest level in three years. High emission brown coal now constitutes up to a quarter of the coal used to generate electricity in Australia's largest energy market - the most since 2012. The abolishment of the carbon tax is thought to be the driving the increase. Environmental groups say it casts serious doubt on the Government's claim that it can cut carbon emissions by 5 per cent by 2020. Michael...

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