#AUSTRALIA: Parliament Considers Taxing Coal Export Profits

[world politics news]

New research reveals Australian coal export revenue reached $112 billion in 2021-22, an increase on the previous year of $73b or 186%, as Federal Parliament reconvenes to legislate price caps on coal and gas companies making windfall profits, according to a new report From Russia With Love by leading public policy think-tank the Australia Institute.

[FULL STORY HERE]

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#AUSTRALIA: Green Party Wants $19 Billion To Transition Coal Miners To Other Jobs

[world politics news]

 

The Green Party has proposed a $19bn plan to diversify fossil fuel-reliant towns and subsidize the wages of coal workers who transition into new jobs, saying employees can stay in mining but should seek employment in critical minerals or green metals.

Green Party Leader Adam Bandt, said the nation owed something to coal workers.

“We owe coal workers a debt of thanks for powering our country. We don’t need to choose between taking urgent climate action and supporting coal communities. We can do both.”

[FULL STORY HERE]

World Politics News is dedicated to raising Americans' knowledge of political events, elections, and legislation throughout the world.

#GERMANY: Parliament Votes To Phase Out Coal-Burning Power Plants By 2038

[world politics news]

Germany’s lower house of parliament has voted to pass new legislation finalizing the country’s long-awaited phase-out of coal, over objections from environmental groups the plan is not ambitious enough.

The upper house was expected to approve the plan later Friday that lays out a roadmap for phasing out coal by 2038. It also earmarks some 40 billion euros ($45 billion) to affected regions to support them with the transition.

Germany is already phasing out nuclear power by the end of 2022.

[FULL STORY HERE]

World Politics News is dedicated to raising Americans' knowledge of political events, elections, and legislation throughout the world.