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'description' => '<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong>Issue</strong></span></span></p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Australia has announced that it is planning to achieve net zero emissions by the year 2050. The announcement comes days before the climate change conference (COP26) at Glasgow.</span></span></p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"> </span></span></p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong>Background</strong></span></span></p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Australia is relatively late when it comes to announcement of net zero emissions among developed economies of the world.</span></span></p>
<p style="margin-right:0cm"> </p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong>Details</strong></span></span></p>
<ul>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Declaration of net zero emission has been done earlier by countries such as US and UK. US will halve its emissions by 2030 and UK will source all of its electricity from renewable sources by the year 2035.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Encouraging countries to come forward with “ambitious” emissions reduction targets by 2030 is one of the major agendas for COP26.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">For taking climate change related action, decade leading to 2030 is very important. It will help in reaching a net zero situations by 2050.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Keeping temperatures to below 2 degrees Celsius, preferably to under 1.5 degrees Celsius is one of the goals made under 2015 Paris Agreement.</span></span></p>
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<p style="margin-right:0cm"> </p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong>Net zero</strong></span></span></p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">A method of achieving a balance between the greenhouse gases that are produced and the greenhouse gases that are taken out of the atmosphere. It will focus on consuming only as much energy as is produced. </span></span></p>
<p style="margin-right:0cm"> </p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong>Australia’s targets</strong></span></span></p>
<ul>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">It has been named “Long-Term Emissions Reduction Plan”. It will focus on reducing cost of low emissions technology.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The technology employed includes clean hydrogen, low cost solar, energy storage and low emissions steel and aluminum. The goal is to decarbonise the world’s economy.</span></span></p>
</li>
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<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"> </span></span></p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong>Benefits</strong></span></span></p>
<ul>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">It will help Australia to reduce emissions by up to 35 per cent by 2030. The plan is expected to deliver more than 100,000 jobs by 2050.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Exports from Australia are expected to more than triple between 2020 and 2050. Household electricity bills will be lower than today.</span></span></p>
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<p style="margin-right:0cm"> </p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong>Criticisms</strong></span></span></p>
<ul>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The plan has been criticized as “incomplete” and a “scam”. There is no clear plan on balancing coal industry and reaching net zero by 2050.</span></span></p>
</li>
<li>
<p><span style="font-size:11.0pt"><span style="font-family:"Calibri","sans-serif"">Critics also say that climate policies and commitments are not Paris Agreement Compatible. The policy will succeed if all other countries followed a similar level.</span></span></p>
</li>
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'title' => 'Australia’s 2050 net zero emission target',
'description' => '<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong>Issue</strong></span></span></p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Australia has announced that it is planning to achieve net zero emissions by the year 2050. The announcement comes days before the climate change conference (COP26) at Glasgow.</span></span></p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"> </span></span></p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong>Background</strong></span></span></p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Australia is relatively late when it comes to announcement of net zero emissions among developed economies of the world.</span></span></p>
<p style="margin-right:0cm"> </p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong>Details</strong></span></span></p>
<ul>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Declaration of net zero emission has been done earlier by countries such as US and UK. US will halve its emissions by 2030 and UK will source all of its electricity from renewable sources by the year 2035.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Encouraging countries to come forward with “ambitious” emissions reduction targets by 2030 is one of the major agendas for COP26.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">For taking climate change related action, decade leading to 2030 is very important. It will help in reaching a net zero situations by 2050.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Keeping temperatures to below 2 degrees Celsius, preferably to under 1.5 degrees Celsius is one of the goals made under 2015 Paris Agreement.</span></span></p>
</li>
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<p style="margin-right:0cm"> </p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong>Net zero</strong></span></span></p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">A method of achieving a balance between the greenhouse gases that are produced and the greenhouse gases that are taken out of the atmosphere. It will focus on consuming only as much energy as is produced. </span></span></p>
<p style="margin-right:0cm"> </p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong>Australia’s targets</strong></span></span></p>
<ul>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">It has been named “Long-Term Emissions Reduction Plan”. It will focus on reducing cost of low emissions technology.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The technology employed includes clean hydrogen, low cost solar, energy storage and low emissions steel and aluminum. The goal is to decarbonise the world’s economy.</span></span></p>
</li>
</ul>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"> </span></span></p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong>Benefits</strong></span></span></p>
<ul>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">It will help Australia to reduce emissions by up to 35 per cent by 2030. The plan is expected to deliver more than 100,000 jobs by 2050.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Exports from Australia are expected to more than triple between 2020 and 2050. Household electricity bills will be lower than today.</span></span></p>
</li>
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<p style="margin-right:0cm"> </p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong>Criticisms</strong></span></span></p>
<ul>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The plan has been criticized as “incomplete” and a “scam”. There is no clear plan on balancing coal industry and reaching net zero by 2050.</span></span></p>
</li>
<li>
<p><span style="font-size:11.0pt"><span style="font-family:"Calibri","sans-serif"">Critics also say that climate policies and commitments are not Paris Agreement Compatible. The policy will succeed if all other countries followed a similar level.</span></span></p>
</li>
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