Australia asks Saudis to invest in renewable energy
Australia has invited Saudi Arabia and other oil-rich countries to put their money into wind and solar farms Down Under as the new government in Canberra declares it is “open for business” on renewable power investments.
The move is part of what Greg Hunt, Australian environment minister, says is a “significant change in tone on renewable energy” after Prime Minister Malcolm Turnbull seized the leadership of the ruling centre-right Liberal party in September from Tony Abbott.
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Mr Abbott’s departure is one of two significant political shifts in big fossil fuel-producing nations that have boosted hopes for the new global climate treaty due to be finalised in Paris next month.
The other came in October when Canadians voted for a new centre-left government led by Justin Trudeau.
Mr Trudeau claimed Canada became a “pariah” on climate change issues under Stephen Harper, his Conservative party predecessor, who pulled Canada out of the Kyoto protocol climate treaty in 2011.
In Australia, Mr Turnbull may struggle to meet the high expectations climate change campaigners have for his government.
http://www.ft.com/cms/s/0/3d41f412-86cb-11e5-9f8c-a8d619fa707c.html