Australia is the third biggest exporter of fossil-related emissions, according to a new report. Analysis by the Australia Institute finds that the country is responsible for 7 per cent of global fossil fuel exports based on carbon dioxide potential, behind only Russia and Saudi Arabia. Australian coal exports make up 29 per cent of the global coal trade, and doubled between 2000 and 2015. Liquefied natural gas exports tripled over the same timeframe to 6 per cent of trade. On Sunday Tuvalu's prime minister Enele Sopoaga condemned Australian prime minister Scott Morrison's conduct at last week's Pacific Islands Forum, where Australia stood alone against a unanimous statement in support of phasing out coal. Sopoaga called Morrison’s attitude “neo-colonial” and questioned Australia's future in the 18-member body. He also threatened to withdraw Tuvalu from Australia's seasonal worker program in response to deputy prime minister Michael McCormack saying people from Pacific countries threatened by climate change would survive because “many of their workers come here and pick our fruit”.
Speaking of living for the now at the expense of the future: A new Grattan Institute report finds that today's young Australians are at risk of being the first generation in memory to have lower living standards than their parents. The report Generation gap: ensuring a fair go for younger Australians found that older households’ wealth has grown by more than 50 per cent since 2004, but that the wealth of households headed by someone under 35 has hardly changed since 2004. Due to recent wage stagnation and rising under-employment, younger people are spending less on “non-essential items such as alcohol and clothing” and more on necessities such as housing than they did three decades ago. The report also found governments had to spend more on aged care and pensions, but there are fewer working-age people per retired person to pay for it, with the number of 15-64 year-old Australians for every person aged 65 or older dropping from 7.4 in the mid-1970s to 4.4 in 2014-15, and projected to fall further to 3.2 in 2054-55. The report noted that policies offering generous superannuation tax breaks exacerbated the situation. “Working-age Australians are underwriting the living standards of older Australians to a much greater extent than the baby boomers did for their forebears, straining the generational bargain to breaking point,” said lead author Danielle Wood.
On the subject of breaking points: China's ambassador to Australia has told The Sydney Morning Herald and The Age that the Morrison government should not interfere in its affairs by supporting the “violent radicals” in Hong Kong. Ambassador Cheng Jingye warned that any effort to “mess up” the former British outpost would fail. The comments come after more than 1.7 million pro-democracy protesters gathered en masse at Victoria Park on Hong Kong Island on Sunday, one of the largest rallies since the protests began about three months ago.
In sport: The second Ashes men’s cricket Test has ended in a draw, with Australia surviving a late flurry of wickets from England to end the fifth and final day on 6-154. Steve Smith, who was felled by a bouncer on Sunday, failed a morning concussion test, with his replacement Marnus Labuschagne top scoring for the visitors with 59 to ensure Australia maintained a 1-0 series lead after two Tests.