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Demand a national climate compensation fund!

The Morrison Government is ignoring survivors of climate disasters, forcing them to foot the bill for damage caused by reckless fossil fuel corporations.

We know coal, oil and gas mining corporations are the biggest contributors to climate change – because they cause the damage they should pay to clean up the mess.

Together, we can demand our government replace the burning of coal, oil and gas with the power of renewable energy, and implement a national climate compensation fund that makes the corporations responsible help our communities get back on our feet.

Act now to turn the tables – sign the petition!

Headline - WA bushfires linked to climate change as at least five homes lost
A national climate compensation fund would reduce the burden on everyday people and instead require big polluters to pay for the climate damage they cause.

The Australia Institute has a proposal for such a fund, financed by charging big corporations $1 per tonne of climate pollution from coal, oil and gas exports. At current export levels, that's $1.5 billion per year invested into the communities directly impacted by climate damage.1

In doing so, it'd protect the industries most exposed to climate damage, and fund the delivery of health and social services required to help our communities recover from such events.
This is already happening all around the world, and here in Australia too, as states and territories set ambitious climate pollution reduction targets and invest in renewable energy and energy efficiency.

There is sadly little to no progress at the federal level. We only have two working federal climate agencies – the Clean Energy Finance Corporation and the Australian Renewable Energy Agency – and even they are under attack from the Morrison Government.

When COVID-19 hit, we had the chance to start anew, driving jobs in the renewable energy sector and other low emissions industries like health and education. Instead, Morrison appointed controversial gas-lobbyist Nev Power to advise on our economic recovery.

So of course it was no surprise when that led to Minister for Emissions Reduction Angus Taylor trying to change the rules for our clean energy agencies to enable the gas industry's plans.

But one of the fastest ways we can replace burning coal and gas with renewable energy is through these agencies and strong climate targets, with greater funding to fast track jobs and projects powered by the sun and the wind.
Scientific experts at the Climate Council have said repeatedly that flood disasters are made more likely by climate change. Burning coal and gas is the worst cause of climate damage, heating our planet and supercharging extreme weather.

They say this pattern, of long droughts followed by unprecedented downpours, is what we expect from climate change. A warmer and wetter atmosphere can hold more water vapour—around 7 percent more for every degree of warming—and provide greater energy for weather systems.

Globally, and in many parts of Australia, we are already experiencing more of our rainfall in the form of torrential downpours.

There are many important things we can do to protect communities from floods, like not building on floodplains, protecting wetlands and green space, and listening to First Nations peoples' historical knowledge.

And helping communities recover from escalating climate damage needs a colossal increase in investment.
[1] The National Climate Disaster Fund, >The Australia Institute, December 2019.


Dear elected representatives of the Australian Federal Parliament:

Large coal, oil and gas corporations are the worst cause of climate damage. Communities pay billions each year to recover from climate disasters.

We demand you help communities recover, and protect us from even worse impacts:

  • Create a climate compensation fund paid for by the coal, oil and gas industries so they can pick up the tab for their damage.

  • Urgently replace burning coal and gas with renewable energy from the wind and sun.

24,713 signatures

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