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Happy Friday!

You might sense some stress in offices again. Taylor Swift tickets are on sale again today.

Due to the demand, additional tickets (for the same shows already announced) are being released today, with prices starting from $79.90.

They will be available from 10am for Sydney and 4pm for Melbourne.

I've got 10 seconds

The quote
"In a contract valued at over $1 billion, we have achieved a deal of extraordinary scope." - SAG-AFTRA, the union for Hollywood actors, on the deal negotiated with film studios after 118 days of strike action.

The stat
$7.4 billion
NAB's net profits in the year since October 2022. It is nearly 10% higher than the year prior.

Today in history
1969: The American children's TV series Sesame Street debuted on television.

I've got 30 seconds

Some headlines from this morning:

  • The Federal Government has pledged $350 million to support the impacts of climate change in the Pacific. Prime Minister Anthony Albanese made the commitment following a discussion at the Pacific Islands Forum on Thursday morning. Further commitments from the Government are expected today.

  • Airbnb owners in WA will be offered an incentive payment of up to $10,000 to transition their property to a long-term rental. Owners will need to have had their property listed on a short-stay platform, such as Airbnb or Stayz, within the past six weeks and be willing to provide a 12-month lease to new tenants. Maximum rent prices will also apply. The measure is aimed at improving housing affordability and availability across the state.

I've got 1 minute

Omegle has shut down after 14 years, company founder Leif K-Brooks has announced.

The website randomly connected strangers in one-on-one online chats and videos.

In a lengthy statement posted to the site, K-Brooks said operating Omegle was "no longer sustainable, financially nor psychologically".

He used the statement to campaign for greater freedoms on the internet, and warn against overreaching regulations that could stifle online communication.

Omegle Founder Leif K-Brooks in a statement:
"Virtually every tool can be used for good or for evil, and that is especially true of communication tools...

"I have always welcomed constructive feedback; and indeed, Omegle implemented a number of improvements based on such feedback over the years. However, the recent attacks have felt anything but constructive. The only way to please these people is to stop offering the service."

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I've got 2 minutes

Last year, the Australian Government legislated to reduce carbon emissions to net zero by 2050.

'Net zero emissions' refers to balancing greenhouse gas emissions produced and taken out of the atmosphere.

So, are we on track to reach net zero by 2050?

Challenges:
Last week, Treasurer Jim Chalmers called for a shake-up of Australian industries to cut emissions.

During a conference speech in Melbourne, Chalmers said the transition to net zero requires a "uniquely Australian" approach, through harnessing resources and renewables.

"We will need to do even more to secure sufficient renewable energy generation, transmission and storage to meet our ambitions."

Progress so far:
Clean energy advisory group NEXA has found it's "extremely unlikely" that Australia will achieve its 2030 target of 82% renewables.

Government data shows renewables, such as wind, solar, and hydro (water) currently make up about a third of Australia's energy generation.

A report from Rystad Energy projected Australia will hit 64% renewable generation by 2030, falling short of the 82% target.

Head of research at the Climate Council Simon Bradshaw said "Australia is a wealthy developed country with an enormous renewable energy potential".

Despite this, he told TDA Australia is "not on track" to reach net zero by 2050.

Dr Bradshaw said the Government needs to make a "quantum leap" when it comes to how quickly it's rolling out renewable energy solutions in order to meet targets.

Global ranking:
According to the latest Climate Change Performance Index (CCPI), Australia ranked in the bottom ten for emissions.

The index ranked Australia as having higher emissions than places like India, UK, and China. It was critical of Australia's continued coal and gas mining, and subsidies for fossil fuel companies.

Australia was also called out as part of the G20 countries responsible for three-quarters of global emissions.

Global efforts:
Three-quarters of the world's greenhouse gas emissions come from energy.

It's prompted calls from UN scientists for a "complete transformation" of industries to reach net zero.

The UN predicted the world won't reach net zero by 2050 because it said most governments haven't made commitments that are significant enough to reduce greenhouse gas emissions.

Government response:
Climate and Energy Minister Chris Bowen conceded reaching the "ambitious" 2030 targets will be difficult, and said it was "crunch time" for transitioning to renewable energy.

Last month, Shadow Climate Minister Ted O'Brien said the Opposition is considering nuclear as an alternative for reaching net zero, calling for Australia to dump its "blanket ban" on nuclear power.

I’ve got 10 minutes

Get all the news you need to know today in your ears on The Daily Aus podcast!

Give me some good news

The AFLW final series starts tomorrow.

Minor premiers Adelaide will begin their finals campaign against Brisbane on Saturday afternoon, before the Gold Coast Suns host Sydney in the evening. Defending champions Melbourne will play the North Melbourne Kangaroos on Sunday afternoon.

A message from our sponsor

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Speaking of world-class, the hype around Coco Gauff is undeniable as the Australian Open 2024 approaches. But the thing we love most about Coco? Whatever happens, she just wants to enjoy the ride - as you’ll see in a video we made about her here.

If seeing her on screen isn’t enough, you can see Coco Gauff at this year’s AO - we’re tipping her to go far into the tournament. This year, there’s an extra day to soak up AO action - the tournament now starts on a Sunday, and there’s a solid chance Coco will be doing her thing from day one.

Make sure you buy your tickets here - we’ll see you at the tournament!

A TDA tidbit

Tracy Chapman has become the first Black songwriter to win the Country Music Award for Song of the Year, for a little ditty called ‘Fast Car’.

Now you may be thinking, hold on, wasn’t Fast Car released 35 years ago? You’re right - but this year it was covered by country artist Luke Combs, turning the 80s hit into a 2020s hit.

Combs collected the top prize at this year’s Country Music Awards, with Chapman also receiving the honour because she wrote the legendary track.

The cover’s success made Chapman the first Black woman to ever top the Billboard Country chart.

Chapman said it was “truly an honour” for the song to be recognised three decades after its original release.

Combs said it was “one of the best songs of all time” and that he’d recorded it “because I love the song”. Who doesn’t!

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