“if by some miracle we…drastically reduce our energy consumption….we would leave a lot of oil, or other energy forms, available to for instance the Chinese, who could use it against us.”
The above is nearly as succinct a summary of our predicament as it is possible to make. If we in the developed world reduce our use of fossil fuels, some other country or group of countries will eagerly step in to take up the slack. Only when the energy obtained from burning fossil fuels exceeds the energy used in retrieving them will humankind stop burning them. I have never heard a convincing argument contra this stance.
“Does Australia have any laws at all?”
Of course we do. For the little people anyway.