We in Australia need to start addressing this problem seriously.
The University of Melbourne is hosting this free lecture, organised by the Melbourne Sustainability Society. The lecture will be given by OECD Environment Directorate Acting Director, Anthony Cox, and will focus on what governments can do to boost economic growth and enhance productivity without locking the world into a high-emissions future.
Even after the shutdown of Liddell, NSW still has excess baseload supply. Were the doomsayers right?
Fossil fuel companies risk wasting $1.6 trillion of expenditure by 2025 if they base their business on emissions policies already announced by governments instead of international climate goals, Carbon Tracker warns in a report released today, that models the IEA’s 1.75C scenario for the first time.
The action plan on sustainable finance adopted by the European Commission in March 2018 has 3 main objectives:
- reorient capital flows towards sustainable investment, in order to achieve sustainable and inclusive growth
- manage financial risks stemming from climate change, environmental degradation and social issues
- foster transparency and long-termism in financial and economic activity
Is this the beginning of the positive feedback effect. Does anyone know how it ends?
Although insurance companies are in the firing line of climate change risk, they need to do more to report the risks their firms face exposure.
As scientists refine their models, the outlook only worsens. We need to start planning for the scenarios forecasted.
Sea levels would rise between 70cm and 1.2m by 2300 even if the Paris Agreement greenhouse gas emissions targets were urgently met, researchers say. Every five-year delay in achieving zero net global carbon dioxide emissions this century would add 20cm .... Read More
There is a growing tide of opposition to fossil fuel powered cars. Can the car industry respond quickly enough?
The hidden costs of supplying our drinking water may be large!
South Australia Government again acts decisively and makes others appear laggards
It seems that leaders in Australia are in the minority when it comes to seizing the opportunity presented by climate change. One need only look to our North and learn from China’s approach to this challenge.
Likelihood and impact of global risks. In the top right quadrant, seven out of eight risks are climate change related. Is it time for drastic action or shall we kick the can a little further down the road?
A neat summary that stresses that we need to act much more quickly than we have so far.
Each year the Global Risks Report works with experts and decision-makers across the world to identify and analyze the most pressing risks that we face. As the pace of change accelerates, and as risk interconnections deepen, this year’s report highlights the growing strain we are placing on many of the global systems we rely on. Read more or download the full report here
If you were unlucky enough to catch Josh Frydenberg’s recent ‘car crash’ of an interview, where he tried to spin Australia’s fourth consecutive year of growing greenhouse emissions as nothing but good news, your ears might have pricked up at the claim that South Australia and Victoria have had to bring in ‘expensive and polluting’ diesel generators and that South Australia in particular is burning ‘80,000 litres of diesel an hour, just to keep the lights on’.
With so many half-truths floating about in the so called ‘energy debate’, it’s worth unpacking this claim. Read more
The overhaul of the regulatory regime for financial instruments, including commodities, since the banking crash of 2008 constitutes a lot more than the archetypal “butterfly flapping its wings” of chaos theory. So we should not be surprised to see far-reaching and unintended consequences in the market from the flapping of the weighty Dodd Frank and EMIR/MiFID wings of legislation.
Less than 10 years ago the Wall Street Banks were on top of the oil trading heap and their client business in derivatives was an important source of profit for the banks and a major entry point for any corporate hedger.
Things have changes in the last 10 years.