21 April 2016, ECOS/CSIRO, Systematically addressing disaster resilience in Australia could save billions. The cost of replacing essential infrastructure damaged by disasters will reach an estimated $17 billion in the next 35 years, according to the latest set of reports from the Australian Business Roundtable for Disaster Resilience and Safer Communities.The reports, Building Resilient Infrastructure and the Economic Costs of Social Impact of Disasters, outline the costs associated with replacing essential infrastructure damaged by disasters and provide an overview of the direct costs of physical damage within the total economic cost of disasters. In 2015, the total economic costs of disasters exceeded $9 billion, a figure that is projected to double by 2030 and reach $33 billion per year by 2050 – funds that could be spent elsewhere on other major national projects. During the Roundtable’s launch of the reports at Parliament House last month, risk expert and CEO of reinsurer Munich Re, Heinrich Eder, noted that these projections are based only on economic and population growth. They do not even include the increasingly detectable effects of climate change. These are big, and socially traumatic, numbers. Long-term they have the same sort of potential to create holes in national and state budgets as our ageing population does—the subject of repeated Intergenerational Reports and eventual decisions about adjusting retirement age. Read More here
Category Archives: Australian Response
15 April 2016, Renew Economy, Turnbull’s Jekyll and Hyde climate and clean energy policy. Environment minister Greg Hunt this week has been on a mini-tour of Western Australia, with the head of the Australian Renewable Energy Agency – which he wants to de-fund – announcing the sort of grants for solar and battery storage installations that he wants to stop. If there was any hint of irony in praising the work of ARENA and taking credit for the initiatives of an institution that the Coalition has spent much of the last three years trying to abolish, it was not immediately apparent. “The Turnbull government is providing $17 million funding for nine new R&D projects set to deliver renewable energy technologies and solutions suited to the 21st century,” Hunt proudly announced in a press release, before enthusing at the opening about the potential for Australia to lead the world in battery storage. “I’m delighted to announce that in partnership with Synergy, the Australian government is contributing $3.3 million for a community household storing of – solar storage and energy facility,” he told a gathering of media and dignitaries. “Behind us we have 1.1 million hours’ worth of storage. This is the real world, this is the future that is behind us in terms of storage, solar energy on the roofs in front of us, the storage behind us.” And on it went. Indeed, Hunt’s speech was a compilation of everything that people find confusing and dumbfounding about this Turnbull government. Australia will be among the first to formally sign the Paris climate deal, but it still hasn’t the domestic targets or the policies to get anywhere near its share of meeting that agreement; it professes support for wind and solar but has no new developments to show for it; it claims to have brought certainty to the renewable energy industry, when the only certainty in the last three years has been the lack of investment; it hails innovative solar and storage projects and then removes the funding mechanism that makes them possible; it applauds the work of a key agency it has tried to dismantle and finally strips it of funding; it wants to cease grants to clean energy projects “to protect taxpayers money” but then uses grants to polluters as the basis of its emissions reduction fund. Read More here
24 March 2016, Renew Economy, Five things we learned about Malcolm’s attempts not to be Tony. Plus ça change. The more it changes, the more it stays the same. And that ageless expression seems to apply with Malcolm Turnbull’s desperate efforts to convince people that he is not Tony Abbott, that he is not the sword carrier for Abbott’s policies as his predecessor suggests, and that he is not a slave to the conservative rump of his party. This week, Turnbull turned to clean energy to show that his spots are not the same as Abbott’s. If publicity and headlines are the main indicators, it has been a smashing success. Mainstream media has lapped it up: “PM’s climate of change,” hoorayed Fairfax. “Coalition saves two clean energy funds,” chorused the ABC. “PM tilts at green windmills,” booed the Murdoch media. (That editorial is probably worth a complete dissection on its own, so many errors, misconceptions and prejudices in such a few short paragraphs, but time is not infinite). But what really happened this week? In the face of opposition in the Senate, Turnbull bowed to the inevitable and decided to keep the Clean Energy Finance Corporation. That is good. And that is change. The CEFC – once decried by its newest biggest supporter, environment minister Greg Hunt as a great big green hedge fund – has been behind many of the most important new clean energy projects and initiatives in the country, underwriting finance for large-scale solar projects, innovative solar thermal installations, battery storage trials, and any amount of energy efficiency and rooftop solar support. And in doing this it has also delivered a significant return to the government. Hunt should now feel free to turn up at one of its project openings. Turnbull then took $1 billion out of the CEFC kitty and rebadged it with his favourite buzzword, “innovation” and claimed the creation of a “new” thing called the “Clean Energy Innovation Fund”. But it does not represent new funding. Read More here
23 March 2016, The Age, 50 years after “The Lucky Country”, Australia’s sustainability challenge remains. More than 50 years ago Donald Horne, then working in an advertising agency, described Australia as “a lucky country run mainly by second-rate people who share its luck”. The phrase “the lucky country” quickly became part of the language, though its message was often misrepresented. Horne’s 1964 book sounded three loud warnings about Australia’s future: the challenge of our geographical position, the need for “a revolution in economic priorities”, and the need for a discussion of what sort of country we want to become. Those warnings are even more urgent today after 50 years of inaction by our second-rate leaders. I’ve revisited Donald Horne’s ideas and updated them for the 21st century. An additional complication is the accumulating evidence that we are not living sustainably. Heading Backwards? The need for change was underlined by a 2015 UN report on sustainability. Australia ranks 18th of the 34 developed countries, below the UK, New Zealand and Canada, based on indicators covering economic, social and environmental progress. We are among the worst of the affluent countries on resource use, waste production, greenhouse gases released per unit of economic output, and our obesity rate. We are also well below average on social indicators such as education level, gender pay gap and proportion of women in parliament, as well as economic indicators such as the poverty rate and the degree of inequality. Interestingly, the top four countries were the Scandinavian nations of Norway, Sweden, Denmark and Finland. The United States ranked 29th. It is a reminder that only ideologues with no concern for evidence could still be seeing the United States as a model to which we should aspire, rather than the much more successful Scandinavian approach. Read More here