3 September 2015, Renew Economy, Graph of the Day: Big carbon cuts will not pull down economy. Australia Prime Minister Tony Abbott insists that the world should protect its one and only planet, but not at the cost of economic growth. Apart from the question of what sort of economic growth could be achieved in a degraded environment – think of the impacts on crops and agriculture, water scarcity, infrastructure and storm damage – here is some good news: setting ambitious targets to cut carbon emissions does not need to impact economic growth. How do we know this? Because the Abbott government’s own modelling tells us so. They commissioned economist Professor Warwick McKibbin to model the impact on various levels of emission reductions out to 2030. The blue bars on the left show us the various modelling of economic growth assuming no emission reductions. The dark bars show the impact with a 26 per cent target by 2030, and a 45 per cent target. Read More here
26 August 2015, The Guardian, US environmental agency advising Australia on impact of fracking on water. The US’s Environmental Protection Agency has given Australia’s Department of the Environment details of recent fracking study and is peer reviewing papers. The Australian government has obtained information from US environmental regulators on the impact of fracking upon water supplies to help inform a new set of guidelines it is preparing on the controversial activity. The US’s Environmental Protection Agency has supplied the Australian Department of the Environment with the details of a recent study on fracking. The EPA has also helped the department peer review a number of its own documents. The EPA report is the result of a request from Congress to analyse how fracking for oil and gas is affecting water supplies in the US. Fracking, or hydraulic fracturing, is a process where a combination of water, chemicals and sand is injected deep underground in order to release oil or gas from rocky areas. Fracking is banned in Victoria and has faced opposition from environmental groups, some farmers and radio personality Alan Jones in New South Wales and Queensland. However, the EPA report said it could find no evidence of “widespread, systemic impacts on drinking water resources in the United States” from fracking, which is deployed across vast swathes of the country. Read More here