Showing posts with label impact of climate change. Show all posts
Showing posts with label impact of climate change. Show all posts

23 November, 2019

Pall of smoke a grim reminder of climate change risks


Maroubra Beach on Friday as air quality in Sydney was ranked the ninth poorest among capital cities in the world.

The pall of smoke obscuring Sydney is a grim reminder that the impact of climate change is pervasive and all-too-real.

The burning of fossil fuels, deforestation and increased agricultural production did not cause the bushfires or the protracted drought affecting Australia. But they have caused global warming which has, in turn, exacerbated the scale and intensity of these calamities.

Even people who have ignored the issue are getting an inkling that climate change is not just a political debate but something that will affect their daily lives. The hazy skies are a warning that it will change the great Australian summer.

The start of the hot weather each year will no longer be an invitation to happy days at the beach. It will instead be the harbinger of weeks and months when the skies are leaden with smoke, the sun looks like a glaring searchlight and the air smells worse than in Shenzhen or Lagos.


Read the Editorial from The Sydney Morning Herald - “Pall of smoke a grim reminder of climate change risks.”

13 March, 2019

Climate change costs will have knock-on effect on interest rates, Reserve Bank warns

The Reserve Bank has warned it will have to take the impact of climate change into account when setting interest rates.
Reserve Bank Deputy Governor Guy Debelle delivering
his speech to the Centre for Policy Development.
"The economy is changing all the time in response to a large number of forces," Guy Debelle said in a keynote address to the Centre for Policy Development.

"Monetary policy is always having to analyse and assess these forces and their impact on the economy.