NAB’s Mike Baird calls green energy 'tipping point’

Rapid growth in renewable energy investment has propelled the sector to a "tipping point," former NSW premier Mike Baird says, amid predictions investors will pour trillions of dollars globally into green electricity projects in the coming decades.

Mike Baird, former NSW premier and NAB's chief customer
 officer for corporate and institutional banking, says green
energy is a "huge" opportunity for the bank.

Amid a bitter political fight over energy policy in Australia, Mr Baird, now a senior National Australia Bank executive, said global market forces were already driving long-term changes in the energy mix.

After NAB last year became the first major Australian bank to stop lending for new thermal coal mines, Mr Baird said the lender's balance sheet also reflected the "exponential" growth in renewable energy financing, which he viewed as a "huge opportunity”.

“We’re in a position that there are many moving parts to the energy policy discussion framework, but we’ve reached a critical point where the markets and investors are moving in respect of these challenges,” Mr Baird said in an interview with Fairfax Media.

Read the story Clancy Yates from The Age - “NAB’s Mike Baird calls green energy 'tipping point’.”

Ticks rising - lyme disease the first epidemic of climate change

Evolution has endowed the big-footed snowshoe hare with a particularly nifty skill. Over a period of about 10 weeks, as autumn days shorten in the high peaks and boreal forests, the nimble nocturnal hare transforms itself. Where it was once a tawny brown to match the pine needles and twigs amid which it forages, the hare turns silvery white, just in time for the falling of winter snow. This transformation is no inconsequential feat. Lepus americanus, as it is formally known, is able to jump 10 feet and run at a speed of 27 miles per hour, propelled by powerful hind legs and a fierce instinct to live. But it nonetheless ends up, 86 per cent of the time by one study, as a meal for a lynx, red fox, coyote, or even a goshawk or great horned owl. The change of coat is a way to remain invisible, to hide in the brush or fly over the snow unseen, long enough at least to keep the species going. 

In a warming world, ticks thrive inmate places than ever before,
making lyme disease the first epidemic of climate change.

Snowshoe hares are widely spread throughout the colder, higher reaches of North America – in the wilderness of western Montana, on the coniferous slopes of Alaska, and in the forbidding reaches of the Canadian Yukon. The Yukon is part of the Beringia, an ancient swathe of territory that linked Siberia and North America by a land bridge that, with the passing of the last Ice Age 11,000 years ago, gave way to the Bering Strait. All manner of mammals, plants and insects ferried east and west across that bridge, creating, over thousands of years, the rich boreal forest. But in this place, north of the 60-degree latitude, the axiom of life coloured by stinging cold, early snow and concrete ribbons of ice has been upended in the cosmic blink of an eye. The average temperature has increased by 2 degrees Celsius in the past half century, and by 4 degrees Celsius in the winter. Glaciers are rapidly receding, releasing ancient torrents of water into Kluane Lake, a 150-square-mile reflecting pool that has been called a crown jewel of the Yukon. Lightning storms, ice jams, forest fires, rain – these things are suddenly more common. Permafrost is disappearing.

Read the Aeon story by Mary Beth Pfeiffer - “Ticks rising.”