08/10/2021

(AU The Guardian) ‘Eye-Watering’: Climate Change Disasters Will Cost Australia Billions Each Year, Study Finds

The Guardian - 

Catastrophes like fires and floods could set the economy back more than $1.2tn by 2060, even if action is taken

Flood damage in the Windsor area along the Hawkesbury River during severe floods in NSW in March 20201. Climate change-related disasters will cost the Australian economy billions each year, a report by Deloitte Access Economics says. Photograph: Lukas Coch/AFP/Getty Images

Climate change-related disasters will cost Australia $73bn a year by 2060, even if action to curb emissions is taken now, a report has found.

And if nothing is done to tackle climate change, that figure will grow to $94bn a year by that date, a study by Deloitte Access Economics says.

The report, commissioned by the Australian Business Roundtable for Disaster Resilience and Safer Communities (ABR), found the cost of inaction on climate change to date, and forecast the price tag in three scenarios: low, medium and high emissions.

Under “low emissions”, climate change is contained to a 1.7C increase above pre-industrial levels, with emissions falling to zero by 2100. The “medium” scenario means temperatures start to decline by 2045, while under “high emissions” there are no efforts to curb them, causing temperatures to rise more than 2C by 2040, and 3C after 2060.

The report said the cumulative bill for Australia would run into the trillions over the next four decades.

“Over the next 40 years, the cost of natural disasters to the Australian economy is expected to be at least $1.2tn in present value terms,” the report said. “This cumulative cost would potentially increase by $125bn if a higher emission scenario eventuates.”

The report found two-thirds of the cost will be borne by Queensland and New South Wales, with Melbourne vulnerable to flooding events due to its proximity to major rivers.

Australia is already heavily exposed to natural disasters – fire, flood, hailstorms and hurricanes – that currently cost the country $39b a year. This figure is expected to rise dramatically as property values increase and more people move into areas vulnerable to extreme weather events that hit harder and more often.

The “nightmare” scenario would be a change in weather patterns causing a hurricane to land in south-east Queensland, which has been heavily built up by development.

It adds to a growing body of work in Australia and elsewhere that has sought to measure the risks of the climate crisis, including another by London-based thinktank Chatham House in September that considered the impact from climate change tipping points.

Dan Gocher, the director of climate and environment at the Australasian Centre for Corporate Responsibility, said even under a low-emissions scenario the figures in the report were “eye-watering” and should serve as a call to action.

“This research quantifies the cost of doing nothing about climate change,” Gocher said. “It’s the perfect riposte to those who repeatedly question the cost of reducing emissions.”

Erwin Jackson, policy director at the Investor Group on Climate Change, said Australia was highly exposed to the physical impacts of climate change and the government alone could not foot the bill.

Josh Frydenberg admits climate change a major preoccupation in global markets. Read more
He said the private sector would invest in resilience and adaptation measures but needed clear policy direction.

That had begun with a positive response by government to the bushfire royal commission, and the creation of a National Recovery and Resilience Agency, but more was required, he said.

“We look forward to more discussions with the government about how we unlock private sector capital to build resilience to the impacts of climate change,” he said.

Ian Dunlop, from the thinktank Breakthrough – National Centre for Climate Restoration, said the report was “very useful in confronting decision-masters with the implications of climate change” but the insurance sector was being “coy” about the issue.

He said deep cuts in emissions were required now to limit the rise in temperatures. “If you don’t do that, it’s game over,” he said.

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(AU ABC) Sustainable Development Won't Solve Environmental Crises, Say These Experts. It's Simpler Than That

 ABC Radio - National Antony Funnell, Future Tense

Some experts have labelled sustainability efforts as "greenwashing". (Getty Images: gollykim)

Sustainable development is a priority for anyone genuinely concerned about the environment.

Unless we as a society rethink our use of global resources, life, as we know it, will one day cease to exist.

The United Nations has made this an international imperative, setting out a series of 17 broad sustainability goals which it hopes can be met by 2030.

The corporate world has also come on board, with an ever-growing number of companies developing their own green reporting standards and committing to a sustainable future. Meeting those objectives is now a trillion-dollar industry.

The UN set out the Sustainable Development Goals "to achieve a better and more sustainable future". (Getty Images: SOPA)

The problem is, there's no consensus about what "sustainable development" actually means and how it should be measured.

Some researchers believe it's little more than corporate "greenwashing."

While others see it as a misplaced ideal that could exacerbate — rather than avert — social and environmental destruction.

Is sustainability even possible?

Academic Christopher Barnatt, from the website ExplainingTheFuture.com, describes sustainability as a "dangerous" concept.

"It gives the impression that we could all go on living exactly as we live today but sustainably — with this sort of magic thing wrapped around it," he tells ABC RN's Future Tense.

Sustainable development may be "politically convenient", he argues, but it has no real meaning in a world driven by exponential consumption and powered by unlimited extraction.

"As a physical concept, [sustainability] is impossible. Life itself is a physically consumptive process.

"The only way we can actually preserve things for the future and look after the environment is to change how we live, to use fewer resources, to value things in another way."

Climatologist Chirag Dhara agrees. While a focus on reducing fossil fuel use is laudable, he says, we have to be careful not to ignore the greater threat posed by the exponential consumption of resources.

"Our economy is highly extractive, whether it's agriculture [or] manufacturing. What's happening is our use of the raw materials, our material footprint, is growing in lockstep with the growth of GDP, our economic growth."

And that, says Professor Dhara, an assistant professor at Krea University in India, can't continue forever.

Even renewable energy technologies eventually need to be replaced, he points out. While they might be better for the environment, they're not cost neutral. They consume resources over the course of their lifespan and through the systems constructed to distribute the energy they generate.

Chirag Dhara warns that unbridled economic growth will have dire consequences for the planet. (Supplied: Chirag Dhara)

"All of this technology is made possible through principles of physics and chemistry and mathematics that allows them to happen, but the same principles inevitably limit them.

"That means that if we want to preserve the current paradise of limitless economic growth," he says, "it has to be completely decoupled from the use of material resources."

And under the current system of global consumer capitalism, he warns, that's never going to happen.

An instrument of division

For Melissa Checker, the term sustainable development conjures up very different thoughts – ones of displacement and social inequality.

"The way it's playing out, it's undermining its stated intention," she says. And there are contradictions in its application.

Melissa Checker is one of several experts urging a rethink around sustainable development. (Supplied: Melissa Checker)
Building a perfect Green Star-rated building loses all sustainable credentials, she says, if the land it's built on is a converted wetland.

An associate professor of urban studies at City University of New York, Dr Checker believes true sustainability and environmental justice are incompatible with dominant forms of urban development.

"Sustainability became a very useful concept in an effort to market New York city to more affluent residents and to promote the redevelopment needed to attract those upscale residents."

But, time and again, says Dr Checker, the end result has been a rise in property values which, in turn, has forced residents from lower socio-economic groups out of their homes and neighbourhoods.

It's also led to growing inequality in the provision of services and opportunities, she contends.

Another skyscraper is added to New York City's ever-growing skyline. (Getty Images: Robert Nickelsberg)

"As some neighbourhoods are being greened, other neighbourhoods are becoming more brown.

"Neighbourhoods that are not slated for gentrification or redevelopment are getting more toxic facilities, more industrial facilities and no green amenities. They are being sacrificed for the sake of redevelopment in these other places."

No consistent measurements

Dr Checker argues the concept of sustainable development has been hijacked by corporate interests. In the case of New York, she cites the powerful real estate and development sectors.

Her suspicions chime with recent research from Renard Siew, a climate change advisor with the Centre for Governance and Political Studies, headquartered in Malaysia.

Dr Siew, who also advises the World Economic Forum, says a lack of global consistency in the way sustainability standards are measured has allowed companies to game the system by picking and choosing the assessment tools that best suit their corporate interests.

"It's not surprising to see common indicators, common criteria such as carbon emissions reported differently. Which means it's very difficult to make an apples-to-apples comparison."

A lack of standardisation, Dr Siew says, is also an issue with the rating systems used to assess the eco-credentials of new and refurbished buildings. But at the heart of the problem, he says, is the voluntary nature of reporting.

"It should be made mandatory, with really detailed requirements of what is expected in terms of certain criteria, to avoid situations where a company can cherry-pick indicators that they want to report on to put them in a good light."

He notes that both the European Union and the UN are now making moves toward compulsory sustainability reporting measures. But progress is slow.

Back to the future

Design expert Stuart Walker from Lancaster University advocates a return to the original concept of sustainable development.

The UN's Brundtland Commission developed the term as a way of structuring international assistance to the developing world. It provided a framework to ensure future development in countries didn't inadvertently destroy people's livelihoods and the environment.

It was a multi-faceted approach, says Dr Checker.

"They called for prioritising of ecological, economic and social sustainability.

"European cities really took it on. Also environmental justice activists really embraced the term as a way to think about the kind of calls they were issuing for racial justice and social justice along with environmental justice."

But, according to Professor Walker, the embrace of the sustainability ethos was soon corrupted and is now predominantly viewed through the lens of business and finance.
"It's very easy to create a nice, green annual report about all the environmental things a company might be doing – but what is that in proportion to the whole of their operation?" he says.
"If you separate them out, you're not getting that holistic picture."

For Christopher Barnatt, the elephant in the room is modern capitalism and the theory of planned obsolescence, where objects are deliberately manufactured to be disposable in order to maximise the potential for future sales.

"Economics basically tells us to consume as much as we want and it doesn't cost-in the consequences: recognising there isn't an infinite supply of resources and that there are implications for the planet and the environment."

It's time to phase out the theory of planned obsolescence and return to valuing things, say some experts. (Getty Images: Bloomberg)

The answer, he says, is not only to consume less but to value more.

"We don't have to go back that far to find generations of people who saved up to purchase objects which they kept, in many cases, for a lifetime. They valued the things they had."

"Consuming less doesn't necessarily mean having a less material world," says Dr Barnatt. "It just has to be a material world in which we have the things we have for a longer period of time."

A world where disposability is once again considered a waste, not a virtue.

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(AU RenewEconomy) Gina Rinehart Peddles Climate Denial To Students In Bizarre Video Rant

RenewEconomy - 

Australia's richest person, Gina Rinehart, told students that climate science was "propaganda". (Source: YouTube)

Australia’s richest person, Gina Rinehart, has used a message to school students to peddle long-discredited claims that global warming is not real and said suggestions otherwise is merely “propaganda” pushed by those with vested interests.

In a bizarre recorded message to students at Perth’s St Hilda’s Anglican School for Girls – the school Rinehart herself attended – Rinehart warns students to be aware of the “propaganda” they may be taught at school – citing climate change as the key culprit.

The video was recorded last month as part of a 125th anniversary event for the school, and was addressed to the school’s students.

While Rinehart spends the first quarter of the video reflecting on her and her family’s connections with the school – the rest of the video turns into a disjointed rant about climate change, the media and her love of former UK prime minister Margaret Thatcher.

St Hilda's 125th Anniversary Event - Speech by Gina Rinehart

Rinehart spends much of the video complaining that students are not taught the widely debunked claims of climate change deniers, and goes on to praise the life of Margaret Thatcher and criticising social policy.

Rinehart, who has amassed wealth of more than $35 billion, mostly from mining, told the students to be aware of messages delivered by those motivated by money or egos.

“Rationale should ask, why does the media in general and those they influence now call for reducing carbon? More questions spring to mind. Please be very careful about information spread on an emotional basis, or tied to money, or egos or power seekers,” Rinehart said.

“It concerns me greatly, that the current generation of school leavers and attendees, too often miss such important basics. As too often propaganda erodes these critical foundations.”

Rinehart is the owner of Hancock Prospecting, which has interests in coal projects in Queensland’s Galilee Basin, and has plans to massively expand the company’s coal operations overseas.

Rinehart reveals that she organised for infamous climate change deniers, the UK’s Lord Monckton and Australia’s Ian Plimer, to speak to students in an effort to undermine the messages contained in former US vice-president Al Gore’s 2006 film An Inconvenient Truth.

“So I brought Lord Monckton and Professor Ian Plimer to address senior students and hopefully take away some of the emotional fear that was being spread around by such film and speeches,” Rinehart said.

“If I may ask a question for students to ask their teachers and do their own independent research. And that is, which comes first, global warming, or an increase in carbon?”

In the latest IPCC summary of climate change science, the world’s climate scientists say that “it is unequivocal that human influence has warmed the atmosphere, ocean and land.”

Despite this, Rinehart trotted out many of the old, discredited, arguments perpetuated by climate change deniers – including that observed global warming has been caused by natural phenomena.

Throughout the video, Rinehart includes slides that appear to question both climate change and medical science, including one that just says “medicine, should it be scientifically and factually based or politically based?”

They are messages that hark back to the prior decades of misinformation around the causes of climate change.

“Not so easy to find facts at times these days, not helped when the government supports grants towards one side of the argument, making it less beneficial to consider the natural influences on our climate,” Rinehart said.

“Distance from the Sun as the Earth orbits, which we should know influences summers and winters, volcanoes, including the many that erupt under the ocean, and other scientific facts that I had the benefit of learning when I was at school.”

“Indeed, importantly, as we are overwhelmed by media and propaganda today, that the earth lived through many ice ages and global warming’s pre man even being on this planet. Hence that multi global warming and ice ages are not caused by man.”

The video provides insight into the extent of Rinehart’s views, and the views of someone known to be a significant funder of climate change denial in Australia and overseas.

Rinehart has poured millions into groups like the Institute of Public Affairs, as well as making significant financial contributions to the Liberal-National coalition.

Rinehart also has links with members of the Morrison government, including deputy prime minister Barnaby Joyce, attorney general Michaelia Cash and former resources minister Matt Canavan.

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