Keywords: Net Zero

  • ECONOMICS

    Climate change trillions

    • David James
    • 08 November 2021

    The Glasgow United Nations Climate Change Conference has been advertised as an effort to focus on sustainable environmental solutions. What got much less attention, if any, is that it is probably at least as much about having a sustainable financial system. Many noted that China, did not send its leader: Xi Jinping, president of the world’s greatest CO2 emitter. There was also another significant absence: the financiers who are hoping to profit from the trillions allocated into climate change projects.

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  • ENVIRONMENT

    Scott Morrison’s climate PFFT

    • Greg Foyster
    • 27 October 2021
    6 Comments

    After an excruciating few weeks of negotiations with the Nationals — and far too many hours subjected to Barnaby Joyce’s ramblings — the Morrison government has finally announced their predictably underwhelming plan to reach net zero emissions by 2050.

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  • ENVIRONMENT

    The right to a healthy environment

    • Cristy Clark
    • 21 October 2021
    2 Comments

    On 8 October, at its 48th session, the United Nations Human Rights Council formally adopted a resolution recognising the human right to a clean, healthy and sustainable environment. It emphasises that ‘environmental degradation, climate change and unsustainable development constitute some of the most pressing and serious threats to the ability of present and future generations to enjoy human rights, including the right to life’.

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  • AUSTRALIA

    Accepting uncertainty

    • Tim Hutton
    • 21 October 2021
    6 Comments

    The pandemic has been a clear demonstration that science is a method, not an endpoint. It is an ongoing process of hypothesising, testing, and interpreting the results of those tests through public policy. Though the hypothesis may be accepted or rejected, these interpretations are unlikely to be absolutely definitive statements or recommendations and are usually made with varying degrees of certainty.

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  • ENVIRONMENT

    Your guide to the federal government’s climate spin — before it’s announced

    • Greg Foyster
    • 18 October 2021
    15 Comments

    In July this year the UN ranked Australia dead last out for climate action out of more than 170 countries surveyed. Yes, our federal government’s climate policies are literally the worst in the world. But while Australia is a global laggard in reducing pollution, we’re something of a leader in covering up this failure and getting away with it.

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  • ECONOMICS

    A strange financial circus

    • David James
    • 12 October 2021
    3 Comments

    Over the last two years, money printing has created the illusion of strength in savings. But when reality resurfaces, and actual returns are required from actual economic and business activity, the global financial system will come under extreme stress. 

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  • ECONOMICS

    The battle for the future of money

    • David James
    • 07 September 2021
    4 Comments

    There is a three-way battle looming over the future of money and the stakes could scarcely be higher. Conventional money, mainly debt created by banks — the ‘folding stuff’ is only a tiny proportion of the total — is in trouble. Total global debt is now so large relative to the world economy it cannot be serviced, which is why monetary authorities have resorted to dropping interest rates. When they almost hit zero, the next step was quantitative easing (QE): printing money by getting the central bank to buy back government and corporate bonds and putting them on its ‘balance sheet’. 

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  • ECONOMICS

    Why inflation isn't higher

    • David James
    • 12 August 2021
    4 Comments

    The biggest mystery of the financial markets is why, when the monetary authorities have been printing money with their ears pinned back, is inflation for the most part not a problem? What happens with inflation is crucial to the short-term survival of the whole system. Global debt, which is running at well over 300 per cent of global GDP, is only sustainable because interest rates are exceptionally low (the base rate in Australia is only 0.1 per cent). And interest rates are low because inflation is not a problem.

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  • ECONOMICS

    Homelessness is caused not by poverty but by wealth

    • John Falzon
    • 10 August 2021
    13 Comments

    When you put rising housing costs alongside stagnating wages, an alarming trend in normalising insecure work, persistent unemployment and underemployment, and statutory incomes that are going backwards in real terms, there’s good reason to be deeply worried about an increase in homelessness.

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  • ECONOMICS

    Why corporatism, not capitalism, is the root of social harm

    • David James
    • 06 July 2021
    16 Comments

    There really is no such thing as ‘capitalism’ — or rather there are so many capitalisms that the word is altogether too imprecise to be useful. A much better term to identify the problems, even evils, of modern developed economies is ‘corporatism’. This can be precisely identified and its transgressions and general harm are getting worse.

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  • ECONOMICS

    We need to rebuild our social foundations

    • John Falzon
    • 15 June 2021
    4 Comments

    Our economy is 1.1 per cent larger than a year ago. Yet, as the situation in Victoria reminded us, none of us are safe unless all of us are safe. And we cannot be safe while work remains increasingly insecure, while social security payments are inadequate and while our public infrastructure is found wanting.

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  • ARTS AND CULTURE

    How do you measure a human?

    • Barry Gittins
    • 11 May 2021
    28 Comments

    How do you measure a human? Can you determine their worth by vivisecting the actions of a potentate or a serf? Do we judge by what they’re consuming? Are we truly labelled from birth? Are we assessed by our factions? The absence or presence of mirth?

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