Australian (ASX) Stock Market Forum

Investment implications of Climate Change

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basilio said:
Crisis Capitalism
Click to expand...

Now that's a term I like.

I don't mean I like what it is and so on but it's two words which sum up something that could otherwise lead to a half our speech trying to explain it.

Crisis Capitalism - yes, that sums up that approach and in just two words. :xyxthumbs

I might have to borrow that term more widely....... :D
 
Smurf1976 said:
Now that's a term I like.

I don't mean I like what it is and so on but it's two words which sum up something that could otherwise lead to a half our speech trying to explain it.

Crisis Capitalism - yes, that sums up that approach and in just two words. :xyxthumbs

I might have to borrow that term more widely....... :D
Click to expand...


Looking for more info on Crisis Capitalism ? Check out this analysis.

Naomi Klein: how power profits from disaster
Stranded people make their way along Canal Street in New Orleans on 30 Aug 2005 as Hurricane Katrina struck Photograph: Gary Coronado/AP
After a crisis, private contractors move in and suck up funding for work done badly, if at all – then those billions get cut from government budgets. Like Grenfell Tower, Hurricane Katrina revealed a disdain for the poor. By Naomi Klein

Thu 6 Jul 2017 01.00 EDT Last modified on Tue 13 Mar 2018 14.00 EDT

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There have been times in my reporting from disaster zones when I have had the unsettling feeling that I was seeing not just a crisis in the here and now, but getting a glimpse of the future – a preview of where the road we are all on is headed, unless we somehow grab the wheel and swerve. When I listen to Donald Trump speak, with his obvious relish in creating an atmosphere of chaos and destabilisation, I often think: I’ve seen this before, in those strange moments when portals seemed to open up into our collective future.

https://www.theguardian.com/us-news/2017/jul/06/naomi-klein-how-power-profits-from-disaster
 
And further to the "new foods" aspect: https://www.businessinsider.com.au/...ternative-to-the-original-beef-burger-2019-10

I'm a meat-eater and I'm afraid I roll my eyes at a lot of the "animal rights" propaganda, but I think this is a great development. Animal production is such a water intensive business (per kilo/kilojoule consumed, meat is many times more water intensive than any plant-based food)

What I don't really understand is the way our rural politicians are against this sort of innovation - trying to get plant-based products banned from using terms such as "meat" and "milk". I would have thought they'd be happy to see expanding markets for any agricultural sector. But then there's a lot I don't understand about our rural politicians.
 
Jack Aubrey said:
And further to the "new foods" aspect: https://www.businessinsider.com.au/...ternative-to-the-original-beef-burger-2019-10

I'm a meat-eater and I'm afraid I roll my eyes at a lot of the "animal rights" propaganda, but I think this is a great development. Animal production is such a water intensive business (per kilo/kilojoule consumed, meat is many times more water intensive than any plant-based food)

What I don't really understand is the way our rural politicians are against this sort of innovation - trying to get plant-based products banned from using terms such as "meat" and "milk". I would have thought they'd be happy to see expanding markets for any agricultural sector. But then there's a lot I don't understand about our rural politicians.
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To try to add a bit of fairness to the debate, to get a kg of lamb grown in semi arid Australia or beef raised in the NT, do you really think it takes more water than growing a crop field, and do you really want to try to plough NT for cropping with desert dunes within 2 decades?
The big advantage Australian farmers have is extensive agriculture: big wide open space where your herds can roam freely and kind of self manage themselves compensating our high labour cost
If you move to that sort of product, we will export corn or wheat to China's factories which will return most probably tainted products cashing the added value.
Economically for Australia, this is similar to shooting oneself in the foot
But with our history, will most probably happen
And think about the real sustainability effect, away from the biased data of cattle fed on cereals in feedlots or farting cows as used in all decent propaganda...
 
I think we should split this thread into 2 branches
One is" investment implication of climate change"
That is more with remediation work, risk for insurances,etc
And is world wide
And a second branch which is investment implication of co2 emissions attempts:
West economies only, moving further the imbalance of power toward china, fly shame and similar Greta effect like traffic jams in city, most probably soon exo terrorism

A difference as a business might close its door but reopen in India as a result of #2 whereas #1 are more long term and global
#2 is more a fad trend which will disappear with our western economies in 3 decades..
Remember where china was 30y ago, if you invest for long term aka retirement, this needs to be taken into account..try to sell fake meat to China;)
 
This story highlights the potential upside and downside of companies dealing with the implications global warming. Note the big stick at the end of the story.

Firms ignoring climate crisis will go bankrupt, says Mark Carney
Bank of England governor warns of financial collapse linked to climate emergency

Damian Carrington Environment editor

@dpcarrington
Sun 13 Oct 2019 07.00 EDT Last modified on Sun 13 Oct 2019 07.02 EDT

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Mark Carney, the Bank of England governor, has led efforts to address the dangers global heating poses to the financial sector. Photograph: Leon Neal/Getty Images
Companies and industries that are not moving towards zero-carbon emissions will be punished by investors and go bankrupt, the governor of the Bank of England has warned.

Mark Carney also told the Guardian it was possible that the global transition needed to tackle the climate crisis could result in an abrupt financial collapse. He said the longer action to reverse emissions was delayed, the more the risk of collapse would grow.

...On Tuesday, Carney told big corporations they had two years to agree rules for reporting climate risks before global regulators devised their own and made them compulsory.
https://www.theguardian.com/environ...is-bankrupt-mark-carney-bank-england-governor
 
Our RB Deputy-Governor was actually refused permission to speak about CC at the recent meeting of C'wealth and State Treasurers.

On the subject of adaptation impacts, I found this:

Last year, the Australian Competition and Consumer Commission (ACCC) found that “between 2007–08 and 2016–17, average home and contents premiums … have increased by between 23% and 67% in northern Australia, and by 16% in the rest of Australia”, and that “in 2016-17, the average annual home and contents premium in northern Australia was $2000, which is about double the average for the rest of Australia”.

The worst affected places are “concentrated along the coast of north Queensland, far-north Queensland, the Pilbara, Darwin and central Australia”.​

Apparently, the politicians from the affected areas are now lobbying for the C'wealth Government to subsidise insurance premiums for people in N. Australia. I guess this is how we do things now. This and more dams to hold all that water that will be immediately bought up by the government's mates.
 
Jack Aubrey said:
Our RB Deputy-Governor was actually refused permission to speak about CC at the recent meeting of C'wealth and State Treasurers.

On the subject of adaptation impacts, I found this:

Last year, the Australian Competition and Consumer Commission (ACCC) found that “between 2007–08 and 2016–17, average home and contents premiums … have increased by between 23% and 67% in northern Australia, and by 16% in the rest of Australia”, and that “in 2016-17, the average annual home and contents premium in northern Australia was $2000, which is about double the average for the rest of Australia”.

The worst affected places are “concentrated along the coast of north Queensland, far-north Queensland, the Pilbara, Darwin and central Australia”.​

Apparently, the politicians from the affected areas are now lobbying for the C'wealth Government to subsidise insurance premiums for people in N. Australia. I guess this is how we do things now. This and more dams to hold all that water that will be immediately bought up by the government's mates.
Click to expand...

In Central West NSW my insurance premiums have gone from around $800 to $1600 in about 10 years.

Not in a flood area, unlikely to have bushfires as I live on cleared land. Is all very weird.
 
Jack Aubrey said:
Our RB Deputy-Governor was actually refused permission to speak about CC at the recent meeting of C'wealth and State Treasurers.

On the subject of adaptation impacts, I found this:

Last year, the Australian Competition and Consumer Commission (ACCC) found that “between 2007–08 and 2016–17, average home and contents premiums … have increased by between 23% and 67% in northern Australia, and by 16% in the rest of Australia”, and that “in 2016-17, the average annual home and contents premium in northern Australia was $2000, which is about double the average for the rest of Australia”.

The worst affected places are “concentrated along the coast of north Queensland, far-north Queensland, the Pilbara, Darwin and central Australia”.​

Apparently, the politicians from the affected areas are now lobbying for the C'wealth Government to subsidise insurance premiums for people in N. Australia. I guess this is how we do things now. This and more dams to hold all that water that will be immediately bought up by the government's mates.
Click to expand...
Could it be linked by any chance to the non PC break in issues there more than weather
Or just the fact that insurances are getting better with it to assess risks and not do one fit for all policy, plus getting more money overall
So far, gw has had no effect on Northern Australia insurance policies.cyclones are not new, but having more and more people living under these climate has an effect
Wait till we have a cyclone on the GC, there was one in the late 1800 but i have the feeling GW will be blamed when this happens, we are statistically due for one
The insurance policies for the canal estates will go up the roof and every Australian will pay a levy..
Just wait and see
 
You do not need to believe in a religion to profit from it
It would be silly not to leverage any trend be it vegan, wind power, etc
Even in the bible, the temple was a busy marketplace
Follow the lemmings, better be in front
We should all know that especially in a stock forum so the interest of this specific thread
If some suckers want to buy a decarb home machine and i can build one, i am happy to sell one
Actually, pm me if you are interested in such a project.
 
1. I do love a good Data Visualisation.

https://www.abc.net.au/news/2019-10...ng-insurance-costs-from-climate-risk/11624108

Investment Implications? - I'm not buying property ATM but I'd probably avoid the "red zones". There could, of course, be some bargains around once this risk is fully factored into price.

2. Apparently, Barnaby Joyce has been saying that farmers on marginal land should consider getting out of the game. I always find it difficult when I agree with anything he says, but I do in this instance. In some areas, farms have been in official drought for 11 of the past 19 years. When you consider the time needed to recover, especially if you have sold off your breeders, that doesn't leave a lot of seasons to make any profit at all.
 
Off topic, and some history -

The pope, the president and the prime minister.

Ronald Reagan and Pope John Paul II were both shot at that time.
Margaret Thatcher was also a part of the three.
 
Jack Aubrey said:
1. I do love a good Data Visualisation.

https://www.abc.net.au/news/2019-10...ng-insurance-costs-from-climate-risk/11624108

Investment Implications? - I'm not buying property ATM but I'd probably avoid the "red zones". There could, of course, be some bargains around once this risk is fully factored into price.

2. Apparently, Barnaby Joyce has been saying that farmers on marginal land should consider getting out of the game. I always find it difficult when I agree with anything he says, but I do in this instance. In some areas, farms have been in official drought for 11 of the past 19 years. When you consider the time needed to recover, especially if you have sold off your breeders, that doesn't leave a lot of seasons to make any profit at all.
Click to expand...

I reckon the government should buy back some of these unviable farms and return them to the natural environment.

Plant trees and native grasses when conditions are right and let nature take it's course.

They could rightly claim climate change mitigation and make us look good in the eyes of the world. :)
 
SirRumpole said:
I reckon the government should buy back some of these unviable farms and return them to the natural environment.

Plant trees and native grasses when conditions are right and let nature take it's course.

They could rightly claim climate change mitigation and make us look good in the eyes of the world. :)
Click to expand...

Absolutely - even pay farm families to stay and manage the regeneration through a couple of drought cycles (ie. control the inevitable weeds, ferals and erosion as the land recovers and do some active regeneration of native grasslands and trees). It would make good use of their skills and equipment. Some moderate grazing during good years could even be used to help regeneration and provide additional income. I'd vote for that!
 

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