Crisis Capitalism
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.
I might have to borrow that term more widely.......
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?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.
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.
Could it be linked by any chance to the non PC break in issues there more than weatherOur 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.
You do not need to believe in a religion to profit from it
Goldman sachs has a few old members making profits. Thats not always for the right reasons.It looks like those leftist radicals at Goldman Sachs have been drinking the same cool aid as Greta and Extinction Rebellion.
https://www.goldmansachs.com/insights/pages/gs-research/taking-the-heat/report.pdf
(Some interesting investment approaches here)
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.
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.
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