Climate Change

Created
Fri, 12/11/2021 - 16:45

The government’s decision to target net-zero emissions by 2050 will leave each Australian nearly A$2,000 better off by then compared to no Australian action.

That’s what we were told in a six-point summary of the government’s economic modelling released at a press conference on Thursday October 26, days before the prime minister left for the Glasgow climate talks.

Created
Thu, 11/11/2021 - 06:00
Lekha Chakraborty (Professor, NIPFP, and Member of Governing Board, International Institute of Public Finance, Munich) Climate change is about risks and uncertainty. How well the monetary policy stance can incorporate such risks and uncertainties is questioned by many economists. There is a broad consensus among economists that fiscal policy is capable of dealing with the […]
Created
Thu, 09/06/2022 - 03:36

As I struggle with some newly discovered health problems, my attention tends to drift to different things. These are two.

The Missing Average and the two Australias.

This is a recent temperature anomaly map produced by the Australian Bureau of Meteorology, reproduced today by the ABC, with Kate Doyle’s customarily excellent comments:
Created
Mon, 25/07/2022 - 19:46



In 2007 the Australian Labor Party, under Kevin Rudd, inflicted a painful defeat on the COALition. From 60 MPs the ALP had before the federal election, their Lower House representation swelled to 83 (more than enough to pass legislation). And 22 of those new MPs were replacing defeated COALition MPs, whose House contingent was reduced to 65.

To make things worse for the COALition, even John Howard, until then PM, lost his safe seat of Bennelong and “moderate” Malcolm Turnbull, who soon was chosen federal Opposition Leader, was facing an extreme Right insurgency, led by Tony Abbott and Nick Minchin.

In the Senate, things were only slightly less favourable for Rudd, the new Labor PM:
Created
Tue, 13/09/2022 - 04:01

What you see in green in the left-most image below was Pakistan’s Lake Manchar (June 25th): the largest freshwater reservoir in that country. After catastrophic monsoon rains and with increased meltwater inflow from the Himalayas, the swollen lake has suffered breaches (accidental and deliberate), resulting in the two images to the right (August 28th and September 5th).