Carbon Economy

Australia’s politicians and media want us to believe that climate change is the biggest environmental threat.

According to the Climate Change Authority’s (CCA) annual progress report, Australia’s CO2 emissions fell by 3 million tonnes between 2023 and 2024, accounting for one-fifth of the 15 million tonnes required annually to meet the federal government’s target of 43% reduction in emissions from 2005 by 2030.

The chief lobby group for electric vehicles (EVs), the Electric Vehicle Council (EVC), has issued a media release triumphantly claiming that EVs broke the 100,000 sales barrier for the first time in 2024.

Australia’s emissions decreased by 3 million tonnes of CO2 over 2023–24, according to the Climate Change Authority’s (CCA) annual progress report, which was a fifth of the 15 million tonnes annually needed to meet the federal government’s target of emissions falling 43% on 2005 levels by 2030.

The Climate Change Authority’s (CCA) latest annual progress report has revealed that emissions fell by 3 million tonnes of CO2 over 2023–24, which is a fifth of the 15 million tonnes needed to be cut annually to hit the federal government’s target of emissions falling 43% on 2005 levels by 2030.

The ABC’s Gareth Hutchens published an article explaining the incompatibility between Australia’s growing population and reducing its carbon emissions.

The Climate Change Authority has warned that Australia must cut emissions by 75% by 2035 to limit global warming to 1.5 degrees.

Philip Oldfield, head of UNSW’s school of the built environment and a researcher in sustainable and low-carbon architecture, has penned an article in The Guardian warning that the federal government’s target of building 1.2 million homes over five years risks blowing Australia’s emissions targets.

Again, forgive my lack of charts.

Australia’s last major plastics maker, Qenos, is set to close by the end of the year after creditors approved its sale to property developer Logos.

You simply cannot have the universe’s largest property crash and keep growth running consistently. In April , the manufacturing purchasing managers index ( PMI ) was 50.4% , down 0.4 percentage points from the previous month.

The IEA released its annual CO2 data for 2023 last Friday.

In this week’s episode of The Treasury of Common Sense with Radio 2GB’s Mike Jeffreys, I explained why the Australian Greens’ advocacy for higher levels of immigration runs counter to the party’s faux concerns over the environment, ‘net zero’, and housing affordability.

A nice wrap from Bloomie summarizes the problems with the LNP energy policy and Small Modular Nuclear Reactors (SMRs).

Teal MPs in Sydney’s, Melbourne’s and Perth’s traditionally blue-ribbon seats are pushing for a much more ambitious 2030 emissions reduction target than the federal government’s legislated policy of 43%.

A debt deflation, as described originally by Stanley Fisher in 1933, refers to a situation in which the overall level of prices in an economy falls, leading to a decrease in the value of assets and an increase in the real burden of debt.

CBA Senior Economist and Senior Currency Strategist, Kristina Clifton, has published research estimating the amount of capital expenditures needed for Australia to transition to ‘net zero’ carbon emissions.

The Albanese government’s targets of a 43% reduction in carbon emissions by 2030 and ‘net zero’ by 2050 are already looking dead in the water.

The Albanese government’s target of a 43% reduction in carbon emissions by 2030 is partly based on expectations that electric vehicles would account for 89% of all new car sales by that date.

A report from the Green Building Council of Australia, reported in The AFR, shows that Australia had more than 10.9 million homes in mid-2022, and this is expected to increase by 40% by 2040.