Showing posts with label CORVID-19. Show all posts
Showing posts with label CORVID-19. Show all posts

Friday, 24 April 2020

The Covid-19 crisis creates a chance to reset economies on a sustainable footing : The Guardian

New Zealand climate minister says governments must not just return to the way things were, and instead plot a new course to ease climate change

James Shaw, New Zealand’s climate change minister, has asked the country’s independent climate change commission to check whether its emissions targets under the Paris agreement are enough to limit global heating to 1.5C. He explains why he’s prioritising the issue during a strict national lockdown to stop the spread of Covid-19, which could send New Zealand’s unemployment rate soaring.

To say that we find ourselves in an unprecedented moment is so obvious and has been so often repeated it’s almost become white noise. What is less obvious, however, is where we go from here.

In any significant crisis, let alone one as catastrophic as the Covid-19 pandemic, it is an entirely understandable human reflex to want things to “return to normal”, to “go back to the way they were before”.

And, when faced with economic headwinds – in recent decades, the Asian financial crisis, the global financial crisis and, in our own case, the Christchurch earthquakes) successive governments the world over have directed their efforts to meeting public expectation and getting back to business as usual.

Unfortunately, one of the features of business as usual was a highly polluting and ecologically unsustainable economy on a pathway that was locking in catastrophic climate change.

Successive responses to economic crises have seen climate change and the natural environment we depend on for life on Earth as a nice-to-have, something to think about once we’ve got the economy back on track and there’s a bit more money to go round.

Read the complete The Guardian article

Saturday, 28 March 2020

Cure for coronavirus-hit economy could be in renewables: Garnaut: Brisbane Times

"As Australia scrambles to avoid its first recession in three decades, economist Ross Garnaut says it is "exactly the right time" for government to throw cash into renewable energy infrastructure.

The global outbreak of COVID-19 has already taken a bite out of tourism, education and export industries, with the federal government working on a stimulus package to stave off a recession.
Professor Ross Garnaut says government should be investing in renewable energy.
Professor Ross Garnaut says government should be investing in renewable energy. Credit:Louie Douvis

Professor Garnaut said the country could not avoid sliding into a recession, but governments could "shape the way we come out of it".

"Even if there was no disruption in Australia from the virus, what has already happened to the economies of our major trading partners is deeply damaging to the Australian economy," he said, speaking at a CEDA lunch in Brisbane on Wednesday.
"The pure economics say right now is exactly the right time for major investment in the industries and infrastructure of the future."

"The high cost of transporting renewable energy overseas made Australia the perfect candidate to process its own iron, aluminium and other raw minerals, he said.

"Play it right and Australia has exceptional opportunities for new areas of prosperity and economic expansion in the zero-emissions world economy," he said."


Read the original Brisbane Times article