Moody’s: “Water stress” Sydney’s biggest threat

Advertisement

With Sydney’s water storages shrinking at a rate that is 50% faster than the Millennium Drought, and with storages at just 42.1%:

Moody’s has warned that “water stress” will be the biggest threat facing Sydney by 2030:

The ratings agency Moody’s is warning that NSW faces significant pressures on its budget as it grapples with climate change and increasingly severe droughts and bushfires.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.