Carbon Economy


Cop-out 26 as Morrison poisons people, nation and planet

COP-out 26 has held onto coal: …the agreement established a clear consensus that all nations need to do much more, immediately, to prevent a catastrophic rise in global temperatures. It outlined specific steps the world should take, from slashing global carbon dioxide emissions nearly in half by 2030 to curbing methane, another potent greenhouse gas.


How mass immigration makes our cities hotter

For years, the development industry and urban planners have called for Australia’s supposedly underutilised middle-ring suburbs to be bulldozed for apartments and townhouses in order to house the many millions of extra migrants projected to inundate our cities over coming decades: This transformation into a dense urban form is to be most stark in Sydney,


Australia passes 3 million rooftop solar installations

The number of rooftop solar systems installed by Australian households and businesses has now passed the three million mark, according to SunWiz. Queensland has installed the most rooftop solar systems, followed by NSW and Victoria. The current capacity of installed rooftop solar systems is equivalent to five Eraring power stations, with Eraring being the biggest


Five reasons China is going to crash in 2022

There are five reasons why the Chinese economy is going to crash over 2022. China Crash 2022 point one: developer credit crunch China’s “three red lines” policy aimed at deleveraging property developers has frozen the dollar-bond funding market and it continues to get colder. Goldman: Concerns regarding the China property sector continued to mount, as


Redeveloping old homes won’t cut Australia’s emissions

A new report has called for the large-scale redevelopment of more than eight million ageing Australian homes in order to reduce their energy footprint and carbon emissions: Nicholas Proud, the chief executive of PowerHousing Australia… [said] “the ageing housing stock will cruel any targets until sustainable technology takes over from coal”, which was decades away…


Grattan: Act now to meet “net zero by 2050”

The Grattan Institute has released a new report, entitled “Towards net zero: A practical plan for Australia’s governments”, which calls on Australia to act now to lift its rate of carbon emissions reduction, or it has little chance of reaching net zero by 2050. Below is the reports Summary and Recommendations, alongside some key charts:


Grattan demands tougher climate action

The Grattan Institute has released a blog post calling on the federal government to commit to stronger climate action in a bid to meet its “zero 2050” commitments: On Tuesday, the Federal Government announced its Plan for achieving net zero by 2050. But there are two key problems with the plan. The first: it contains


Australia rejects global farting agreement

Fresh from farting its zero-carbon mitigation unpolicy, the Morrison Government today confirms that flatulence will be protected in the national interest: Australia is rejecting a push by the U.S. and the European Union to join a global pact to cut methane emissions, expected to be announced at the crucial COP26 summit in Glasgow which starts


Sly ScoMo delivers net-zero

Does PM Morrison not see that we can see? Or are his instincts for today’s tribal politics spot on and he knows all that he needs is a fig leaf for followers to hide behind? The Crikey wrap is succinct: Prime Minister Scott Morrison’s long-awaited climate plan, called “The Australian Way”, has no detail and no modelling


How will Australia meet “net zero” with 50% more people?

With the fierce debate around Australia meeting its “net zero” emissions obligations by 2050, it is worth asking how this target could realistically be achieved with the nation projected in the latest Intergenerational Report (IGR) to add 13.1 million people (a 50% increase) over the next 40 years on the back of extreme immigration levels


Sly ScoMo’s net zero pantomime ends in net zero

The planet is saved. Hooray: Scott Morrison will attend next week’s climate change summit in Glasgow with a commitment to achieve net zero emissions by 2050 after the Nationals agreed to a deal they said would enable them to cushion regional and rural Australia against the effects of the economic transition. Before he leaves on


Ghost cities crash as China declares end to pointless building

Iron ore and coal crashed yesterday afternoon on the news that Chinese policymakers have no intention of ending their campaign to crush excess property development: China’s banking regulator vowed to keep its curbs on the nation’s property market, dismissing concerns that the crisis enveloping China Evergrande Group will have any major impact on the credit profile of


Chinese inflation to crash in due course

Chinese inflation was out yesterday and it is a laugh a minute. The CPI is cratered at 0.7% as food prices sag: However, that is not where the action is. It’s producer inflation that delivers the laughs, at 10.7%: And have a look at what is running: Basically, the further upstream in the supply chain


Chinese property funding market freezes solid

The news on Chinese property developers remains terrible and getting worse. Evergrande is so yesterday: Was it all just a pleasant dream? Investors in Chinese property developer Fantasia’s dollar debt who a year ago were feasting on juicy, but still single-digit yields, now find themselves without their principal. Many others could find themselves in a


How to cut farming emissions by 50%

The Grattan Institute has released a new report explaining how the agriculture sector – which was responsible for 15% of Australia’s greenhouse gas emissions in 2019 – can cut emissions by 50% to help meet any net-zero target. Below is the Overview combined with key charts: Governments around the world are moving to ‘net zero’,


China PMIs tank into recession

China is slowing fast. It’s some combination of lockdowns and structural reform. The manufacturing PMI just expanded: But new orders contracted at home and abroad: The services PMI cratered on lockdowns: Again, new orders were hammered: Construction was still booming at 60 but new orders were flat for a second month. The steel PMI is


China’s old economy is headed for a hard landing

Even by China’s capital misallocation standards, this one is a doozy. In April, Evergrande’s EV division was worth $120bn. Today it is worth $10bn: Everything Evergrande is being annihilated as it moves to sell (that is, liquidate) assets to meet the Three Red Lines policy. This is going to weigh on property starts as a


Grattan: Reduce industrial emissions now to reach net zero in 2050

The Grattan Institute has released a new report calling on Australian governments to act now to curb industrial emissions if they want to achieve net zero by 2050. Below is the Overview combined with key graphics: Governments around the world are moving to ‘net zero’, to limit the impacts of climate change. All Australian state


Evergande plunges towards endgame

Sinocism with the note: The PBoC an CBIRC sent a huge signal today by calling in Evergrande executives for a chat and then issuing a statement on the meeting. 人民银行、银保监会约谈恒大集团 On August 19, 2021, responsible comrades of relevant departments of the People’s Bank of China and China Banking and Insurance Regulatory Commission interviewed senior executives


Chinese authorities double down on deflation

Markets are slowly coming around to the MB view that no rescue is imminent in China. There are no signals for it. On the contrary: At Tuesday’s meeting of the Communist Party’s Central Committee for Financial and Economic Affairs, the government detailed new strategies to target the upper echelons. Officials vowed to “strengthen the regulation


IPCC: Climate doom at hand

From the IPCC: A. The Current State of the Climate A.1 It is unequivocal that human influence has warmed the atmosphere, ocean and land. Widespread and rapid changes in the atmosphere, ocean, cryosphere and biosphere have occurred. A.2 The scale of recent changes across the climate system as a whole and the present state of


War in Taiwan not coming…yet

TS Lombard with the note. I agree with this. But the risks rise as the Chinese economy goes ex-growth and CCP legitimacy slides: China’s growing military assertiveness towards Taiwan over the past 18 months has deepened concerns that it is preparing to invade. But the increasingly vocal minority who argue that rising tensions along the