30 May 2016, The Guardian, Homeowners kept in dark about climate change risk to houses, says report. Climate Institute says risk data held by regulators, state and local governments, insurers and banks, but homebuyers and developers do not have access to it. The risk that houses in some areas of Australia are likely to become uninsurable, dilapidated and uninhabitable due to climate change is kept hidden from those building and buying property along Australia’s coasts and in bushfire zones, a Climate Institute report says. The report says there is untapped and unshared data held by regulators, state and local governments, insurers and banks on the level of risk, but that most homebuyers and developers are not told about the data and do not have access to it. The full scale of risk may only be recognised through disaster or damage, or when insurance premiums become unaffordable Climate Institute report. “Even when public authorities, financial institutions and other stakeholders possess information about current and future risk levels, they are sometimes unwilling, and sometimes unable, to share it with all affected parties,” the report released on Monday says. “Thus, foreseeable risks are allowed to perpetuate, and even to grow via new housing builds. The full scale of the risk may only be recognised either through disaster or damage, or when insurance premiums become unaffordable. Any of these events can in turn affect housing values.” The economic costs are high and could ultimately represent a real risk to the financial sector itself, the report says. While insurers, regulators and governments have started to recognise this risk, banks who approve the mortgages for at-risk properties have not yet begun working towards a solution. For example, the report says, banks could integrate the impact of climate into their risk assessment processes, work with other stakeholders in the public, private and civil society sectors to research and develop ways to minimise climate impact risk to housing, and address losses that will occur in an equitable way. Read More here
Category Archives: Australian Response
23 May 2016, The Conversation, Why has climate change disappeared from the Australian election radar? Two weeks into a protracted election campaign, it is looking ever-more likely that climate change is to be placed way down the order of business – at least for the major parties. The contest over climate change that characterised the previous three elections seems to have disappeared off the political radar despite the issue being more urgent than ever. Since the Paris climate summit, global average temperatures continue to break month-on-month records. Just a few weeks after the summit, the North Pole was briefly not even able to reach freezing point – in the middle of winter. And just this month, Cape Grim surpassed a 400 ppm baseline minimum. Then there is the truly frightening climate spiral developed by Ed Hawkins from the University of Reading. It shows what an El Niño amplified global temperature has climbed to. The spiral assumes a tight-knit but ever-expanding ball until April 2015, when the spiral line starts to separate dramatically from the ball. This year it careers dangerously close to the 1.5℃ threshold. Climate spiral. Ed Hawkins. The diminishing political and media spiral on climate. While global temperatures may be spiralling out of control, the opposite appears to be happening with the climate issue attention cycle in Australia.Apparently, climate is less important than jobs and growth – or, in Labor’s case, health and schools. A big part of this change in political climates is undoubtedly the Paris summit itself. The political triumphalism of the summit belies the scientific pessimism of so many climate scientists and activists. Kevin Anderson from Manchester University’s Tyndall Centre for Climate Change Research even declared the summit to be “worse that Copenhagen”, in that it is based on out-of-date science, does not include aviation and shipping, and includes negative emissions in its scenarios for achieving abatement. On the other hand, after the collapse of talks at Copenhagen, some activists see no choice but to climb aboard with the Paris agreement, insofar as it at least signifies a mainstream seachange in action – even if the actual measures are inadequate. The INDCs that came out of the conference still put the world on a path to 3.5℃. Read More here
18 May 2016, The Conversation, Are toxic algal blooms the new normal for Australia’s major rivers? For much of this year, up to 1,700 kilometres of the Murray River has been hit by a serious outbreak of potentially toxic blue-green algae, which has flourished in the hotter-than-average conditions. After three months, the river is now recovering with the arrival of wet weather. But we are unlikely to have seen the last of these poisonous microbes. Large blue-green algal blooms are a relatively new phenomenon in inland waterways. In 1991 an algal bloom affected more than 1,000 km of the Darling River, the first time such an event had been reported in an Australian river, and one of the few times internationally. It was an environmental disaster, killing livestock and striking a telling blow against Australia’s reputation as a clean, green farming nation. The response was decisive: a state of emergency was declared, and the bloom ultimately gave rise to significant investment by state and federal governments into freshwater research, particularly in the Murray-Darling Basin. Why no emergency now? Fast forward two and a half decades to the latest bloom afflicting the Murray River, one of Australia’s most socially, economically and culturally significant waterways. The past decade has seen four similar blooms on the Murray River: in 2007, 2009, 2010 and now. Yes, they have garnered press attention, but there has not been the same call to arms that we saw when the Darling River was struck in 1991. It is almost as if such significant environmental events are now simply seen as the new normal. Why the apparent complacency? The 2007, 2009 and 2010 algal blooms on the Murray River all happened during the Millennium Drought, and hence were probably ascribed to an aberration in the weather. In reality, the situation may have more to do with how we manage water in Australia – particularly during periods of scarcity, such as the one we may well be entering now. Read More here
6 May 2016, The Guardian, Greg Hunt: no definite link between coal from Adani mine and climate change. The federal environment minister has argued in court that coal from Australia’s largest coalmine would have no “substantial” impact on climate change and as a result he did not need to consider whether it would affect the Great Barrier Reef. The Australian Conservation Foundation challenged Greg Hunt’s approval ofAdani’s Carmichael mine, alleging he failed to consider the impacts the burning of the coal from the mine would have on climate change and hence on the Great Barrier Reef. Scientists have found the current mass bleaching event affecting 93% of the reefwas made 175 times more likely by climate change and would become a biennial event within 20 years. After that point, the continued existence of the reef would be in doubt. In federal court documents obtained by Guardian Australia, Hunt denied he failed to consider the impacts of coal on the reef. In the outline of submissions filed on behalf of the minister, the Australian government solicitor explains that the minister did not think the burning of the coal “would be a substantial cause of climate change effects” and would have “no impact on matters of national environmental significance”. Read More here