Antinuclear

Australia will lose more than $3 trillion and 880,000 jobs over 50 years if climate change is not addressed, Deloitte says, ABC News, By Kathleen Calderwood– 1 Nov 20 The Australian economy will lose more than $3 trillion over the next 50 years if climate change is not addressed, according to a new report from Deloitte Access Economics.Key points:

• Report author Pradeep Philip warned that Queensland in 50 years could represent half of Australia’s job losses, “if we don’t get this right”
• Trade, tourism and mining are some of the industries most exposed to the effects of climate change
• The Federal Government has promised to deliver net zero emissions in the second half of this century

The report found the economy could shrink by 6 per cent over the next 50 years and 880,000 jobs could be lost.

Report author Pradeep Philip, who was a policy director for former prime minister Kevin Rudd, said there was also a lot to be gained if warming was kept below 1.5 degrees and Australia achieved net zero carbon emissions by 2050.

“If we do act over the next few years then in just 50 years there is a benefit to the economy of $680 billion,” he said.

“We’ll have an economy 2.6 per cent bigger, generating 250,000 jobs, so this tells us if you are pro-growth and pro-jobs then we need to act on climate change now…….

Businesses ‘moving despite Government inaction’

Sheep grazier and chair of Farmers for Climate Action, Charlie Prell, says the pressure is already being felt in his industry, but opportunities are available to help agriculture businesses get by if climate change is addressed………. https://www.abc.net.au/news/2020-11-02/australian-economy-lose-$3-trillion-climate-change-inaction/12837244