Saturday 27th of April 2024
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salvaging the financial markets before saving the planet...

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Josh Frydenberg has acknowledged that managing carbon risk is now a major preoccupation in global capital markets as the Morrison government mulls what commitments it will take to the Cop26 in Glasgow later this year.

 

 

While Nationals have incorrectly characterised managing carbon risk as virtue signalling on multiple occasions, the treasurer told Guardian Australia’s politics podcast that climate change, and the assessment of carbon risk, was now “influencing global capital markets in a significant way”. He acknowledged it was a “factor behind financial stability”.

 

“We are going to see more and more climate-related disclosure and regulatory agencies are across that, both here and overseas,” Frydenberg said. The treasurer acknowledged with the world moving to constrain carbon emissions in line with the Paris agreement goals, there were now “material risks” to Australian businesses.

 

He said he had spoken recently with Mark Carney, the former governor of the Bank of England, about international developments. “He’s been very engaged in this and it was a very interesting discussion.

“I talk to the central bank governor, Phil Lowe, and he says this is a major topic at central bank governors’ meetings – so yes [climate change] is influencing in a significant way global capital,” he said.

Frydenberg said he had been clear on budget night back in May that he wanted Australia to reach net zero emissions by 2050, or sooner. “I take this issue very seriously,” he said.

“I’ve been very consistent that climate change is real and man is contributing to it and we need to take relevant actions to reduce our emissions.”

 

Asked whether the Morrison government intended to make a firm commitment to reaching net zero at the Cop26 in Glasgow, rather than articulating non-specific aspirations, Frydenberg said the deliberations were ongoing.

“We are having lots of internal conversations – I can’t say any more than that,” the treasurer said.

“We are having lots of internal conversations about this issue and there are lots of angles to it. Global capital is one, another is what this means for our export industries and jobs, what does it mean for the electricity market and affordability, what does it mean for our general manufacturing approach.”

 

Read more:

https://www.theguardian.com/australia-news/2021/aug/28/josh-frydenberg-admits-climate-change-a-major-preoccupation-in-global-markets

 

FREE JULIAN ASSANGE NOW !!!!!!!!!!!!!!!!!!!!!

"our way"...

 

Scott Morrison has drawn a line in the sand for Australia ahead of an international conference focused on climate change and security.

The prime minister addressed mining executives ahead of the G7 summit in Cornwall.

"I sort of call this the Frank Sinatra approach - we're going to do it our way in Australia," he said in Canberra on Wednesday night.

 

"And if we can do it in the Pilbara, if we can do it there, we can do it anywhere."

All members of the G7 forum are committed to reaching net zero carbon emissions by 2050, driven by deep emission reductions this decade.

Australia, which will observe the conference from the sidelines, has not committed to the carbon target.

"I want Australia to show the world how resource manufacturing and heavy industries can work in a low emissions and indeed a net-zero economy when it comes to emissions," Mr Morrison said.

The prime minister has been invited to the G7-plus summit next week alongside leaders from South Korea, India and South Africa.

He will also have his first face-to-face meeting with United States President Joe Biden as the world's biggest economy ramps up action to combat climate change.

As a first step, the G7 countries will end all new finance for coal power by the end of 2021, matched by increased support for clean energy alternatives such as wind and solar.

 

Read more: https://thewest.com.au/business/energy/well-do-climate-our-way-pm-tells-miners-c-3002547

 

Whatever "it" is supposed to be, we shall never know...

 

And now, the end is near


And so I face the final curtain


My friend, I'll make it clear


I'll state my case, of which I am certain

 

 

 

 

I've lived a life that's full


I've traveled each and every highway


And more, much more


I did it, I did it my way

 

 

 

 

Regrets, I've had a few


But then again, too few to mention


I did what I had to do


And saw it through without exemption

 

 

 

 

I planned each charted course


Each careful step along the byway


And more, much, much more


I did it, I did it my way

 

 

 

 

Yes, there were times, I'm sure you knew


When I bit off more than I could chew


And through it all, whenever there was doubt


I ate it up and spit it out


I faced it all and stood tall


And did it, did it my way

 

 

 

 

I've loved, I've laughed and cried


I've had my fill; my share of losing


And now, as tears subside


I find that it's all so amusing

 

 

 

 

And to think I did all that


And may I say - not in a shy way


"Oh no, oh no, not me


I did it my way"

 

 

 

For what is a man, what has he got?


If not himself, then he has naught


Naught to say the things that he truly feels


And not the words of someone who kneels


That record shows I took all the blows


And did it my way!

 

 

 

Geez, and Gus did not have to spoof one word of the lyrics!!!

 

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