The Latest Trending Economic News Curated for You by Balmoral Group Australia
The Balmoral Brief
Hello Dear Readers!
"Thousands have lived without love, not one without water." - W. H. Auden
Today marks a year since the UN 2023 Water Conference, highlighting the urgent need for global cooperation on water challenges and sustainable development.
BGA economics QLD team Edwin Chihava and Ben Wolfgramm are looking forward to connecting with our QLD water partners in stunning Hamilton Island next week! The program looks great with current topics streaming throughout the 2 days. We are looking forward to updates and benefits to flow to the industry!
In energy news, the ongoing debate on the global energy transition focuses on balancing investments in renewables and fossil fuels. Australia's renewable energy discussion centers on the potential of sodium-ion batteries for long-term storage, aiming for a fully renewable grid by 2027 and reducing reliance on gas-fired generators. Check our first article for more.
Our second article highlights the importance of green spaces in urban planning, connecting habitats, and benefiting both wildlife and human well-being. The third article discusses how local governments are leveraging SaaS to improve service delivery, reduce costs, and enhance efficiency, particularly in the face of economic challenges and inflation. Lastly, researchers are identifying potential new exotic species that may enter Australia, which already hosts about 3,000 alien species of animals, plants, fungi, and microbes.
Enjoy your read, drink lots of water and catch up with your next week as we bid farewell to July!
Edwin Chihava
Sodium-ion batteries are set to spark a renewable energy revolution – and Australia must be ready
The extent to which renewables should dominate Australia’s energy grids is a major issue in science and politics. Solar and wind are clearly now the cheapest form of electricity. But limits to these technologies can undermine the case for a renewables-only electricity mix. Read more here.
Stepping stones for wildlife: how linking up isolated habitats can help nature thrive in our cities
Imagine you’re a fairywren living in a patch of scrub behind a schoolyard in the suburbs. It’s been pretty nice so far, but a recent increase in neighbourhood cats and the council’s insect control tactics mean it’s time to look for somewhere safer to live. Read more here.
How local councils can do more with less
As inflation continues to bite and communities are feeling the cost-of-living pinch, councils are not immune from the economic challenges impacting decision making around maintaining assets, funding new projects, and extending budgets to go further with less. Read more here.
‘Alien invasion’: researchers identify which exotic animals may soon hitchhike into Australia
Australia is renowned for its native flora and fauna, but did you know the continent is also home to about 3,000 “alien” species of animals, plants, fungi and microbes? Read more here.
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