Hello dear readers! Happy Friday!
This week was national threatened species day which recognises the risk of extinction to threatened species. The week's first article highlights that biochar stores water and carbon which boosts drought resilience which is useful as Australia's climate is expected to become drier. In the second article, a new report maps out Australia's pathway to net zero by 2050. A large national effort in reducing emissions is required to achieve this goal. The third article talks about the pathway towards renewable energy based on Europe's experience including major roadblocks such as transmission infrastructure and energy storage. Finally, protections towards species need to focus on preserving indigenous relationships to Country and recognising culturally significant species. Take a look at this week's video where 20 additional species of plants and animals have been listed as endangered. Hope you enjoy this week’s EP and have a lovely weekend.
Tim Hanigan
Economist Australia
The Latest Trending Economic News Curated for You by Balmoral Group Australia
Biochar doesn’t just store carbon – it stores water and boosts farmers’ drought resilience
As the climate changes, large parts of southern Australia are projected to get drier. Extreme rains are also becoming more common. Read more here.
Can we really reach net zero by 2050? A new report maps out Australia’s path in more detail than ever before
A zero-carbon mindset must “become the new normal” in Australia, according to a much-anticipated report from the federal government’s independent climate advisory body. Read more.
If Australia wants to fast-track 100% renewables, it must learn from Europe’s risky path
Even after decades encouraging the growth of renewables, we’re still too reliant on coal and gas power stations. Read more.
Bunyip birds and brolgas: how can we better protect species important to Indigenous people?
Kamilaroi Country lies in far northwest New South Wales, past Tamworth and crossing over the Queensland border. Here, the bunyip bird (Australasian bittern, Botaurus poiciloptilus), and the brolga (Grus rubicunda or burraalga in Kamilaroi) have been part of life, lore, spirit, dance and culture with Country for thousands of generations. Read more.
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