The Economic Perspective 24 April 2025

The Latest Trending Economic News Curated for You by Balmoral Group Australia

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Hello, and happy Thursday!

It's been a busy work week, but here at BGA, we hope you've enjoyed the past long weekend and have some rest to look forward to.

This week's EP is all about our climate: we cover innovations in climate monitoring, how waterfalls beneath the Southern Ocean can help with the regulation of the climate, and the impacts of renewable battery projects and extreme weather events in Australia. You can find out more by checking out this week's articles.

Have a great long weekend!

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TIBM, ESA Launch TerraMind, New AI Model for Earth and Climate Monitoring 

IBM and the European Space Agency (ESA) have open-sourced TerraMind, the most advanced generative AI foundation model for Earth observation, now available on Hugging Face. Trained on TerraMesh—the largest geospatial dataset ever compiled—TerraMind sets a new standard in performance and efficiency for satellite-based analytics. Read more here.

Tiny dips in sea level reveal flow of climate-regulating underwater waterfalls 

Beneath the surface of the Southern Ocean, vast volumes of cold, dense water plunge off the Antarctic continental shelf, cascading down underwater cliffs to the ocean floor thousands of metres below. Read more here

Millions invested in big batteries amid net zero transition

A surge in investment in large batteries is helping to safeguard Australia's energy future but experts say the trend could be threatened by a change in policy. Hundreds of millions of dollars are being committed to dozens of battery projects aimed at capturing renewable energy that can be used during off-peak periods when wind and solar power is not being generated.... Read more here

At our front door: Escalating climate risks for Aussies homes 

Climate change already threatens many people’s greatest asset, their home. This report identifies the suburbs and electorates across Australia where households and businesses face the most acute risk from climate-fuelled extreme weather events in 2025, and reveals the types of hazard that are driving this escalating risk. Read more here

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