Hello dear readers and happy Friday.
This week, Balmoral Group Australia's General Manager, Shima Madani, attended the NSW Coastal Conference along with staff from our Florida office - Jennifer Nunn (Vice President and senior water resources engineer) and Cortney Cortez (senior economist). At the three-day conference, Jennifer gave a presentation on the integration of flood resiliency to stormwater design with Sea Level Rise in Florida.
In this week's edition we have an article on the extreme flooding events that recently occurred in Spain and how prepared Australia is for such extreme rainfall events. We also have stories on water levels at the Murrumbidgee River, whether is suitable to bring carbon pricing back in Australia, the impacts of net-zero emissions targets on the climate, and more.
Enjoy this week’s Economic Perspective, and have a great week
The Latest Trending Economic News Curated for You by Balmoral Group Australia
The extreme floods which devastated Spain are hitting more often. Is Australia ready for the next one?
Spain is still reeling from recent floods in the Valencia region. In some areas, a year’s worth of rain fell in a single day. Sudden torrents raced through towns and cities. Over 200 people are dead. Rapid analysis suggests daily rainfall extremes in this region and season have become twice as common over the last 75 years and become 12% more intense. Read about it here.
Dams have taken half the water from Australia’s second biggest river – and climate change will make it even worse
The largest wetland on Australia’s second longest river, the Murrumbidgee in the southern Murray-Darling Basin, is drying up. This is bad news for the plants, animals and people who rely on the vast Lowbidgee Floodplain. So it’s important to understand what is going on, and whether we can do anything about it. Read more here.
Let’s tax carbon: Ross Garnaut on why the time is right for a second shot at carbon pricing
Australia now has a government and parliament wanting timely transition to net zero. We have a government and parliament wanting to build Australia as the renewable energy superpower of the zero-carbon world economy. For the time being, we have favourable international settings for using our opportunity. Read more here.
Earth’s climate will keep changing long after humanity hits net-zero emissions.
The world is striving to reach net-zero emissions as we try to ward off dangerous global warming. But will getting to net-zero actually avert climate instability, as many assume?. Read more here.
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