The long-awaited white paper about the A$2.55 billion Emissions Reduction Fund provides answers to some questions regarding the Abbott government's Direct Action Climate Plan. The policy lets off the few polluting companies. The government has made it clear that it will not add more money to the ERF than what is budgeted. Australia may be able to reach its 5% reduction target by 2020 but will find it difficult to reduce further than that. Hunt stated that the government would not go beyond the 5% goal until "strong, similar action" is taken by the major countries in the world. The government's Climate...

The fund will accept lower investment returns, which means a higher level of risk than what the government expects from the CEFC. Carbon pricing is the key to clean energy. ARENA was mandated to give grants to clean energy research and development projects. These decisions are risky, but they could reduce the cost of low-emission technology if successful. Early movers face obstacles, and the carbon market so far has not provided a clear long-term message for investors. Government funding is, therefore, justified. The CEFC was created as a result of a compromise made to ensure the former Labor government passed...

Consider other global challenges like climate change and ozone depletion. Researchers have matured around these issues, allowing them to determine where the gases responsible for these problems originate from and how much of it reaches the air each year. We know very little about plastic pollution. This is especially true in countries with low or middle incomes. We are struggling to reduce the amount of litter in the environment. In our research published in Science, we made a huge effort to track plastics and predict their future flow into land and water bodies around the world. Our study found that the...

The State of the Union is good, and President Barack Obama was optimistic in his annual address to Congress. The backdrop for the President's " ambition agenda " and " assertive " call to action was good economic news and the absence of election campaigns. Scholars from all over the US share their thoughts on the items the President has included in his agenda. Tax proposals are progressive but not populist Elizabeth Pearson University of California Berkeley The State of the Union Tax proposals were the foundation of the "middle-class economics" that President Obama outlined in his address. The proposed tax changes were...

The headline result shows that the labor productivity of the economy has continued to grow at a healthy rate of 2.2% over the last year. The rate of growth is broadly in line with the long-term average. On this measure, one might be forgiven for thinking that the "lucky country" had continued to enjoy an outrageous stretch of good fortune. However, while labor productivity has been increasing, "multifactor productivity growth" has been declining. In fact, multifactor productivity has decreased over much of the period since 2003-04. These findings have been widely cited as indicating a "productivity crisis" in Australia. And...

E-waste is a global problem. It includes computers, electronic goods, and electrical equipment. In 2011, 41.5m tonnes worth of electrical equipment was thrown away in the world. This is expected to increase to 93.5m tons by 2016. It is important to be aware that electronic consumer products are toxic waste. CRT monitors and old-style TVs are contaminated with lead and phosphorous, while printed circuit boards have arsenic and mercury, and refrigerators contain CFCs. These toxins, whether they are buried in landfills, improperly broken down, or burned, can leach into the soil or water table and cause a health crisis. E-waste also contains...

It is a strategy that has been passed down from generations before. Present a negative picture. You can blame your predecessor. Answer the questions. Make it clear that bitter medicine will be involved. The Midyear Economic and Fiscal Outlook states that "Living within your means requires eliminating waste but will also require you to reduce some of the spending to which you have grown accustomed." Treasurer Joe Hockey is blunt in his statement: "Over these next few months, Australians will have to accept decisions that make our quality-of-life sustainable." This speech is similar to Hockey's last year's about the end of the era...

Palmer's credibility is also in the spotlight. If he even cares, which he might not. Before you can do anything, it's one thing to make a big deal. When real decisions with consequences are required, it is one thing to make a big note. The same is true for the government. The government can snarl all it wants, but in a few months, it will be forced to make compromises with Palmer. Palmer declared in the current exchanges that he would not support the government's direct action plan on carbon with its $ 1.55 billion emissions reduction fund. He said...

It was easy to predict that the 2018 budget would be similar to those of previous years. Taxes were raised, and expenditures increased. This year's budget was notable for putting the issue of wasteful and fruitless expenditure in the spotlight. A new measure is being proposed in this regard, which will deny tax deductions to state-owned entities for expenses or losses classified as wasteful and fruitless. In order to reduce the annual rise in budgeted expenses, it is proposed that cabinet expenses be reduced by R85 billion in the next three-year period. This proposal is positive and shows that the...

Atmospheric methane concentrations are almost three times higher than pre-industrial levels and continue to rise. Reduced emissions would help to limit climate change. David Littleproud, Nationals leader, claims that signing the pledge could threaten backyard barbecues. Most of Australia's emissions of methane come from agriculture (in the form of livestock emissions), followed by coal and natural gas mining. To meet the full methane commitment, it will be necessary to invest in the industries that emit most of this gas. This will allow these industries to address climate change better and increase their sustainability while also boosting profits. Methane and global warming...