Do we seriously want to save the Great Barrier Reef?

Back on 17 March, 2017 Joshua Robertson’s article in the Guardian Stopping global warming is only way to save Great Barrier Reef, scientists warn reported four things happening simultaneously. First, a paper by 46 scientists published in Nature showed that bleaching of the Great Barrier Reef in 1998, 2002 and 2016 was determined by ocean surface temperature; water quality had nothing to do with it.

Secondly, Terry Hughes, the lead author of the paper was embarking on aerial surveys to chart the effects of the latest 2017 bleaching event, the first in consecutive years, and the first in a non-El Niño year.

Third, Queensland government officials were in Paris meeting with UNESCO officials to appeal for more time to make good on conservation efforts to ward off an “in-danger” listing for the reef. This conservation plan does not mention global warming, concentrating on such things as water quality.

Fourth, Queensland premier Annastacia Palaszczuk went to India to lobby Adani to proceed with its giant coal mine in the Galilee Basin. Continue reading Do we seriously want to save the Great Barrier Reef?

Should We Charge the GST on Exports?

Exporters often seem to be able to pay less tax than other businesses.  One of the key reasons for this is that exporters pay no GST on their exports despite benefiting from government expenditure on things things like education and various forms of assistance to industry including assistance that is specific to export industries.

This post asks whether it is about time to start charging the GST on at least some exports. Continue reading Should We Charge the GST on Exports?

Should We Get Rid of the Company Tax?

The Commonwealth government has just gained support for a tax cut for business’s earning less that $50m per yr. The benefits of this change are debatable. The only things we can be sure of is that badly needed government revenue has been sacrificed and if anything, the administration of this tax will become more complex.

It might be smarter to get rid of this complex and difficult to administer tax altogether and replace the lost revenue by either increasing the take from already existing taxes and/or some new and simpler tax.

This post looks at the implications of getting rid of company tax. Continue reading Should We Get Rid of the Company Tax?

Saturday salon 15/4

1. Older Coalition voters turning to One Nation

Newspoll finds that the demographic most supportive of One Nation is the 50-plus group and it appears that the LNP is the main loser in that sector.

Meanwhile, Pauline is calling for a boycott of easter eggs that are halal-certified, ie Cadbury, Matthias Cormann has stared down a demand that the ABC’s budget be cut by $600 million and the Young Nationals have supported carbon trading, having supported same-sex marriage in 2015. Continue reading Saturday salon 15/4

Climate clippings 204

1. Antarctic ice melt may have tipped

David Spratt at Climate Code Red has a post surveying recent studies on Antarctic ice sheet melting. I’ll cut to the chase with his update of a recent report from NOAA:

    a revised worst-case sea-level rise scenario of 2.5 metres by 2100, 5.5 metres by 2150 and 9.7 metres by 2200. It says sea level science has “advanced significantly over the last few years, especially (for) land-based ice sheets in Greenland and Antarctica under global warming”, and hence the “correspondingly larger range of possible 21st century rise in sea level than previously thought”.

Continue reading Climate clippings 204

Fake news about company tax cuts

Ross Gittins says we have fake government rather than fake news, but it does appear that the political debate about company tax cuts has been inadequate and misleading, to say the least. In this post I take a look at what decent thinkers like Gittins, Craig Emerson, Ross Garnaut and others have had to say about the corporate tax cuts. Continue reading Fake news about company tax cuts

Climate clippings 203

Renewable energy news

I’m reminded of my school days when our German teacher on the last day of term used to read us tales of Baron Münchhausen, who on one occasion jumped on his horse and rode off madly in all directions. There is so much going on, fully covered at RenewEconomy, so it is difficult to select the most significant. I’ll try a couple of themes, and include some AFR coverage, which is trying to keep business informed.

1. Batteries

The South Australian tender for 100MW grid-scale storage has received 90 expressions of interest from 10 countries, demonstrating an established global industry. Continue reading Climate clippings 203

Class warfare needed to shake lazy neoliberalism

Neoliberalism has run its course, Paul Keating has spoken.

Sally McManus, the new Secretary of the ACTU announced the demise of neoliberalism as a useful economic force in her speech to the National Press Club National Press Club, as well as defending her comments that anti-strike laws were unjust and could be disobeyed, and setting out the union peak body’s case for a $45-a-week increase in the minimum wage.

McManus said that neoliberalism and trickle-down economics had caused inequality to reach a 70-year high in Australia and that “working people and ordinary Australians have been the victims”.

    “The Keating years created vast wealth for Australia, but has not been shared, and too much has ended up in offshore bank accounts or in CEO’s back pockets.

    “Working people are now missing out and this is making them angry.”

Continue reading Class warfare needed to shake lazy neoliberalism

Saturday salon 8/4

1. Trump’s Syria strike puts the world on notice

Trump’s launch of 59 Tomahawk missiles to smash a Syrian airfield has put the world on notice. As Trump enters talks with Chinese leader Xi Jinping, suddenly it is clear that Trump is not going to be isolationist, and no-one can be sure how far he will go, in Syria, the South China Sea, North Korea, or anywhere else..

The biggest question is what comes next? There are Russian troops on the ground. The Syrians and Russians have anti-aircraft weapons capable of bringing American planes down, which have been flying freely to strike ISIS targets. Continue reading Saturday salon 8/4

Climate clippings 202

1. State of the Environment 2016

The government has produced the latest State of the Environment Report 2016 which happens every five years. I’ve browsed the report and can say that it has some magnificent photographs.

According to the ABS Australia’s population will be between 36.8 million and 48.3 million in 2066 as against 24 million now. The report says that the key drivers of environmental change are population growth and economic activity.

The report says that it is possible to decouple these drivers from environmental harm, but it’s a possibility only. Sue Arnold, following Ted Trainer and Sustainable Australia suggests that we have already breached our carrying capacity. Continue reading Climate clippings 202

Malcolm’s malaise

Ray Hadley reckons that if Turnbull can’t lead Bill Shorten by 20 points he doesn’t deserve to be prime minister. According to the latest Newspoll in the ‘Better PM’ stakes Shorten has taken ground off Turnbull. Turnbull is now only 9 in front compared to 14 last time.

As to how well they are doing their job, 32% approve of Shorten compared to 30% for Turnbull. And it’s not new. Shorten was 2% ahead back in November, and has tended to shade him ever since (three times out of four). Of course both are in net negative territory.

In ‘Two Party’ terms it’s 53-47 to Labor, compared to 52-48 last time. Here are the individual party votes: Continue reading Malcolm’s malaise

Climate clippings 201

1. Australian fund managers short Tesla and Elon Musk

When Elon Musk dramatically promised to build a grid-scale battery in South Australia, the media was enthralled. Share traders and a string of Australian fund managers smirked. They’d seen it all before, and were shorting him in the market.

In that very week he was in the market with plans to raise $US1.15 billion in equity and convertible notes. I understand also that Tesla has gone strangely quiet about SA since then. Continue reading Climate clippings 201

Climate change, sustainability, plus sundry other stuff