The massive investment in renewable energy in recent years has had a significant impact on the Australian economy.
Mr Debelle said the most recent capital expenditure survey from the Australian Bureau of Statistics showed that investment would continue to be significant in the foreseeable future. He added the effect of climate change on the Australian economy was a function of the political environment in Australia, as well as that of other countries, specifically trading partners such as China and India."As China transitions away from coal, natural gas is expected to account for a larger share of its energy mix, and Australia is well placed to help meet this demand," he said.
fancy that..... everything seems to be connected.
Ongoing opinions since we climbed from trees.
I wonder if phony Tony is reading this? If he does read it, the phony pass it onto his mouthpiece shock jocks to educate them about climate change.
Climate Change is a hoax it's a way to control the population the government need to stop lying to the Australian ppl greenpeace founder is telling us it's a hoax Wake up Australia
Will people STOP conflating imaginary costs with very real and widespread DEATH!
Of course, run an inefficient government, then get challenged to do the right thing, knee jerk reaction make the most mums and dads pay!
Really? Who would have thought?
latingle RBAInfo 'Australia is well placed to help meet this [China gas] demand'. At which cost? Read: Australia is exporting itself gas poor, plans LNG import terminals Gladstone LNG exports R energy equivalent to total AU petroleum liquids consumption
Labor/Green Leftards never understand this bit. serves them right. There are better ways to go about climate change
latingle RBAInfo Transition away from oil will also be disorderly. High US gasoline prices in 2008 impacted on car & oil dependent US suburbia with a precondition of high mortgage debt. Governments have learnt nothing. More road tunnels being built. Check on Transurban debt
Climate change is a scam .. Australia has 1% of the worlds pollution & it's a waste of time why isn't government more interested in creating jobs instead of creating another carbon tax .. making all carbon fuels dearer Wake up Australia this is a con job
northway_debbie No doubt about .RBAinfo ...quick learners
The next asteroid can find Canberra any time it likes. Fix this fixation. Good and proper.
And as we move on through the years, climate changes's effect on interest rates will prove to be the least of our concerns
QuentinDempster If banks can’t insure the funding then projects will not happen
Keep the people scared and mailable!!
What would we do without the RBA 👻🙄
Australia produces about 1% of the worlds CO2, therefore it doesn't matter whether Australia is or isn't a low carbon producer, with regards to what Debelle is saying about Australia's CO2 production. Debelle needs to start thinking for himself & stop listening to de Brouwer.
We've always had dramatic droughts & its affected the economy before. Don't wet your pants and quit with the climate hysteria. We'll get through it like before. Besides this ain't nothing compared to the flood.
Fear mongering. When industry is relegated to it's appropriate place as a special interest barred from political influence, the truth will come out on how badly everyone has been screwed by these self appointed nobodies.
climate change is a scam, australia demands more coal fired power plants 🔥🔥🔥💰💰💰🇦🇺🇦🇺🇦🇺✅✅✅
In whose pockets do those 'costs' land? That is what this is really all about. Nothing Australia does would have any measurable impact whatsoever on global climate. It's about money. Each dollar spent to fight 'climate change' lands in someone's pocket after removal from yours.
Cease & Desist Geoengineering Now .... We the People DO NOT CONSENT !
This is what is commonly referred to as, 'jumping the shark'. blamingunicorns fantasyland alternatereality
Meh.
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