The treasurer, Jim Chalmers, will reveal the latest modelling from Treasury on the impacts of climate change on the nation’s economy. Follow the day’s news live
Today is the third day of hearings into the competitiveness of Australia’s airline industry.
While there was a lot of initial publicity about the inquiry following a tense few days in Parliament when transport minister Catherine King was repeatedly bombarded with questions about her relationship with Qantas and if it informed her decision to reject granting Qatar Airways additional flights, we haven’t quite gotten the bombshell revelations that might have been hoped for.
And the latest projections also show the significant impact that climate change could have on our regions. If further action isn’t taken, Australian crop yields could be 4% lower by 2063 – costing us about $1.8bn in GDP in today’s dollars.
The pressure of a changing climate and more frequent natural disasters is constant, cascading, and cumulative.
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