By Ben McNeil
'A passionate and informative demonstration of ways mitigating weather switch will be appropriate with financial development' - Professor Ross Garnaut, the Garnaut weather swap Review
'Humanity's maximum problem is to minimise the results of weather swap. With problem comes chance. This ebook is ready opportunity.' - Professor Peter Doherty, Nobel prize winner
'A interesting and provocative perception into how company could make the main of the environmental challenge.' - Geoffrey Cousins, enterprise chief and author
The international is in the middle of a seismic shift within the manner we generate strength and develop fiscal prosperity. because the first commercial revolution we now have been burning carbon to run our lives, yet weather switch and dwindling provides of oil are actually forging a brand new fresh commercial revolution so as to finish our reliance on carbon for good.
So the place does Australia's monetary destiny lie during this quickly altering international? during this compelling e-book, weather scientist and economist Ben McNeil demonstrates the large monetary possibilities with a view to open up if Australia leads the hot fresh business revolution. He indicates how making an investment, commercialising and exporting the hot fuels, fabrics and applied sciences for the twenty-first century will enhance financial prosperity in addition to environmental sustainability.
In an international yearning fresh strength, countries and companies who're shrewdpermanent and brave adequate to include the swap will thrive.
Read Online or Download The Clean Industrial Revolution: Growing Australian Prosperity in a Greenhouse Age PDF
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Extra resources for The Clean Industrial Revolution: Growing Australian Prosperity in a Greenhouse Age
A drier southern Australia will make food prices rise across the board, with not even the most price-conscious Australian able to escape. Between 2002 and 2006, food prices surged. indd 39 26/2/09 10:18:48 PM 40 • The Clean Industrial Revolution Consumer Price Index rose only 12 per cent, meaning that prices for fruit and vegetables rose three to five times more than other products in the economy. The Murray–Darling basin provides over 40 per cent of Australia’s food and has been without good rain for years.
15 Even though the coal for Japanese power stations comes from Australia, the carbon emitted when burning it is counted under Japanese greenhouse accounts. 16 It would be impossible for Japan to continue buying Australian coal and using it in its current form if it wanted to meet these significant reduction targets. The beneficiaries of this shift in Japanese energy priorities will probably be natural gas (supplied by Russia), nuclear power and renewables, not Australian coal. 18 There are many low-carbon alternatives in Europe that will be cheaper than coal in a carbon-constrained world.
The coal age will not end from lack of coal. As the world moves to cut carbon emissions, coal will be the first energy source ousted, given its carbon intensity. Even without a global carbon price in effect, a ‘shadow’ carbon price is already devaluing coal assets. Three of the world’s biggest investment banks in New York have sounded alarm bells over coal’s future. P. 2 The banks don’t want to finance a 50-year investment that goes bad because of future carbon emission caps and cost blowouts through higher than expected carbon costs.