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This is what the climate will look like in 40 years | ticker VIEWS

Published

5 years ago

June 30, 2021

Experts fear Australia’s Intergenerational Report doesn’t admit that climate change will impact the future economy.

Australia’s Treasurer Josh Frydenberg has revealed the Intergenerational report for 2021. The report is released every five years and aims to outline how demographic, technological and other structural trends will affect the economy over the next 40 years.

However, experts fear there is a lack of acknowledgment when it comes to climate change and its impact on the future economy.

Climate change acknowledgment in the report

Climate change only became central throughout the report’s agenda in 2010. Climate change action is such an important part of our economic future, especially at a 40-year glance.

Those 40 years will be the make-or-break period for climate mitigation globally and will demand unprecedented and highly disruptive economic transformation.

As the world seeks to phase out fossil fuels, Australia is yet to make any ambitious targets of net-zero emissions by 2050. Frydenberg has claimed gas exports will be a central pillar of Australia’s contribution to international climate action.

He also spoke about carbon capture and clean hydrogen as promising future industries. However, he made no urgent attempt to model any of the physical or transitional effects of climate change and decarbonisation in depth.

Economist and climate councillor Nicki Hutley wants to see accurate modeling of climate change and the impact it has on the economic future. Hutley says the report lacked details.

“There was really no discussion at all. It was almost like well, we had climate change, nothing much to see here. We’re doing stuff on hydrogen and carbon capture and storage. So nobody needs to worry… which of course is very far from the truth.”

Climate change action and a thriving economy

Climate inaction is costly. For example, the insurance sector is already being impacted by current climate change policies. People who’re deemed a high flood risk area or fire danger area are having difficulty with their eligibility for insurance.

Hutley says the economic impacts will be devastating.

“Melbourne Uni released a report and the potential impact was around $100 million a year. That’s like having a COVID sized shock to the economy, every single year, within the next few decades.”

“It’s not just the extreme events, but rising average temperatures, the impact on tourism on agricultural productivity, on people’s ability to work because of those higher temperatures, it really flows right across the economy. It’s very drastic.”

Nicky Hutley

Climate change action and a thriving economy can work hand in hand. Countries around the world are using climate action to stimulate their economies. Climate change action can create jobs opportunities.

The next Intergenerational Report will be in 2026. Climate change isn’t waiting and neither should we.

Related Topics:auspol australia climate Economy Government

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NASA’s Artemis II launch: Argentina joins first crewed moon mission in 50 years

NASA’s Artemis II rocket is ready for its first crewed Moon mission in over 50 years, featuring Argentina’s ATENEA microsatellite.

Published

18 hours ago

January 19, 2026

Harvey Vargas

NASA’s Artemis II rocket is ready for its first crewed Moon mission in over 50 years, featuring Argentina’s ATENEA microsatellite.

NASA’s Artemis II rocket has arrived at Kennedy Space Center, marking the first crewed Moon mission in more than five decades.

The mission will carry a crew of four astronauts on a ten-day journey around the Moon, with a wet dress rehearsal scheduled for February 2 to test all systems.

In a historic moment for Latin America, Argentina’s ATENEA microsatellite will join the Artemis II mission as secondary cargo. Developed through a collaboration of Argentine institutions, ATENEA will collect crucial data on radiation and communications systems in space, making Argentina the only Latin American country contributing to this milestone mission.

The Artemis II mission will also validate life support and spacecraft systems ahead of Artemis III, NASA’s planned crewed lunar landing in 2027. With the SLS rocket and Orion spacecraft now on Launch Pad 39B, excitement is building for this next giant leap in space exploration.

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#ArtemisII #MoonMission #NASA #ATENEA #SpaceExploration #ArgentinaInSpace #SLSRocket #OrionSpacecraft

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Iran warns U.S. retaliation as protest death toll soars — executions feared, nationwide unrest

Iran warns of severe retaliation against U.S. strikes, amid escalating tensions and internal unrest.

Published

18 hours ago

January 19, 2026

Harvey Vargas

Iran warns of severe retaliation against U.S. strikes, amid escalating tensions and internal unrest.

Iran has issued a stark warning of a severe response to any U.S. military strike, with leaders stressing that military action would be treated as an act of war.

President Masoud Pezeshkian cautioned that attacks on strategic sites or leadership figures could trigger retaliation against U.S. and allied forces in the region — including potential targets in Israel and American bases. These warnings come as tensions between Tehran and Washington escalate amid sustained unrest across Iran.

The backdrop for this diplomatic brinkmanship is a bitter standoff between Tehran and the U.S., with U.S. President Donald Trump publicly debating options for intervention and criticising Iran’s leadership.

Tehran, for its part, has blamed external forces for stoking internal dissent and insists it will fiercely defend its sovereignty.

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#IranProtests #IranUSConflict #MiddleEastTensions #HumanRights #IranDeathToll #ProtestCrackdown #GlobalNews

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EU condemns Trump’s Greenland tariff threats: Trade tensions escalate

Major EU nations criticize Trump’s Greenland tariffs as “blackmail,” risking trade agreements and raising tensions across the Atlantic.

Published

18 hours ago

January 19, 2026

Harvey Vargas

Major EU nations criticize Trump’s Greenland tariffs as “blackmail,” risking trade agreements and raising tensions across the Atlantic.

Major EU nations are pushing back against President Trump’s tariff threats over Greenland, calling them “blackmail” and raising tensions across the Atlantic. Germany and France are reportedly considering economic countermeasures to respond to the U.S. stance.

Trade agreements with the UK and the EU could be at risk, as these threats put key negotiations in jeopardy. The European Parliament is also expected to pause discussions on the EU-U.S. trade deal, signaling a growing rift.

Meanwhile, British officials insist their position on Greenland is non-negotiable, adding complexity to an already tense situation.

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#TrumpTariffs #Greenland #EUTensions #TradeWars #USPolitics #GlobalEconomy #EUTrade #NationalSecurity