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

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4 years ago

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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.

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Pope Francis dies aged 88 as world mourns historic papacy

The world mourns Pope Francis, the transformative first Latin American pontiff, who died at 88, with global tributes and a nine-day mourning period ahead of a conclave.

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16 hours ago

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April 22, 2025

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The world mourns Pope Francis, the transformative first Latin American pontiff, who died at 88, with global tributes and a nine-day mourning period ahead of a conclave.


The world is grieving the loss of Pope Francis, the first Latin American pontiff and a transformative figure in the Catholic Church, who died aged 88.

Known as The People’s Pope, he championed mercy, humility, and compassion throughout his 12-year papacy.

Leaders across the globe, including President Trump and Australian Prime Minister Anthony Albanese, have paid tribute to his lasting legacy. A nine-day mourning period begins, followed by the election of a new Pope via conclave at the Vatican.

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Pope Francis was a spiritual giant who championed humility

Pope Francis, aged 88, dies from double pneumonia, leaving a legacy of compassion and inclusion as the Church’s first Latin American and Jesuit leader.

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April 21, 2025

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Pope Francis, aged 88, dies from double pneumonia, leaving a legacy of compassion and inclusion as the Church’s first Latin American and Jesuit leader.


Pope Francis has died at the age of 88, following complications from double pneumonia. The Vatican confirmed his death on Monday morning, with Cardinal Kevin Farrell announcing that “the Bishop of Rome, Francis, returned to the home of the Father” at 7:35am.

The first Latin American and Jesuit Pope, Francis led the Roman Catholic Church for over a decade, earning global praise for his humility, progressive stance, and focus on inclusion and compassion.

Just days before his passing, the Pope surprised crowds at Easter Sunday Mass, blessing worshippers in St Peter’s Square. Despite recent hospitalisation with bronchitis, he appeared in good spirits, even pausing to bless children from the Popemobile.

His death has triggered nine days of mourning in Italy. Leaders around the world have paid tribute. Prime Minister Anthony Albanese called him a man “whose compassion embraced all humanity,” while Opposition Leader Peter Dutton described his devotion as unwavering.

Francis will be remembered not only as a man of many firsts — the first Jesuit Pope, the first from the Global South — but also as a tireless advocate for the poor, refugees, and marginalised communities.

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Pope Francis dies, ending 12-year papacy

Pope Francis, the first Latin American Pope, dies at 88 after 12 years of tackling division and reform in the Church.

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1 day ago

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April 21, 2025

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Pope Francis, the first Latin American Pope, dies at 88 after 12 years of tackling division and reform in the Church.

In Short

Pope Francis, the first Latin American leader of the Roman Catholic Church, has died at 88 after a 12-year papacy marked by reform attempts and health issues.

His passing initiates a period of mourning and the process for selecting his successor.

Pope Francis, the first Latin American leader of the Roman Catholic Church, has passed away.

The Vatican confirmed his death in a video statement released on Monday. His papacy lasted for 12 years and was characterised by both division and tension.

“Dear brothers and sisters, it is with profound sadness I must announce the death of our Holy Father Francis,” Cardinal Kevin Farrell announced on the Vatican’s TV channel.

“At 7:35 this morning the Bishop of Rome, Francis, returned to the house of the Father.”

Concern for the poor

Jorge Mario Bergoglio was elected pope on March 13, 2013, surprising many Church watchers who had seen the Argentine cleric, known for his concern for the poor, as an outsider.

Pope Francis sought to reform the Roman Catholic Church, which faced criticism for its traditional practices.

At the age of 88, he had been dealing with several health issues during his time as pope. His leadership style often challenged the status quo within the Church.

Pope Francis’s death marks the end of a significant chapter in the history of the Vatican.

Jorge Mario Bergoglio was elected pope on March 13, 2013, surprising many Church watchers who had seen the Argentine cleric, known for his concern for the poor, as an outsider.

The global Catholic community will now enter a period of mourning and reflection. The process for selecting his successor will soon begin.

Carries the weight of the changes he proposed during his tenure.

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