The truth Australia doesn’t want to hear about saving the Great Barrier Reef:
http://www.news.com.au/technology/environment/climate-change/the-truth-australia... Quote:ONE of the country’s most loved landmarks is facing extinction and everyone is scrambling to do something about it — except making the one hard decision that could actually save it.
The plight of the Great Barrier Reef has become a global concern with Hollywood superstars, legendary documentary makers and billionaire entrepreneurs drawing attention to its fragile state.
On Thursday the ABC revealed secret modelling that showed it could cost up to $16 billion to meet water quality targets over the next 10 years just to meet water quality targets for the reef.
Both sides of government have announced more money to improve reef’s condition but the funding has so far been millions, not billions.
They are also ignoring calls for a coal moratorium, despite experts saying this will be crucial to preserving one of Australia’s most lucrative attractions.
While it might seem like a crazy idea to some, experts say blocking the construction of new mines would actually be good for the economy.
Is this something Australia should really be considering? And what would it cost us?
A COAL MORATORIUM SOUNDS EXTREME, IS IT REALLY NECESSARY?
We all want to ensure the Great Barrier Reef survives but is it really necessary to block new coal mines?
It may not be the answer people want to hear, but experts believe it’s something Australia needs to do.
Climate change was identified as the most serious threat to the Great Barrier Reef, according to the government-funded Great Barrier Reef Marine Park Authority’s report.
Australia has already promised to keep temperature rises to under two degrees as part of the Paris global climate change agreement, but meeting this target may not be enough to save the reef.
“It is highly likely that two degrees of warming (above pre-industrial rates) would destroy the Great Barrier Reef as we know it,” Professor Will Steffen of the Climate Council told news.com.au.
“There may be a few individual reefs or pockets of corals that survive, but the vast sweep of reefs along Australia’s northeast coast would be gone, converted into algae-based ecosystems.”
He is not the only one who feels this way. In April, a group of 56 scientists signed an open letter calling for Australia to block new coal mines and phase out coal-fired power stations.
WOULDN’T IT HURT US ECONOMICALLY?
It’s all well and good to have the best intentions, but many Australians may not be willing to sacrifice economic growth in order to preserve the reef. The good news is, we don’t have to.
Economist Stephen Bartos of Pegasus Economics told news.com.au that if Australia pulled out of coal abruptly there would be a short term impact on growth but in the longer term moving away from mining would actually be a good thing.
This is because the growth we get from mining is mostly temporary and largely comes from jobs created during construction. Once they become operational mines don’t need as many people to keep them running.
“Not investing in coal mines doesn’t harm the economy if we invest in other productive things instead,” Mr Bartos said.
“People forget the economy is dynamic, what happens if we don’t invest in Project A, is we’ve got the resources for Project B. It’s not a negative in reality, the economy adjusts.”
In particular, he said thermal coal used for power plants would probably not be a good future investment.
“The cost of renewables is falling rapidly and will likely be more economical than coal in the very near future,” he said.
The Australia Institute chief economist Richard Denniss said it might feel counterintuitive but stopping the development of new mines in Australia would be “very good” for the country.
“The world’s demand for coal is flat or declining,” he said. “So if new mines are built in Queensland they will push the world price of coal down.
“The best way to help existing coal miners is to prevent the construction of their competitors.”
Assoc Prof Denniss said claims the new Carmichael coal mine would create thousands of jobs had been hyped up. Adani once claimed the new mine in the Galilee Basin would create 10,000 jobs, but has since admitted in court that it was more likely to be about 1400 jobs, including indirect jobs, over 30 years.
“There are well over 150,000 unemployed people in Queensland, there is no scenario that building new coal mines will solve Queensland’s employment problem, especially when new coal mines harm the tourism industry in both the short term and the long term,” Assoc Prof Denniss said.
In contrast the Great Barrier Reef is estimated to generate revenues of $6 billion each year while employing 70,000 people...