How long can federal budgets keep ignoring a deeper truth?

That means you'll be hearing lots of conversations about "inflation," the "economy," and "economic growth."The way the budget is normally framed, with an intense focus on the politics and "winners and losers" of the budget, it means we can easily forget some deeper truths about economics and the natural world.It was written by economists and researchers from North America.

The concept of "ecosystem services" refers to the benefits that nature provides to humans through the transformation of environmental "assets" such as land, water, vegetation and the atmosphere, into a flow of essential goods and services., which is quietly revolutionising the way we account for economic growth within a framework that pays more attention to the environment.

"Solving our current ecological and social crises — which have only grown worse over the past ten years — requires a radical transformation of humanity's relationship to the global ecosystems that sustain all life." "These damages already outweigh the mitigation costs required to limit global warming to 2°C by sixfold over this near-term time frame, and thereafter diverge strongly dependent on emission choices."

On social media last week, Dr Gergis said her essay was a "scientific reality check of Australia's climate policy and what it means for our country."

Climate Change Climate Scientists Joëlle Gergis Federal Budget

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