The first, produced by then prime minister John Howard and his treasurer Peter Costello in 2002, set out projections to 2042. The Howard government mandated the five-yearly intergenerational reports as part of its Charter of Budget Honesty.
In 2010, the third intergenerational report had an entire chapter on climate change. The report was entitledThe fourth intergenerational report in 2015 was prescient in its warning about the Great Barrier Reef, describing protection of it as a "significant challenge over coming decades".Frydenberg's 180-page report will also include a chapter on climate change, one that looks beyond 2050.
As governments took measures to wind back the growth in spending those needs shrank in future intergenerational reports, to about 3 per cent of GDP.The first pointed to living standards 90 per cent higher in 40 years' time. A big concern in the first report was that as the population of older Australians grew, the number of people of traditional working age available to serve each one would shrink, roughly halving.That concern was overstated somewhat because at the same time the number of young people who needed serving would shrink.
On the other hand, our productivity growth — the amount produced per hour of work — has been abysmal. Before COVID it fell to 0.4 per cent per year. The first intergenerational report had assumed 1.75 per cent.
I don't get this obsession with a politician making some pointless commitment for 2050. The planets leaders have been making commitments to reduce emmisions for 2 decades and the planets emissions have actually increased 🤦♂️ No need to commit just do, Aussies will get it done 👍
Probably still have white LNP pollies in Canberra financed by Murdochs having a sookilala about why coal is the best and cleanest source of energy
Climate change is a major BS diversion from fact and bad government It is just a political exercise
I'm starting to distrust scientists, they say Neanderthals died out thousands of years ago!! Clearly they are still around and Breeding!!!!!
Free Assange,all he did was exposed the true world and the crimes of some bureaucracies
Will this guy having another affair again?
He screamed in the past about GFC debt, now his government is in 1Trillion Dollars Debt trap.
I don't get this obsession with a politician making some pointless commitment for 2050. The planets leaders have been making commitments to reduce emmisions for 2 decades and the planets emissions have actually increased 🤦♂️ No need to commit just do, Aussies will get done 👍
We still don’t know about his sexual misconduct matters. However we do know that he’ll try to build some early 1900 era coal power stations that’ll somehow help the regional farmers
the Nats pushed for gov flood reinsurance due to climate They bloody well know about climate change but they turn a blind eye on climate Flood insurance in Townsville went up 300%
ABC obsession with their group think 2050 fantasy, is just as pathetic as theirabc failed attempts to white wash Aboriginal history, using an angry ild white man's fairytale Only difference is their 2050 fairytale aint racist, white washing Aboriginal history via a fairytale is
No doubt Barnaby will give us a glimpse of the 1930’s.
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ABC's 'Australia Talks' initiative should be called 'Australia Spins': Kenny | Sky News AustraliaSky News host Chris Kenny says the ABC's 'Australia Talks' initiative is not really a report on what Australia thinks – it's more like 'Twitter views' of the world.\n\nThe ABC's Australia Talks initiative 'is a massive joint opinion research project with a polling firm and Melbourne University,' Mr Kenny said.\n\n'One of the biggest problems with this, as I've have highlighted before, is that it is not representative, the sample is large but it is based on people who have been responding to an ABC online initiative.\n\n'The ABC insists their survey does not reflect mainly ABC audience views, even though the respondents are based on those who use the ABC Vote compass survey.\n\n'They cannot pretend, surely, that that those people who fill out the Vote Compass survey make up a random sample of Australians.\n\n'Perhaps instead of calling this Australia Talks it should be called Vote Compass talks, or ABC programmers market researchers and taxpayer-funded activists talk.\n\n'Or simpler, Australia Spins.' You should do one for the bloke that watches Sky to balance things out.... Chris, if you and sky had any integrity you might make a serious attempt to understand what people want rather than belittling an honest attempt by the ABC Is that like the SkyNewsOz view of the world?
Source: SkyNewsAust - 🏆 7. / 78 Read more »
'We'll fight it all the way': Aboriginal group lodges anti-cable car submissionAboriginal Heritage Officers have lodged a joint submission with the Hobart City Council against the kunanyi/Mt Wellington cable car proposal, criticising the Aboriginal heritage assessment conducted by an interstate consultant. I'm a Tasmanian aboriginal and I support the cable car.
Source: abcnews - 🏆 5. / 83 Read more »
Question remains whether Barnaby Joyce will 'push back' on Morrison's net-zero emissions plan | Sky News AustraliaSky News host Chris Kenny says it remains to be seen whether incoming Deputy Prime Minister Barnaby Joyce will 'push back' against PM Scott Morrison's 'tacit acceptance' of net zero emissions by 2050.\n\n'As it has been for decades, a key policy schism in the coalition is climate change and the question is whether the Nationals now, under Joyce, will push back against Scott Morrison's tacit acceptance of net zero emissions by 2050,' Mr Kenny said.\n\n'Never forget, despite all the climate activism from politicians and especially from the media, after 2007 every federal election has been won by a party promising caution on climate action, promising not to sacrifice jobs ... sacrifice the economy and our standard of living for climate action.\n\n'History tells us that a more robust Nationals partner is more likely to strengthen the Coalition and help its electoral chances, rather than see it lose support.' Looking forward to the opposition benches.. McCormack was hardly a star performer, but compared to Barnaby he is an Einstein. Albo must be rubbing his hands together. Even a drovers dog could beat LNP right now. Only thing that could stop Labor winning would be if Shorten were to challenge Albo. Very sad on many fronts. Another slap in the face for all the Women in Australia.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Slow vaccine rollout may prove to be a ‘positive’ for Australia’s economy | Sky News AustraliaSky News contributor Peter Switzer says the slow pace of the vaccine rollout may actually turn out to be a “positive” for the nation’s economy since the closed borders are forcing Australians to spend their money at home. \n\n“In many ways the opening of our borders is going to be a very important step forward for the economy,” he said.\n\n“You’ve got to remember, something like $65 billion is spent by Australians every year when they go overseas. That money is here and, in a sense, it’s creating a lot of stimulus for the economy. \n\n“We wouldn’t want this to go on forever.\n\n“I think the AstraZeneca problems on one hand have slowed up the opening of our economy, but on the other hand I guess the fact that our vaccination program’s so slow … it might prove to be a positive in the end”. \n Stupid comment. Grasping to support a useless Morrison. Clive Palmer slammed for letters spreading COVID-19 misinformation, Vaccine Concern Hmm: Norway delays AstraZeneca vaccine ruling to further probe risks Poll: Australia 26% say NO to Vaccine What money? Most pax are living on a very tight budget. Prices for everything just keeping going up. Disposable income is just not there any more...
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Scott Morrison rejects trip to explore family history was a 'double standard'Prime Minister Scott Morrison has denied his time in the UK was an act of double standards, despite him arguing Britain is too risky for Australian travellers. While Australia is under vaccinated and Melbourne has an outbreak. He's a disgrace. Disgusting.
Source: 9NewsAUS - 🏆 10. / 72 Read more »
Barnaby Joyce re-elected leader of the NationalsBarnaby Joyce has been elected leader of the Nationals in a tumultuous party spill that restores him to the position of Deputy Prime Minister after he prevailed against Michael McCormack | CroweDM CroweDM OMFG! auspol NatSpill Barnaby_Joyce CroweDM Congrats Barnaby CroweDM So Australia is led by a QAnon religious Climate denying nutjob & an adultering climate denying drunk. Banana republic here we come!
Source: smh - 🏆 6. / 80 Read more »