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Showing 1 - 10 of 82 results for "GDP"

Australian housing crisis escalates as affordability worsens

ANDREW MCKEAN  |  MONDAY, 8 APR 2024  |  NEWS
... Australia's (RBA) rate hikes last year, with a backdrop of a continuing population boom, UBS has slightly increased its GDP growth forecast. UBS projects a year-over-year GDP growth of 1.6% for 2024, up from the initial 1.5%, and an increase to 2.2% ...

Key sector could boost economy by $100 billion

ROSE MARY PETRASS  |  FRIDAY, 22 MAR 2024  |  NEWS
... chronically overlooked and underfunded, the nation's STEM association says. By investing 3% of the nation's $1.5 trillion GDP - that is, $45 billion in universities, research institutions, and innovative businesses, the economy would be bolstered ...

Investors push for nature in climate plans

ROSE MARY PETRASS  |  TUESDAY, 6 FEB 2024  |  NEWS
... bridging conceptual gaps. "Climate change... surpasses land use change as a threat to nature," O'Grady said. "Half of global GDP is moderately or highly dependent on nature." "It's one thing to measure, and it's another thing to act on it... Does it ...

VC initiative to catalyse AgTech for climate solutions

RACHEL ALEMBAKIS  |  MONDAY, 15 JAN 2024  |  NEWS
... agriculture," Archibald said. The most recent drought on the Eastern Seaboard (2017-2022) saw a 30% per cent fall in on farm GDP, Beanstalk said, citing Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) figures. "In terms ...

Report reveals progress on green finance

ROSE MARY PETRASS  |  WEDNESDAY, 10 JAN 2024  |  NEWS
... regulation and supervision activities. The tracker analysed data from 47 jurisdictions which represent over 88% of the world's GDP and 72% of global GHG emissions. Notable progress has been made on central banks and pension funds' integration of biodiversity ...

COP28: Countries tackle coal as President claims "no science" behind phase-out

ROSE MARY PETRASS  |  MONDAY, 4 DEC 2023  |  NEWS
... needed in the next decade to achieve net zero by 2030. Of the US$41 trillion gap, roughly 43%is in Asia. This represents 3% of GDP per annum for the US and many EU countries - and 15% in some Asian nations. This uneven investment burden is a significant ...

Net zero roadmap shifts public service spending to green

RACHEL ALEMBAKIS  |  THURSDAY, 30 NOV 2023  |  NEWS
... information from suppliers when making procurement decisions. Government spending is projected to grow by 3.8 percentage points of GDP from 24.8% per cent in 2022-23 to 28.6% in 2062-63, according to Secretary to the Treasury Steven Kennedy, thus changes ...

Preparing for COP28: nature and climate integration

ROSE MARY PETRASS  |  TUESDAY, 14 NOV 2023  |  NEWS
... successful outcome for Australia's bid for COP hinges on a proactive response to the biodiversity crisis. Over half of global GDP relies moderately or highly on natural capital and ecosystem services. And in Australia, industries like agriculture ...

NGFS introduces "too-little-too-late" climate scenario

ROSE MARY PETRASS  |  MONDAY, 13 NOV 2023  |  NEWS
... has released updated long-term macro-financial scenarios for forward-looking climate risk assessments, based on the latest GDP and population pathways and the most recent country-level climate commitments. They also reflect policy delays and the energy ...

Renewables set to dominate by 2040

ROSE MARY PETRASS  |  THURSDAY, 26 OCT 2023  |  NEWS
... total energy investments are set to increase from US$1.5 to US$2-3.2 trillion, while investment levels as a proportion of GDP will remain relatively stable. Decarbonisation technologies are tipped to grow 6-11% per year, mainly driven by EV and carbon ...
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