Letters: Sustainability fix needs action

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Letters: Sustainability fix needs action
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  • 📰 FinancialReview
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State of the Environment Report and climate action, skills shortages and migration, ANZ bid for Suncorp, CSIRO and nuclear energy.

”, July 19). Unfortunately, the proposed solutions are all too familiar from prior failures.

Since the first Earth Day in 1970, Australia’s population and real GDP per capita have more than doubled. Damning public inquiries and apocalyptic reports point to unsustainability in the environment, health, economy and other sectors.Australia’s emissions are not the problem If you think you are angry at someone blocking your way to work, then wait until you start to run out of food, water or breathable air.Apparently 43 per cent emissions reduction by 2030 is a “floor, not a ceiling”, but it won’t be increased. Quite how having a target on the floor is ambitious is anyone’s guess.We need nothing short of a wholesale transformation, and it must start now. Labor must confront vested fossil fuel interests and get on with the hard task of doing the right thing.

Put simply, this challenge cannot be solved by migration and training alone. The silver bullet is productivity.Other industries have lunged forward with the emergence of digital tools, while the construction industry has become 25 per cent less productive over the past 30 years. The market power is evident in the recent interest rate rises. No one needed to tell the big banks they could each increase lending rates but did not have to worry at all about depositors who generally have nowhere to go.

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