• Australian (ASX) Stock Market Forum

Hello and welcome to Aussie Stock Forums!

To gain full access you must register. Registration is free and takes only a few seconds to complete.

Already a member? Log in here.

Investment implications of Climate Change

Discussion in 'Business, Investment and Economics' started by SirRumpole, Sep 17, 2019.

  1. basilio

    basilio

    Posts:
    9,112
    Likes Received:
    2,203
    Joined:
    Jun 30, 2008
    I think that's called reality SP. In fact Munich Re has been stating the obvious for 30 plus years; CC will cause chaos in insurance markets becasue of

    1) Additional damage caused by extreme events
    2) Properties under risk of inundation as sea levels rise.

    Yep The Pope is a Catholic..:)
     
    Jack Aubrey likes this.
  2. sptrawler

    sptrawler

    Posts:
    14,726
    Likes Received:
    5,608
    Joined:
    Jul 3, 2009
    I wonder, IF the impending disaster is averted, will the insurance premiums be reversed.:rolleyes:
     
  3. Jack Aubrey

    Jack Aubrey Very inexperienced trader

    Posts:
    114
    Likes Received:
    238
    Joined:
    Aug 13, 2019
    I think the reinsurance/underwriting market is pretty competitive so, in theory, yes. The "problem" would be the interaction with local/State planning laws which may "sterilise" some areas for redevelopment (cf. New Orleans) leaving the owners and mortgage holders with stranded assets.

    As with any change, the current holders of potentially stranded assets will try to pass them on to a bigger fool before maximum losses accrue. In some cases that bigger fool will be the public purse.
     
    sptrawler likes this.
  4. qldfrog

    qldfrog

    Posts:
    5,415
    Likes Received:
    4,407
    Joined:
    Jun 8, 2008
  5. Knobby22

    Knobby22 Mmmmmm 2nd breakfast

    Posts:
    6,093
    Likes Received:
    1,572
    Joined:
    Oct 13, 2004
    Very true.

    And its a slow process over 80 years.

    The inundation e.g. of sections of Florida is occurring but is obvious to potential buyers.

    The bigger risk is buying a property on a cliff that is being eroded at 4 times the rate previously. I saw a show (English) where the owners were losing a meter of their property every year and were spending a fortune trying to slow it down with netting and foliage and tyres. They were shocked at how quickly it was eroding and feared they only had about three years left.... crying to the media to try to get the government to help by dropping boulders. They were obviously the bigger fool in this case.
    Not that case but good video. Go to about 40 seconds in.
     
    Last edited: Oct 23, 2019
    Jack Aubrey likes this.
  6. qldfrog

    qldfrog

    Posts:
    5,415
    Likes Received:
    4,407
    Joined:
    Jun 8, 2008
    Erosion does and did happen before global warming
    Same with flooded area etc
    You can go to Aighe Morte in France and visit the port where the crusaders left during the middle age
    You are 7km inland
    You do not need any global warming action to know canal estates on the gold coast will go under in the next 100y after a storm surge
    It is good if insurance companies take this into account, a bit weak to blame it on global warming but at least going the right way
     
    Jack Aubrey likes this.
  7. sptrawler

    sptrawler

    Posts:
    14,726
    Likes Received:
    5,608
    Joined:
    Jul 3, 2009
    ONE hundred million years ago, the bone-dry red heart of Australia was almost entirely covered, by a vast sea populated with strange prehistoric marine life. ... “Australia looked like an archipelago with land down the east and west,” Adelaide science writer Danielle Clode told news.com.augo


    Actually you can just go 300klm inland from Sydney.:D

    https://australianmuseum.net.au/learn/australia-over-time/fossils/sites/canowindra/

    From the article:
    The Canowindra fauna is a very rich Late Devonian fish fauna. All of the fossil specimens are preserved on a single bedding plane, part of an ancient fish community which had been trapped in a pool of water which dried up, killing the fish. Incoming sediments later buried these fishes quickly and quietly, with minor disturbance to the fish skeletons. The Canowindra site is listed as part of Australia's National Heritage because of its international scientific importance.
     
  8. macca

    macca

    Posts:
    1,031
    Likes Received:
    697
    Joined:
    Nov 30, 2005
    If you go to Mungo National Park in Western NSW, you can read all about the lake system that supported hundreds of aboriginal people in the last ice age.

    The lakes are now mainly dried out, what happened ?

    The NPWS state that the weather patterns that currently blow and flow along the Aussie Bight used to blow across Townsville Qld, consequently this area of NSW used to have the same weather pattern that Tassie has now

    Weather is always changing and farmers should use local records for guidance as to stock levels or plantings.

    I really believe that many farms are poorly managed, there are many examples of people changing their methods and achieving amazing results in a few years.

    Overstocking is rife and the refusal to adjust stock levels when dry periods start mean that many farmers lurch from feast to famine in a vicious cycle.

    Those companies that rely on the agricultural industries are subject to the vagaries of weather, so weather needs to be monitored for good seasons and bad seasons, jump in when it rains and lighten off when rain stops falling
     
    qldfrog and sptrawler like this.
  9. basilio

    basilio

    Posts:
    9,112
    Likes Received:
    2,203
    Joined:
    Jun 30, 2008
    qldfrog and Jack Aubrey like this.
  10. basilio

    basilio

    Posts:
    9,112
    Likes Received:
    2,203
    Joined:
    Jun 30, 2008
    Understand the Man from Miles Research

    Director
    David Miles is a motivated humanitarian who believes that humankind has been entrusted with a duty-of-care over all life on earth.


    David believes that in order to secure the majesty of Earth's safe future, its disparate nations, races, religions and industries must pursue a more balanced accord which transcends traditional human differences.


    Acknowledging that this will require the progressive displacement of general military armament manufacturing, David proposes the re-purposing of already-existing manufacturing facilities, to enable the high speed production of (a new order of) advanced agricultural systems.


    The goal: the enduring viability of planet Earth, as opposed to an apparent present mindless race towards its destruction.


    With this goal in mind David’s company Miles Research, backed by its shareholders and supporters, is trialling an innovative atmospheric weather programming technology for the agricultural industry.


    Miles Research has commenced the testing of a weather moderation system which, once established, will be capable of stabilising regional weather and optimising seasonal cropping through effectively 'smoothing' atmospheric behaviours.


    One of David’s objectives is the greening of Earth’s vast untapped dry-land regions.


    For further information please contact Miles Research - link.
     
    qldfrog and Jack Aubrey like this.
  11. Jack Aubrey

    Jack Aubrey Very inexperienced trader

    Posts:
    114
    Likes Received:
    238
    Joined:
    Aug 13, 2019
    Miles Research is a guaranteed 10 bagger. $15 ps by Xmas. Get in quick before BOOM! I have topped up at this price before the 708s get wind of this. Great management with heaps of experience changing the weather on many successful planets. But DYOR, not investment advice.

    sentiment: Buy disclosure: Held

    Oops, sorry, wrong stock forum! My bad.
     
    basilio and qldfrog like this.
  12. qldfrog

    qldfrog

    Posts:
    5,415
    Likes Received:
    4,407
    Joined:
    Jun 8, 2008
    any trend has its charlatans, GW just one extra trend to surf, I am semi seriously considering doing a business there based on the now widely accepted believe that co2 is the cause of CC
     
  13. Jack Aubrey

    Jack Aubrey Very inexperienced trader

    Posts:
    114
    Likes Received:
    238
    Joined:
    Aug 13, 2019
    I haven't assessed my own carbon footprint but I'm pretty sure I've reduced it significantly over the past ten years by ditching gas appliances and heating when I moved to an apartment (where my electricity and water bills are also less than half what they were.) Next step is an electric car.

    Maybe you could start a pet disposal service? Or even a trade-in service where people trade their big dog for a goldfish or guinea-pig. Issue a CO2 credit and quietly dispose of the big animal - the horse racing industry may have some tips.

    My brother (the feral) was an energy assessor for a while, advising people how to cut their bills (and CO2) by switching to energy efficient lighting, appliances etc. Money for jam really.
     
    SirRumpole likes this.
  14. SirRumpole

    SirRumpole

    Posts:
    14,046
    Likes Received:
    3,821
    Joined:
    Mar 26, 2014
    You would think that the general slowing of the world's economies have reduced GG emissions, but the hysteria seems to continue.

    I'm surprised that the extinction people haven't officially joined forces with the vegan people and demanded that all the cows be shot and replaced with brussel sprouts.
     
    Smurf1976 and qldfrog like this.
  15. Smurf1976

    Smurf1976

    Posts:
    10,900
    Likes Received:
    5,783
    Joined:
    Feb 14, 2005
    sptrawler likes this.
  16. sptrawler

    sptrawler

    Posts:
    14,726
    Likes Received:
    5,608
    Joined:
    Jul 3, 2009
    I just think people can't get their head around it, they just think stamping their feet feet and holding their breath will make it happen.
    I wonder if all the chanters would be happy, if ScoMo said, we are going to become completely carbon free by 2030, but there will be no welfare, electricity costs will triple and tax rates will double. I wonder how many would say put my name down for that.lol
     
    Skate likes this.
  17. qldfrog

    qldfrog

    Posts:
    5,415
    Likes Received:
    4,407
    Joined:
    Jun 8, 2008
    A majority ,, not paying tax already, will agree and elect labour, tax the 49pc denier bastards and increase welfare to compensate for electricity cost
    This is democracy
     
  18. Jack Aubrey

    Jack Aubrey Very inexperienced trader

    Posts:
    114
    Likes Received:
    238
    Joined:
    Aug 13, 2019
    The way this issue has become either/or is a real problem for Australia (and the US, where most of the more bizarre denialism comes from). We don't HAVE to decide whether it is happening or not, or whether human emissions are the primary or only cause or whether sea level rise is accelerating or not. If the world economy is changing, we need to react. Lower emissions are only one part of the story and there is nothing that says Australia has to out in front on that issue. As an exporter of carbon-intensive fuels, we have to seriously look at what our customers are doing (and NOT accept someone else's interpretation of that.) China and India are playing several games at once - gradually decarbonising while also driving a strong import-replacement backup policy for fossil fuels (look at Mongolian coal and gas reserves). China is also oversupplied with power at the moment and growth is slowing as they move from heavy to lighter industry and their population growth slows.

    Yes, the Greens and other extremes need to take a deep breath, stop grandstanding and blaming capitalism, but so too do the Sky News flunkies who seem to prefer political battle, kindergarten point-scoring, and feeding prejudice, to any form of rational analysis. There are so many win-wins in this space in terms of renewable technologies, battery metals, agricultural innovation, land management, and scientific services, that these divisive "policy" debates (fanned by Government and Opposition) are doing us a huge disservice.
     
  19. SirRumpole

    SirRumpole

    Posts:
    14,046
    Likes Received:
    3,821
    Joined:
    Mar 26, 2014
    I think our only hope is to elect a scientist as PM instead of failed ad men or ex union leaders.

    But I'm afraid scientists are too smart to join any political party currently existing.
     
    Smurf1976, sptrawler and Jack Aubrey like this.
  20. Smurf1976

    Smurf1976

    Posts:
    10,900
    Likes Received:
    5,783
    Joined:
    Feb 14, 2005
    These are the ones we ought to be focusing on here in my view.

    That's not dismissing the science or politics but we're on a stock market forum after all so focusing on the business opportunities being presented seems the rational approach to me.

    I'll also note that if someone can address the problem and make a profit, well then that's actually doing something to fix it which is more than all the politics etc has achieved thus far.

    So does anyone have thoughts as to practical ways to invest in this sort of thing? Specific companies and so on?
     
    sptrawler likes this.
Loading...

Share This Page