Blogotariat

China (31.5% of total), the United States (13.0% of total) and India (8.1% of total) are the world’s three largest carbon emitters. In 2023, these three nations accounted for more than half (52.6%) of the world’s carbon emissions. As illustrated above, China and India are rapidly growing their emissions while the developed world is cutting

The post Should Australia abandon net zero? appeared first on MacroBusiness.

As we know, Australian industry has been dying for decades. So much so that we leading the OCED into industrial oblivion. Now, the death of Australian industry is at hand. Bloomberg. Near the Indonesian city of Surakarta, a one-time royal capital on the island of Java that’s long been known for producing elaborate fabrics, dozens

The post The death of Australian industry is at hand appeared first on MacroBusiness.

A very mixed session across Asian stock markets despite a rebound on Wall Street overnight with steady Chinese interest rates not lifting stocks in the Middle Kingdom as expected while local stocks ending up higher on the latest unemployment numberwang print. The USD is trying to fight back as it remains weak against Euro and

The post Macro Afternoon appeared first on MacroBusiness.

Billion dollar finding against Greenpeace has implications for green groups in Australia who are also being targeted by fossil fuel companies

The Reserve Bank of New Zealand has cut the official cash rate by 1.75% to 3.75% over the past six months. New Zealand’s gross domestic product (GDP) rose 0.7% in the Q4 2024 quarter, following a 1.1% decrease in the Q3 2024 quarter, according to figures released by Stats NZ on Tuesday. The result was

The post Reserve Bank pulls economy out of recession appeared first on MacroBusiness.

Emmanuel Macron announced an increase in military spending on Wednesday evening, specifying that it would not be financed by tax increases and by preparing the French for further budget cuts. Mobilizing savings is reportedly under consideration. For its part, the left is arguing, on the contrary, for the wealthiest to contribute.

Financing Future Military Spending: A New Political Confrontation Ahead

Deloitte Access Economics has forecast that the federal budget will spend $99 billion off-budget over the next four years, with off-budget spending referring to when governments label spending as an investment rather than an expense. Deloitte Access Economics’ prediction represents a $10 billion increase on the December Mid-Year Economic and Fiscal Outlook (MYEFO), due to

The post Labor hides federal budget deficits appeared first on MacroBusiness.

Plans to install up to 6GW of wind and solar to produce green ammonia in W.A. have had a nip and tuck, and won massive federal government production incentives.

Last week, NSW Treasurer Daniel Mookhey pushed back against caps on international students, claiming such students are “economic assets to be treasured, not as a problem to be capped”. Mookhey’s comments came as his state grapples with an unprecedented rental crisis. Sydney’s rents have exploded since the international border was reopened in late 2021, which

The post NSW Treasurer insults the homeless appeared first on MacroBusiness.

Steel prices are in free fall as tariffs mount. The iron ore jaws are wide. Macquarie has thrown in the towel now. Macquarie, a global financial services group, predicted the seaborne iron ore market will be in surplus by about 50 million tons this year as China is likely to cut steel production. If steel

The post Iron ore buckling appeared first on MacroBusiness.

I sent a manuscript off yesterday, which was good, and I would’ve liked to have swung into another one today. Probably the edits on the last of the Cruel Stars novels. But I have an army of tradesmen heading my way. Some of it is cyclone-related. Guys coming out to do insurance work. And some of it is just kitchen maintenance. We’re replacing the oven after 20 years and the dishwasher after 5 or 6, which seems to be about as long as a dishwasher lasts these days. So I'm in my office downstairs, but I've got one ear trained on the front gate. And I don't think this is going to be my most productive day ever.