The ongoing cost of the bushfires will have long-lasting impacts on the NSW economy, a report has found.CREDIT:NICK MOIR
FROM the Comments … reference to an article in the Guardian …
Chinese ministry of environment statement that announced in order to prevent the virus from being spread via human excrement and waste water, they will monitor waste water from hospitals.
‘It’s all well and good to drink recycled water until someone forgets to add enough chlorine or whatever. Or someday something doesn’t actually get killed by it or is too small to be filtered out. Then there is the effect of tiny quantities of excreted drugs that form cocktails that you take in over years.’
COMMONSENSE would dictate … wouldn’t it … that rather than precipitate even more major health issues like that of a number of Flu viral illnesses, MERS, SARS and now CoronaVirus that we anticipate and act accordingly … stop with the HT Housing Ponzi, the high immigration and visa manipulation population explosion …
Medical workers hold a strike near Queen Elizabeth Hospital, demanding Hong Kong close its border with China to reduce the coronavirus spreading. Photograph: Tyrone Siu/Reuters
Moody’s: “Water stress” Sydney’s biggest threat
By Leith van Onselen in Australian Economy, Immigration
February 3, 2020 | 6 comments
With Sydney’s water storages shrinking at a rate that is 50% faster than the Millennium Drought, and with storages at just 42.1%:
Moody’s has warned that “water stress” will be the biggest threat facing Sydney by 2030:
The ratings agency Moody’s is warning that NSW faces significant pressures on its budget as it grapples with climate change and increasingly severe droughts and bushfires.
*Moody’s also warns that “water-related stress” will be the most significant issue for Sydney by 2030, with “large scale infrastructure investment” needed to ensure the city has enough water…
“In addition to hindering agricultural production, the prolonged drought is also exacerbating future water stress risk in Greater Sydney – an area that accounts for a growing share of NSW’s overall economy.
“We currently consider water stress to pose the greatest risk to this part of NSW over the longer term.”
*It is important to note that the key reason why Sydney’s water supply is falling faster than the Millennium Drought is because the city’s population has ballooned by one million people (20%) since that drought ended in 2006.
Obviously, with Sydney’s population officially projected to increase by 1,700 people every week over the next half century, all due to mass immigration. And with Sydney’s population projected to almost double to 9.7 million by 2066:
Water shortages will become an increasing problem for Sydney, even before accounting for reduced rainfall and increased evapotranspiration rates from climate change.
This immigration-driven population explosion will necessarily require a battery of energy-hungry desalination plants to be built along Sydney’s coast. And given desalinated water is around four times as expensive as traditional dam water:
These desalination plants will necessarily mean that household water bills will rise dramatically, which will adversely impact lower income households in particular.
Don’t just take my word for it. Modelling by Infrastructure Australia in 2017 projected that household water bills would more than quadruple in real terms because of population growth and climate change, rising from $1,226 in 2017 to $6,000 in 2067. The report also warned that “the impact of these changes on household affordability could be substantial… and could lead to significant hardship”:
Here is another textbook example of how the mass immigration ‘Big Australia’ policy is wrecking living standards for the working class, as well as threatening Australia’s water security.
Cut immigration.
Leith Van Onselen
Leith van Onselen is Chief Economist at the MB Fund and MB Super. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
Low water levels at NSW’s Warragamba Dam. Picture: Toby Zerna ‘Water stress a looming test for NSW credit rating: Moody’s’; The Australian
SOURCE: https://www.macrobusiness.com.au/2020/02/moodys-water-stress-is-sydneys-biggest-threat/#comments
COMMUNITY ACTION ALLIANCE FOR NSW (CAAN): HOUSING INEQUALITY WITH AUSSIES LOCKED OUT! 