Pollution at top of PM’s ocean plan

Original article by Dennis Shanahan, Graham Lloyd
The Australian – Page: 1 & 4 : 26-Sep-19

Prime Minister Scott Morrison has told the United Nations’ General Assembly that problems such as plastics pollution and illegal fishing are a more "immediate threat" to the world’s oceans than climate change. Morrison argued that industry must take a leadership role in developing commercially sustainable ways of ensuring that plastics are recycled. His address to the UN has coincided with the release of a new report from the Intergovernmental Panel on Climate Change on global warming’s impact on sea levels.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, UNITED NATIONS. GENERAL ASSEMBLY, INTERGOVERNMENTAL PANEL ON CLIMATE CHANGE, AUSTRALIAN CONSERVATION FOUNDATION INCORPORATED, AUSTRALIAN NATIONAL UNIVERSITY, UNIVERSITY OF NEW SOUTH WALES, WORLD WIDE FUND FOR NATURE AUSTRALIA, PRATT INDUSTRIES (USA) INCORPORATED, MINDEROO FOUNDATION

Savings rate hit as banks brace for interest pain

Original article by Samantha Bailey
The Australian – Page: 17 & 27 : 26-Sep-19

Data from RateCity shows that ANZ, Westpac and ING are among the banks that have reduced their savings rates by up to 25 basis points in the last fortnight. RateCity also notes that the average savings rate is now 1.1 per cent; this compares with 1.57 per cent in May, prior to the Reserve Bank’s back-to-back official interest rate cuts. With the central bank widely tipped to ease monetary policy again in October, Credit Suisse estimates that banks’ at-call deposit rates would have to fall by about 51 basis points to offset the earnings impact of passing the full cash rate cut on to mortgage borrowers.

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RATECITY PTY LTD, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, WESTPAC BANKING CORPORATION – ASX WBC, ING BANK (AUSTRALIA) LIMITED, AMP BANK LIMITED, RESERVE BANK OF AUSTRALIA, CREDIT SUISSE (AUSTRALIA) LIMITED, MYSTATE LIMITED – ASX MYS, BANK OF QUEENSLAND LIMITED – ASX BOQ

Economists raise chances of QE

Original article by David Rogers
The Australian – Page: 17 & 27 : 26-Sep-19

UBS’s chief economist George Tharenou says there is a growing possibility that the Reserve Bank of Australia will have to resort to unconventional monetary policy options. He says the US Federal Reserve is likely to reduce official interest rates by another one per cent over the next year, as US economic growth slows due to the latest round of tariff hikes. This in turn will put pressure on the RBA to further ease monetary policy, and potentially resort to measures such as quantitative easing. Tharenou expects the RBA to reduce the cash rate to just 0.25 per cent by May 2020.

CORPORATES
RESERVE BANK OF AUSTRALIA, UBS HOLDINGS PTY LTD, UNITED STATES. FEDERAL RESERVE BOARD, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT

Forrest’s $300m war on plastic

Original article by Jacob Greber
The Australian Financial Review – Page: 1 & 4 : 26-Sep-19

Australian iron ore magnate Andrew Forrest has revealed a proposal to reduce global plastic waste by imposing a levy on plastics manufacturers. Forrest says the levy would initially raise about $US20bn a year, which could potentially increase to $US100bn, and the proceeds would be used to encourage the plastics industry to collect waste products and convert them back into polymer resin for reuse. Forrest’s Minderoo Foundation will invest some $US300m ($442m) in the initiative. Forrest says plastics are the biggest threat to the world’s oceans.

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MINDEROO FOUNDATION, FORTESCUE METALS GROUP LIMITED – ASX FMG, UNITED NATIONS. GENERAL ASSEMBLY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, ELLEN MacARTHUR FOUNDATION, UNIVERSITY OF WESTERN AUSTRALIA

Confessions of a climate scientist: The global warming hypothesis is an unproven hypothesis by Dr. Mototaka Nakamura

Confessions of a climate scientist: The global warming hypothesis is an unproven hypothesis. By Dr Mototaka Nakamura

Climate Change.png

The temperature forecasting models trying to deal with the intractable complexities of the climate are no better than “toys” or “Mickey Mouse mockeries” of the real world.

The IPCC in its third report (2001) conceded (emphasis added):

In climate research and modelling, we should recognize that we are dealing with a coupled non-linear chaotic system, and therefore that the long-term prediction of future climate states is not possible. (Chapter 14, Section 14.2.2.2.)

The global surface mean temperature-change data no longer have any scientific value and are nothing more than a propaganda tool to the public.

Climate models are useful tools for academic studies, however the models just become useless pieces of junk or worse (worse in a sense that they can produce gravely misleading output) when they are used for climate forecasting. These models completely lack some critically important  climate processes and feedbacks, and represent some other critically important climate processes and feedbacks in grossly distorted manners to the extent that makes these models totally useless for any meaningful climate prediction.

I myself used to use climate simulation models for scientific studies, not for predictions, and learned about their problems and limitations in the process.

…so I know the workings of these models very well … For better or worse I have more or less lost interest in the climate science and am not thrilled to spend so much of my time and energy in this kind of writing beyond the point that satisfies my own sense of obligation to the US and Japanese taxpayers who financially supported my higher education and spontaneous and free research activity. So please expect this to be the only writing of this sort coming from me.

I am confident that some honest and courageous, true climate scientists will continue to publicly point out the fraudulent claims made by the mainstream climate science community in English. I regret to say this but I am also confident that docile and/or incompetent Japanese climate researchers will remain silent until the ‘mainstream climate science community’ changes its tone, if ever.

Climate forecasting is simply impossible, if only because future changes in solar energy output are unknowable.  As to the impacts of human-caused CO2, they can’t be judged with the knowledge and technology we currently possess.

Other gross model simplifications include:

  • Ignorance about large and small-scale ocean dynamics
  • A complete lack of meaningful representations of aerosol changes that generate clouds.
  • Lack of understanding of drivers of ice-albedo (reflectivity) feedbacks: “Without a reasonably accurate representation, it is impossible to make any meaningful predictions of climate variations and changes in the middle and high latitudes and thus the entire planet.”
  • Inability to deal with water vapor elements
  • Arbitrary “tunings” (fudges) of key parameters that are not understood

I want to point out a simple fact that it is impossible to correctly predict even the sense or direction of a change of a system when the prediction tool lacks and/or grossly distorts important non-linear processes, feedbacks in particular, that are present in the actual system.

The real or realistically-simulated climate system is far more complex than an absurdly simple system simulated by the toys that have been used for climate predictions to date, and will be insurmountably difficult for those naïve climate researchers who have zero or very limited understanding of geophysical fluid dynamics. The dynamics of the atmosphere and oceans are absolutely critical facets of the climate system if one hopes to ever make any meaningful prediction of climate variation.

Solar input, absurdly, is modelled as a “never changing quantity”. It has only been several decades since we acquired an ability to accurately monitor the incoming solar energy. In these several decades only, it has varied by one to two watts per square metre. Is it reasonable to assume that it will not vary any more than that in the next hundred years or longer for forecasting purposes? I would say, No.

Good modelling of oceans is crucial, as the slow ocean currents are transporting vast amounts of heat around the globe, making the minor atmospheric heat storage changes almost irrelevant. For example, the Gulf Stream has kept western Eurasia warm for centuries. On time scales of more than a few years, it plays a far more important role on climate than atmospheric changes. It is absolutely vital for any meaningful climate prediction to be made with a reasonably accurate representation of the state and actions of the oceans. In real oceans rather than modelled ones, just like in the atmosphere, the smaller-scale flows often tend to counteract the effects of the larger-scale flows.

The models result in a grotesque distortion of the mixing and transport of momentum, heat and salt, thereby making the behaviour of the climate simulation models utterly unrealistic.

Proper ocean modelling would require a tenfold improvement in spatial resolution and a vast increase in computing power, probably requiring quantum computers. If or when quantum computers can reproduce the small-scale interactions, the researchers will remain out of their depth because of their traditional simplifying of conditions.

The models are ‘tuned’ by tinkering around with values of various parameters until the best compromise is obtained. I used to do it myself. It is a necessary and unavoidable procedure and not a problem so long as the user is aware of its ramifications and is honest about it. But it is a serious and fatal flaw if it is used for climate forecasting/prediction purposes.

One set of fudges involves clouds.

Ad hoc representation of clouds may be the greatest source of uncertainty in climate prediction. A profound fact is that only a very small change, so small that it cannot be measured accurately…in the global cloud characteristics can completely offset the warming effect of the doubled atmospheric CO2.

Two such characteristics are an increase in cloud area and a decrease in the average size of cloud particles.

Accurate simulation of cloud is simply impossible in climate models since it requires calculations of processes at scales smaller than 1mm.” Instead, the modellers put in their own cloud parameters. Anyone studying real cloud formation and then the treatment in climate models would be flabbergasted by the perfunctory treatment of clouds in the models.

In tuning some parameters, other aspects of the model have to become extremely distorted. A large part of the forecast global warming is attributed to water vapor changes, not CO2 changes. But the fact is this: all climate simulation models perform poorly in reproducing the atmospheric water vapor and its radiative forcing observed in the current climate. They have only a few parameters that can be used to ‘tune’ the performance of the models and (are) utterly unrealistic. Positive water vapor feedbacks from CO2 increases are artificially enforced by the modellers. They neglect other reverse feedbacks in the real world, and hence they exaggerate forecast warming.

The supposed measuring of global average temperatures from 1890 has been based on thermometer readouts barely covering 5 per cent of the globe until the satellite era began 40-50 years ago. We do not know how global climate has changed in the past century, all we know is some limited regional climate changes, such as in Europe, North America and parts of Asia.  This makes meaningless the Paris targets of 1.5degC or 2degC above pre-industrial levels.

Modellers are merely trying to construct narratives that justify the use of these models for climate predictions.

The take-home message is that all climate simulation models, even those with the best parametric representation scheme for convective motions and clouds, suffer from a very large degree of arbitrariness in the representation of processes that determine the atmospheric water vapor and cloud fields. Since the climate models are tuned arbitrarily …there is no reason to trust their predictions/forecasts.

With values of parameters that are supposed to represent many complex processes being held constant, many nonlinear processes in the real climate system are absent or grossly distorted in the models. It is a delusion to believe that simulation models that lack important nonlinear processes in the real climate system can predict (even) the sense or direction of the climate change correctly.

Dr Mototaka Nakamura
Visiting Associate Researcher (FRCGC Research Scientist) http://iprc.soest.hawaii.edu/people/nakamura.php

Telcos cop fewer complaints but take longer to solve them

Original article by Supratim Adhikari
The Australian – Page: 20 : 25-Sep-19

Data from the Telecommunications Industry Ombudsman shows that it received 132,387 complaints about telephone and internet services in 2018-19, which is 21.1 per cent lower than previously. The figures also show that just 47 per cent of escalated complaints were not resolved within 60 days, compared with 77 per cent in 2017-18. Meanwhile, 32.6 per cent of complaints received by the TIO were about fixed-line broadband services, while 30.3 per cent concerned mobile phone services.

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TELECOMMUNICATIONS INDUSTRY OMBUDSMAN LIMITED, TELSTRA CORPORATION LIMITED – ASX TLS

Government’s anti-union bill retrospective

Original article by David Marin-Guzman
The Australian Financial Review – Page: 15 : 25-Sep-19

ACTU president Michele O’Neil has told a Senate inquiry that some provisions of the federal government’s Ensuring Integrity Bill are retrospective. She says the requirement that a court must be satisfied that the deregistration of a union or the disqualification of an official is unjust would allow the court to take into account industrial breaches that occurred before the legislation took effect. This would have implications for the Construction, Forestry, Maritime, Mining & Energy Union, which has a long history of breaching workplace laws.

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ACTU, CONSTRUCTION, FORESTRY, MARITIME, MINING AND ENERGY UNION OF AUSTRALIA, THE AUSTRALIAN INDUSTRY GROUP

Low rates to push older people into casual work

Original article by Robert Gottliebsen
The Australian – Page: 25 : 25-Sep-19

Record low interest rates are having a direct impact on the Australian labour market, by forcing older people to delay retirement and remain in full-time work for longer than they had intended. This is in turn reducing the employment opportunities for younger Australians, forcing many of them to take up casual roles or jobs in the ‘gig’ economy. Economist Callam Pickering notes that the proportion of younger workers who are underemployed has increased from about 11 per cent in 2008 to nearly 18 per cent. The trend for older people to continue working full-time is also dampening wages growth, as their priority is continuity of income rather than pay rises.

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RESERVE BANK OF AUSTRALIA

Sector in race to zero emissions by 2050

Original article by Liz Main
The Australian Financial Review – Page: 40 : 25-Sep-19

New research has examined how committed Australian property groups are to becoming carbon neutral. The report, which was produced by Monash University and ClimateWorks Australia, shows that 47.5 per cent of property groups are taking measures to achieve the 2050 target of net zero emissions. However, the report notes that some companies are excluding indirect emissions, such as those generated by tenants of their buildings. Meanwhile, several listed groups have set a net zero emissions target of 2030.

CORPORATES
MONASH UNIVERSITY, CLIMATEWORKS PTY LTD, DEXUS – ASX DXS, MIRVAC GROUP – ASX MGR, GPT GROUP – ASX GPT, VIVA ENERGY REIT – ASX VVR, TOGA PTY LTD

RBA chief ready to cut rates again

Original article by Adam Creighton
The Australian – Page: 1 & 6 : 25-Sep-19

Reserve Bank of Australia governor Philip Lowe has signalled that the central bank is prepared to further reduce the cash rate if necessary. He has cited factors such as the downward trend in global interest rates and a ‘surprise’ slowdown in the domestic economy, which grew by just 1.4 per cent in the year to June. Lowe’s speech in regional New South Wales has heightened speculation that the RBA will reduce the cash rate to a new low of 0.75 per cent in October. George Tharenou of UBS expects the cash rate to fall to just 0.25 per cent by May.

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RESERVE BANK OF AUSTRALIA, UBS HOLDINGS PTY LTD, ARMIDALE BUSINESS CHAMBER, UNITED STATES. FEDERAL RESERVE BOARD, EUROPEAN CENTRAL BANK, AUSTRALIAN LABOR PARTY