Brian and I have agreed to try running some posts as short conversation starters instead of the much longer posts we have both produced in the past.
This conversation post was prompted by “The climate change panic button is coming” by Allan Kohler. It looks at climate change from a financial risk perspective, in particular how the rising number and size of climate change disasters is making is making it harder and harder for the insurance industry to the point where more and more insurance will become unaffordable. Banks will not lend money to projects that cannot be insured.
This post asks you to discuss what might be done to avoid or survive a future of shrinking insurance, shrinking loans and a deteriorating environment.
Lock down hard or you’ll be stuck where you are until Christmas, NSW has been told by the Melbourne Burnet Institute, who did the modelling which helped Victoria escape its long lockdown in 2020.
Let me say at the outset that I agree with Professor Catherine Bennett, Deakin University’s Chair in Epidemiology, who said in an article in The Age that:
harsh measures like a nightly curfew and kilometre limit might not be required in NSW.
“I do think that the routes of transmission that they’re seeing in NSW should guide the interventions, not just putting things in place because they’ve been used elsewhere,” she said.
Less than three weeks later with all of Sydney plus some adjacent areas locked down, harder than before, new cases rose from 11 to over 100. The virus was winning in the community:
