Daily Bulletin

The Times Real Estate

.

  • Written by John Thwaites, Chair, Monash Sustainable Development Institute & ClimateWorks Australia, Monash University
The Conversation

Visiting drought-affected farmland in NSW last week, new PM Scott Morrison said he was not interested in considering the role of climate change on the drought because he was “practically interested in the policies that will address what is going on here, right now.”

A narrow focus on the short term is common in politics, but it won’t make the long-term problems go away. Drought and other issues like inequality, housing affordability, obesity and the loss of Australia’s rich natural heritage will only get worse.

The UN Sustainable Development Goals adopted by Australia and all nations in 2015 are a way to help countries focus on these longer-term challenges. They are a set of goals and targets for economic prosperity, social justice and environmental sustainability to be met by 2030.

In addition to governments, more and more businesses are now reporting on their progress towards these global goals, too.

How is Australia going?

This week, the National Sustainable Development Council with the Monash Sustainable Development Institute published the Transforming Australia: SDG Progress Report. It examines trends between 2000 and 2015 to assess whether Australia is on track to meet the 2030 targets.

The report highlights strong progress in health and education, but poor performance in addressing inequality, climate change and housing affordability. Of 144 indicators assessed across the 17 goals, 35% were on track, 41% needed improvement and 24% were off-track or deteriorating.

Read more: Australia falls further in rankings on progress towards UN Sustainable Development Goals

Despite some progress, the report found almost every goal has at least one target where an important indicator is off-track or will require a breakthrough to be achieved.

For example, income poverty in Australia has decreased since 2000. But a person on Newstart, who would have been near the poverty line in 2000, is now 25% below the poverty line due to the lower indexation rate for Newstart payments.

Life expectancy in Australia is among the highest in the world and has increased from 79.3 to 82.5 years between 2000 and 2015. Smoking rates and road traffic deaths have fallen dramatically, as well. However, Australia still has a high prevalence of lifestyle-related risks, such as obesity, and deaths due to road accidents in remote areas remain five times higher than in cities.

On the positive side, Australia is an increasingly educated society. The proportion of the working age (25-64) population holding tertiary qualifications increased markedly from 27.5% to 43.7% between 2000 and 2015, one of the highest percentage of tertiary qualifications in the world.

While Australian student performance on the Program for International Student Assessment (PISA) benchmark has been declining across science, maths and reading, Australian students perform very well as collaborative problem solvers – an increasingly important indicator for the jobs of the future. On the downside, investment in early childhood education and care remains low.

The report also highlights key challenges in achieving Australia’s economic goals, with relatively low investment in research and innovation, increasing underemployment and high levels of household debt.

While Australia has enjoyed a record period of economic growth and disposable incomes per capita grew strongly from 2000-2012, wage growth has stalled since then and cost of living pressures are now putting a strain on families.

Not there yet

Two persistent challenges identified in the report are continuing inequality and Australia’s poor performance on climate action and the environment.

Despite strong economic growth since 2000, Australia’s income inequality did not improve and wealth inequality got worse.

The glass ceiling remains firmly in place and structural inequalities continue to prevent women from reaching their potential. In 2017, just 11 women led ASX200 companies, while only 30% of Australian parliamentarians are female .

Read more: UN delivers strong rebuke to Australian government on women's rights

Meanwhile, the gender pay gap has barely narrowed in 20 years and women’s superannuation balances at retirement remain 42% below those of men. And the Closing the Gap report illustrates the vast inequality gulf between Indigenous and non-Indigenous Australians.

Of all the UN Sustainable Development Goals goals, taking urgent action to combat climate change is the area where Australia is most off track.

Greenhouse gas emissions, the highest per capita in the OECD, are roughly the same now as in 2000 and are projected to be even higher in 2030. We are nowhere near meeting even Australia’s modest Paris target of a 26% emissions reduction by 2030.

Are we ready for the future?

It is clear that Australia has a considerable way to go to achieve most of the UN Sustainable Development Goals and it will require a major change from business as usual.

Despite our history of strong economic growth, our children and grandchildren face the prospect of being worse off than we are unless we address inequality, climate change and cost of living pressures.

In an increasingly polarised political and media landscape, we should be looking to strengthen collaboration between government, business, social enterprise and society. To achieve the 2030 Sustainable Development Goals, we need to overcome the short-term focus that currently dominates our political landscape and work collectively if we are to achieve a “fair go” for the next generation.

This article is the first in a series looking at Australia’s progress toward meeting the UN Sustainable Development Goals, based on a report published by the Monash University Sustainable Development Institute.

Authors: John Thwaites, Chair, Monash Sustainable Development Institute & ClimateWorks Australia, Monash University

Read more http://theconversation.com/australias-un-report-card-making-progress-could-do-better-on-inequality-and-climate-102630

Business News

Insulation Solutions for Meeting Modern Industrial Standards

As global energy costs soar and environmental regulations tighten, industries face unprecedented pressure to optimise their operations while minimising their ecological footprint. Modern industrial ...

Daily Bulletin - avatar Daily Bulletin

How Australian Startups Should Responsibly Collect, Use and Store Customer Data?

Owing to the digital landscape, data is the most important currency in the market. From giant e-commerce sharks to small businesses, every company is investing heavily to responsibly collect data an...

Daily Bulletin - avatar Daily Bulletin

Revolutionising Connections - The Power of Customer Engagement Software

As time goes by, customer expectations keep on rising ever so rapidly. Businesses that must keep pace will need future-ready tools to deliver connectedness at every touchpoint. Customer engagement a...

Daily Bulletin - avatar Daily Bulletin

LayBy Deals