Climate change in Australia: A continent on the brink

Climate change is a major issue globally. Let’s take a deeper look and see the effects in Australia. The continent is becoming increasingly hotter, and will experience more extreme heat causing intense drought and extensive coral damage in the world's largest reef system, The Great Barrier Reef. The effects are devastating.

Sasja Beslik from Nordea Group Sustainable Finance has visited Australia to witness the current consequences of climate change.

– We have to find a way to channel capital into solutions and not invest capital into something that is destroying this planet, says Sasja Beslik, Head of Group Sustainable Finance at Nordea.

Watch the eye-opening and disturbing mini-documentary here:


Sasja Beslik, Head of Group Sustainable Finance at Nordea, travelled to Australia to have a close look at the damages caused by climate change.

Extreme heat in Australia is wiping us out

Australia is today’s example of how extreme weather caused climate change will impact the rest of the world in the near future. The livelihoods of many Australians are threatened by the extreme weather, and the nature is being destroyed at an alarming pace.

Australia is one of the most vulnerable nations to climate change due to its hot, dry climate and is already gripped by drought.

Australia continues to mine for fossil fuels as nothing is wrong. In fact, Australia is now overtaking Indonesia as the world’s biggest exporter of coal. More than any other country, Australia is leading the world in the destruction of coral reefs – and that includes the Great Barrier Reef.

– To me who has been diving for 50 years on this reef, it looks like a graveyard, says Dr. Charlie Veron, the world’s leading expert on coral reefs, and also referred to as the godfather of coral.

The current energy production is fuelling not only one problem

Australia’s vast production of coal leads to massive CO2 emissions. PhD researcher on Climate & Energy Dylan McConnell gives us a picture of the proportion:

– We have enough brown coal to last 500 years of current energy production, he says.

It is clear that this is causing a tremendous problem for global warming and climate change. Political action is needed to back up a transition from coal mining to sustainable energy solutions. While the effects are visible already and increasing in a fast speed the time horizon for transformation of the energy production is not that clear.

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