For Friday 3 July 2020 provided by Ecoprofit.com.au (#letsfindsolutions)
News for green investors and organisations, stock watch & grant opportunities
New research shows the South Pole has warmed three times faster than the rest of the planet in the last 30 years due to warmer tropical ocean temperatures. Antarctica’s temperature varies widely according to season and region, and for years it had been thought that the South Pole had stayed cool even as the continent heated up.
Researchers in New Zealand, Britain and the United States analyzed 60 years of weather station data and used computer modelling to show what was causing the accelerated warming. They found that?warmer ocean temperatures?in the western Pacific had over the decades lowered?atmospheric pressure?over the Weddell Sea in the southern Atlantic. This in turn had increased the flow of warm air directly over the South Pole?warming it by more than 1.83C since 1989.
Authors of the research said the natural warming trend was likely boosted by humanmade?greenhouse gas emissions?and could be masking the heating effect of carbon pollution over the South Pole. “While temperatures were known to be warming across West Antarctica and the Antarctic Peninsula during the 20th century, the South Pole was cooling,” said Kyle Clem, a researcher at Victoria University of Wellington, and lead study author. He said “It was suspected that this part of Antarctica might be immune to/isolated from warming. We found this is not the case anymore.”
The data showed that the South Pole?the most remote spot on Earth?was now warming at a rate of around 0.6C a decade, compared with around 0.2C for the rest of the planet. The authors of the study, published in the?Nature Climate Change?journal, attributed the change to a phenomenon known as the Interdecadal Pacific Oscillation (IPO).
The IPO cycle lasts roughly 15-30 years, and alternates between a “positive” state?in which the tropical Pacific is hotter and the northern Pacific is colder than average?and a “negative” state where the temperature anomaly is reversed. The IPO flipped to a negative cycle at the start of the century, driving greater convection and more pressure extremes at?high altitudes, leading to a strong flow of warmer air right over the South Pole.
Clem said that the 1.83C level of warming exceeded 99.99 percent of all modelled 30-year warming trends. “While the warming was just within the natural variability of climate models, it was highly likely human activity had contributed,” he said.
Grants/Subsidies/Funding/Tax ? 2020 property claims and the taxman ? Part 1
Launching a crackdown on dodgy claims, the Commissioner of Taxation recently flagged that in a series of random audits of investment property owners, tax office checkers found errors in almost nine out of 10 returns reviewed.
So, property owners can expect their returns to be closely scrutinised this year, meaning it?s never been more important to get professional help to weed out claims that won?t stack up ? as well as making sure that you have actually claimed for everything that?s legitimate.
So, if you own an investment property, what are the main pitfalls that can land you in trouble with the taxman?
The ATO pays close attention to excessive interest expense claims, such as where property owners have tried to claim borrowing costs on the family home as well as their rental property.
It also looks closely at the incorrect split of rental income and expenses between owners, such as where deductions on a jointly owned property are claimed by the owner with the higher taxable income, rather than a straight 50:50 split.
The ATO looks closely for evidence that investment properties are not genuinely available for rent. It?s essential that you only claim deductions for the periods the property is rented out or is genuinely available for rent.
You can?t claim if you?re using the property yourself. This is particularly important for holiday homes, where the ATO regularly finds evidence of homeowners claiming deductions for their holiday pad on the grounds that it is being rented out, when in reality the only people using it are the owners, their family and friends, often rent-free.
Recently, the ATO issued a list of four questions holiday-homeowners should be asking themselves. Consider your answers to these to determine if you have anything to be concerned about:
How do you advertise your rental property? If your property is advertised on a widely seen online site, that?s a good indication that the property is available for rent. If your only form of marketing is a tatty card in your front door window, you might need to be concerned.
What location and condition is your rental property in??If your property is in good repair, tenants will want to rent it. If it?s a hovel, chances are tenants will give your property a wide berth, particularly if you are charging rent that?s on a par with much more desirable rentals in the same area.
Do you have reasonable conditions for renting the property and charge market rate?If you set conditions that will deter a reasonable potential tenant ? such as rent significantly above market rates or clauses such as ?no children? ? your property may not be regarded as genuinely available for rent.
Do you accept interested tenants, unless you have a good reason not to? If you?re unreasonably fussy about who you rent to, the ATO might conclude that you don?t really want to rent to anybody and that your property isn?t actually available for rent.
What can my business do to fight the carbon war?
There is a carbon war in progress and humankind is losing. Climate change risk for organisations is rising quickly. For organisations, to adapt to and mitigate against climate change, they need to be equipped with the right practical knowledge. Carbon Training International (CTI) offers courses that give clear direction to achieve the best outcomes.
The editor of this newsletter facilitates webinar courses on behalf of Carbon Training International. The courses include Carbon Offsetting, Carbon Accounting, Applied Energy Efficiency, Reducing Fleet Emissions and Strategic Carbon Management.
You can easily enrol in one of CTI?s online webinar courses at https://co2ti.com/. Just choose your preferred course and course start date. Extra course dates can be arranged.
The good news: the more an organisation reduces its carbon emissions the more profit it makes.
Eco-tip for the day ? Plant a Garden
Whether you live in a house or an apartment, planting some greens is a quick and easy way to reduce your carbon footprint. We all know plants absorb carbon dioxide ? an appropriate relationship for humans, that we should all be seeking to nurture. Plant some bee-friendly flowers, a few trees, or a vegetable garden. Balcony gardens are great for urban accommodations.
Cities often need to reduce the ?urban heat island? effect ? basically, cities tend to be hotter than rural areas because of vast walkway areas, concrete buildings, and increased human activity. Creating more spaces for plants, grasses, and trees can mitigate this effect and lead to better cooling, which will be a necessity with worsening climate change. Help avoid the ?heat island? effect by planting trees for shade, or maybe try a green roof or community garden. By planting a tree you can reduce your carbon footprint.
Share watch ? BetaShares Global Sustainability Leaders ETF?(ASX:ETHI)
BetaShares is an ETF which is an open-ended investment fund, similar to a traditional managed fund, that is traded on the ASX ? just like any share. ETFs aim is to closely track the performance of a given index or asset class and provide the returns of that index or asset class ? less any fees. It is owned and managed by its Australian-based management team along with a strategic shareholding from Mirae Asset Global Investment Group, one of Asia?s largest asset management firms.
From its website: ?BetaShares? philosophy is to create intelligent investment solutions that broaden the investment possibilities for investors. As an Australian born and managed firm, with 3 office locations around Australia, we think deeply about factors affecting Australian investors. Our local focus allows us to bring innovative products to market that are specifically designed for Australian investors, rather than simply replicating existing overseas products?.
BetaShares is invested in around 200 international climate change leaders (as measured by their relative carbon efficiency) and they ?are not materially engaged in activities deemed inconsistent with responsible investment considerations?. As at 30 April 2020, BetaShares manages over $10.5 billion in assets.
Its top 10 exposures are: Apple, Mastercard, Visa, Nvidia, Home Depot, Adobe, Paypal, Toyota, Netflix and ASML. It has excluded some of the biggest businesses in the world like Facebook, Alphabet and Microsoft. However, the returns of BetaShares haven?t been hampered by the lack of those big names. At the end of May 2020 it had returned 33% over the prior 12 months. Over the past three years it had returned 19.75% per annum. Since inception in January 2017 it had returned 21.2% per annum.
The graph shows the share price history since 2017.
The VIX fear gauge has moved in the right direction, down 4.20 points since last Tuesday EST to 27.68.
The Dow Jones Industrial Average up since last Tuesday EST by 231.56 points or 0.90% to 25,827.36 the STOXX 600 up 8.85 points or 2.46% to 368.71 and the Shanghai Composite index up 179.67 points or 6.04% to 3,152.81.
Gold up to 1,786.20. US 10-year Treasury Bonds on 0.673 and oil up to 40.12. Cryptos Bitcoin down 65.67 points since last Tuesday or 0.72% to 9,110.55.
ASX 200 up 164.40 points or 2.79% since last Tuesday to 6,057.90. The Aussie dollar on 69.39US cents.
Eco Market Spot Prices
Sources:?RenewEconomy, demandmanager,? Reuters, SMH, Market Watch, Forbes