Everlution Newsletter

For Tuesday 8 September 2020 provided by Ecoprofit.com.au (#letsfindsolutions)

News for green investors and organisations, stock watch & grant opportunities

The Majority of Western Society Doesn?t Get it

The?M?ori?worldview, te ao M?ori, acknowledges the interconnectedness and interrelationship of all living & non-living things. There are parallels to Australia?s Indigenous Peoples connection to land or the animism of the Indigenous Peoples of America.

Humans en masse are changing the world?s environment, but should we, as a species, consider incorporating the te ao Maori into all economical decision making?

Last month, New Zealand?s Auckland Council adopted a unique plan for tackling climate change centred on cutting transport emissions, retrofitting buildings and transitioning to a clean energy system.

Similar to the majority of action plans rapidly emerging as the stakes of climate change progress faster than predicted, it will take a monumental shift in thinking and a hefty financial commitment from both the council and central government.

It sets out a roadmap to reducing emissions to net zero by 2050. It has also taken the extra step with an ambitious interim reduction target of 50 per cent by 2030.

What makes it unique, however, is the deeply integrated te ao Maori, which Auckland Council?s chief sustainability officer Alec Tang says is integral to shrinking their footprint.

Tang says: ?Climate change is already having a big impact on New Zealand. Over the last decade, drought, extreme heat events and coastal inundation have became more acute, and is expected to disproportionately affect the country?s most vulnerable.

For the indigenous Polynesian population of New Zealand, the Maori people, much of their history and culture centres on the coast. Core cultural practices are at risk as flooding and a rise in sea levels compromise sacred sites and land holdings, and for too many, resources are already scarce.?

While acknowledging the Maori people as the most vulnerable to the impacts of climate change, the plan also recognises they hold many of the solutions to adapting to it.

In 2016, 43.6 per cent of Auckland?s total emissions came from the transport sector, the most by far. Stationary energy produced 26.6 per cent, and industrial processes produced 20.2 per cent.

The plan details eight areas that require action, outlining goals, priorities and roles in delivery. These areas include transport, food, the built environment and the natural environment, the economy and energy.

And while the plan includes some concrete targets ? 19,350 hectares of new forest by 2050, retrofitting all existing buildings to a high standard of energy efficiency by 2050, and transitioning 100 per cent of Auckland?s bus fleet to zero emissions by 2050 ? Tang says it is ?more an indicator of the scale of change needed?.

By 2030, the council aims to have almost completely transitioned to renewable energy, reduced the kilometres travelled by private vehicles to 12 per cent through bolstering public transport and cycle infrastructure, and reduced methane emissions from livestock by 10 per cent.

For any Councils interested in Australia, go to:

https://www.aucklandcouncil.govt.nz/environment/Pages/auckland-climate-action-plan.aspx

Grants/Subsidies/Funding ? National Landcare Program: Smart Farms Small Grants

The Australian Government is inviting applications for projects to deliver services under the National Landcare Program ? Smart Farms Small Grants Round 4.

Smart Farms Small Grants is an open, competitive, grant opportunity to support projects to increase farming, forestry and fishing communities? awareness, knowledge, skills and capacity to adopt best practice sustainable agriculture.

The purpose of Smart Farms Small Grants is to support land manager practice change that will deliver more sustainable, productive and profitable food, fibre and forestry business while protecting Australia?s biodiversity; protecting and improving the condition of natural resources; and assisting Australia meet its international obligations.

The purpose will be achieved by supporting projects that contribute to achieving one or both of the program outcomes outlined below:

  • Outcome 1 ? Increased adoption of best practice sustainable agriculture
  • Outcome 2 ? Increase the capacity of land managers to adopt best practice sustainable agriculture

A total of $43.5 million (GST exclusive) is available for Smart Farms Small Grants over six years (2017?18 to 2022?23).?This round closes on 9 October.

For more information go to:

https://www.grants.gov.au/?event=public.GO.show&GOUUID=2C63C7CF-BCC7-EECB-02BC740EC31A6EA5

Eco-tip for the day

Avoid food waste and keep your fresh herbs for longer with this simple tip? What to do with all the mint, basil, rosemary that you have grown by your window:

Freeze your fresh herbs and keep them for longer.

Share watch ? Althea Group Holdings (ASX:AGH)

Investment highlights:

  • Patients purchasing products online through Althea Concierge? have helped the company set a new Australian patient and revenue record in July.
  • 740 patients were prescribed Althea products for the first time in July, total patients passed 8,000 and unaudited revenue of $692,091 was recorded.
  • Althea?s UK-based medical clinic business, MyAccess Clinics, is experiencing higher than anticipated patient demand and is booked out for weeks in advance 17 August 2020.

Althea has released a marketing update for its Australian and UK operations, as its online initiatives including telehealth and online sales, gather momentum. Althea passes 8,000 patients as online sales contribute to a record month in July the Company confirms that 8,034 patients have been prescribed Althea medicinal cannabis in Australia as at the end of July. 740 patients were prescribed Althea products for the first time in July (up from 582 in June), with the Company recording unaudited revenue of $692,091, establishing a new benchmark for both. In addition, a total of 628 Australian Healthcare Professionals had prescribed Althea products as at 31 July 2020.

The five year share price history is shown the graph above.

Financial indicators

The VIX fear gauge up by 5.14 points since last Tuesday EST to 31.55. Fear is appearing in the market.

The Dow Jones Industrial Average up since last Tuesday EST by 96.74 points or 0.34% to 28,133.51, the STOXX 600 down 5.98 points or 1.61% to 370.85 and the Shanghai Composite index down 85.52 points or 2.51% to 3,316.42.

Gold on 1,993.90. US 10-year Treasury Bonds on 0.707 and oil on 42.99. Cryptos Bitcoin down 1,508 points since last Tuesday or 12.87% to 10,213.

ASX 200 up 64.40 points or 1.08% since last Tuesday to 6,007.80. The Aussie dollar on 72.80US cents.

Eco Market Spot Prices

LGC $48.60

STC $38.25

ESC $27.10

VEEC $34.25

ACCU $15.90

Sources:?RenewEconomy, demandmanager,? Reuters, SMH, Market Watch, Forbes