Climate Changed
In a Country So Dry Even Cows Take Showers, Climate Change Gets Ignored
- Investors prepare as drought cripples Australian farmers
- Drought may cut as much as 0.75 percent from this year's GDP
Farmer Leeanne Oldfield and her dog Jett at her farm in Wandandian, New South Wales, Australia.
Photographer: Brendon Thorne/BloombergFrom cooling showers for cows to airport runways designed for higher sea levels, businesses and parts of Australia’s A$2.7 trillion ($2 trillion) pension industry are starting to find ways to live with rising temperatures.
In the world’s driest inhabited continent, enduring a devastating drought that arrived in mid-winter, private action to prepare for climate change contrasts with years of division on energy and environmental policies. Australia’s latest climate casualties are its farmers, who are being forced to slaughter livestock and watch crops wither amid one of the worst droughts on record.