07 Nov GOODBYE PRIME TIME?; THE FUTURE OF VOLUNTARY CARBON CREDITS
GOODBYE PRIME TIME?
Amid saturation coverage of the US Presidential election this week, Deloitte released its annual Media and Entertainment Consumer Insights report which revealed Australians now spend as much time watching streaming services as they do free-to-air (FTA) TV.
We’re spending an average of eight hours and 20 minutes a week watching both subscription-based streaming services and FTA television, with media consumption peaking several times during the day rather than just the traditional evening “prime time”. And while many of us continue to endure cost-of-living pressures, we haven’t cut back on our digital subscriptions despite a 10 per cent price hike.
It’s a trend that’s frustrating media mogul Kerry Stokes, owner of one of our biggest FTA broadcasters, the Seven Network, which is battling sliding ad revenues. Stokes lashed out at the streaming services during Seven’s AGM on Thursday, telling shareholders they were “eating our lunch” and the federal government was failing to “contain them”.
THE FUTURE OF VOLUNTARY CARBON CREDITS
Despite sector credibility concerns, a recent global EY report has predicted a surge in demand for voluntary carbon credits – an effect believed to drive the market up by up to 12 times by 2035 – driven largely by stakeholder pressure to meet emissions reduction targets.
Voluntary carbon credits, purchased by firms to meet voluntary goals to offset their carbon emissions, are different from compliance credits, which are used to meet regulatory requirements.
The carbon credit sector is evolving, EY says, as initiatives like the Global Carbon Market Utility strive to improve infrastructure, transparency and consistency in the market. And as strategic responses become the norm in climate-aligned investment, the trajectory of the voluntary carbon market in supporting global decarbonisation looks promising.
A SOUR BITE FOR SHOPPERS
For Australian farmers, the past two years have brought about floods and bad weather which have impacted citrus farmers and their quality of crops in particular.
We have also recently seen a global orange juice shortage largely due to disease outbreaks among fruits in places like Brazil and Florida – two of the largest exporters of oranges. These sour developments are stinging juice companies who rely on imported juice concentrate.
However, whilst shoppers and juice companies are experiencing the costly end of these global developments, Aussie farmers are now seeing more favourable farming conditions, increasing their crops’ quality, quantity and boosting their profitability after a sticky past few years.
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