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This article concerns the climate change and what it could cause for the country, which includes water and food shortages. These are affected by the climate damaging the crop production. This is relevant with this week's topic because the supply of agricultural food is decreasing, therefore causing the prices to rise. This rise in price therefore helps the allocation of the food, which is a serious impact on the country.

A small but growing number of multimillion-dollar investors requested on a United Nations summit this week to take more aggressive steps towards preserving our planet. A main reason for this movement is carbon dioxide emissions that are produced by combustion of fossil fuels, such as oil, coal or natural gas. Furthermore, this is a direct cause for the rise in average global temperatures over the last 150 years. One of the most significant demands for the government was to invest more in the clean, renewable energy.

The article discusses the fact that the now dominant capitalist economic system has contributed to the breaching of several ecological boundaries, in relation to climate change, biodiversity loss and nutrient enrichment. These contributed to the dead corals and rising seas. This global change can bring big costs for, among other things, tourism and infrastructure. Thus, the negative externalities are basically the public costs that come from the pursuit of private profit, representing massive risks leading to all recent recessions arising from the mis-allocation of risks.

Government imposed carbon taxes in Australia, in order to prevent the climate change. This will have the major influence on manufacturing and other business in Australia, especially the tourism. It is estimated the carbon taxes will "add $115 million a year to the bottom line costs of hotels and motels", due to the increase in additional costs such as energy bills, food, transport, linen and other expenses. The demand for the tourism in Australia will thus greatly decrease, as the expeneses will increase as well due to the large taxes imposed on the carbon "also Australia's carbon tax places tremendous pressure on Australian manufacturers and inevitably leads to job losses and business closures"