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Australia

WHAT'S NEXT?: Australia will no longer be known for being as dependant on the export of natural resources over the next half century as in 2012. The need for new infrastructure to meet the strong population and economic growth of Australia will continue to be a priority for the medium term. There's no doubt the aftermath of China's credit boom poses a much bigger economic threat to Australia than Britain's withdrawal from the European Union. The Growth rate for Australia is expected to be stronger, although still below the long-term trend.

  • [New] We do not expect to see a rapid change in the Australian government's tough stance against China because the Labor Party believes the ideological differences between China and Australia are huge. New Delhi Times
  • [New] The recent election of a Labor government in Australia presents both challenges and opportunities for the West Papua solidarity movement. Green Left
  • [New] In a nutshell, the Australian Labor Party plans to create jobs, cut power bills, and reduce emissions by 43% by 2030 - which will become Australia's target under the Paris Agreement, keeping us on track for net zero by 2050. CleanTechnica
  • [New] Labor's proposed reform of the regulatory investment test for transmission is a significant opportunity to remove the blockages holding back the ISP by addressing the challenges in the RIT-T and accelerating the infrastructure that Australia needs. reneweconomy
  • [New] If Labor is genuine in committing to its 2030 carbon emissions cap, then Australia faces a dramatic acceleration over 2023 in carbon regulation and trading framework development. CNBC
  • [New] The incoming government of Australia has committed to a 43% emissions reduction target by 2030 and has a net zero by 2050 target. Climate Council
  • [New] Although there was more AI investment activity between Japan and India than between India and Australia or Australia and Japan, it was largely one-sided, with Japanese investors targeting Indian AI companies while Indian investors seem more reluctant to pursue opportunities in Japan. Center for Security and Emerging Technology
  • [New] The health, agriculture and food sectors all benefit from maintaining Australia's low risk of AMR in the food animal sector. Antimicrobial resistance
  • [New] If all the proposed coal and gas projects listed on a government pipeline go ahead it will add more than 8% to Australia's emissions by 2030, and far more to global emissions after the fossil fuels are sold and burned overseas. The Guardian
  • [New] Australia requires bold action to tackle climate change, driven by mature and emerging technologies within the framework of a comprehensive regulatory plan to achieve net zero emissions by 2050 or earlier. Scimex
  • [New] To speed up the transition to renewable energy, Labor plans to modernize Australia's energy grid and roll out solar banks and community batteries. CNN
  • [New] A quicker option would be for Australia to buy smaller French LEU submarines that already are in production and service and could be equipped with a US combat system for interoperability. Bulletin of the Atomic Scientists
  • [New] Several new independent lawmakers, who campaigned on demands for Australia to increase its 2030 target for carbon emission cuts to 60% below 2005 levels - far beyond Labor's 43% commitment - will also be pressuring Mr. Albanese and his opposition. The New York Times
  • [New] Labor has pledged to reduce Australia's emissions by 43% by 2030 with the ultimate goal of zero emissions by 2050. The West Australian
  • [New] Inflation fuelled by extra Budget spending could help create an exodus of Waikato workers to Australia and push up business costs generally, acting as a brake on regional development. Stuff
  • [New] Australia is one of a handful of countries that has released a detailed economy-wide, long-term plan which sets out how we will achieve net zero emissions by 2050. ABC (Australia)
  • [New] After a decade, the LP business expects to have more than 200 associates across 10 offices in Australia, New Zealand, and the Pacific Islands by 2023. Insurance Business

Last updated: 27 May 2022


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