With unparalleled renewable energy resources and our ‘clever country’ scientific and engineering capabilities, Australia is perfectly positioned to be a superpower in the world of net zero emissions.
Securing Australia’s place in a decarbonised global economic order is a once in a century economic opportunity. Renowned economist Ross Garnaut and economic public policy expert Rod Sims have joined forces through the Superpower Institute, to focus on practical research and policy to unlock this boom. The Institute specialises in the regulatory settings and market incentives needed to make Australia an economic superpower and provides practical knowledge to governments and industry to realise this opportunity.
A net zero Australian economy will reduce global emissions by just over 1%. But if Australia successfully seizes the economic advantage in exporting zero emissions goods, this can create an economic boom larger and more sustained than the mining boom and reduce global emissions by around an additional 7%.