Dirty Exports Lead to $100 Billion Shortfall

Our Fossil Economy research shows that reliance on emissions-intensive exports, such as coal, gas and iron ore, could lead to a $100 billion shortfall annually by 2030.
This could cause a systemic economic crisis.
Contrary to the International Energy Agency's projections, and ignoring the international phase-out of emissions-intensive imports, the government assumes Australian coal exports will increase in both volume and value.

Our Carbon Crisis report shows that Australia has a 50 per cent chance of a systemic economic crisis, caused by ignoring the global shift to clean energy.
Without changing the Australian investment focus towards cleaner energy, the country is on course for “systemic economic decline”; which means high unemployment, high debt, and deep recession.

Fossil Economy

Australia risking 'systemic economic crisis' in decarbonising world: study

By John Conroy. The Australian, May 5 2015

Research released today by Beyond Zero Emissions shows that Australia has a 50% chance of systemic economic crisis, caused by ignoring the global shift to clean energy.

Without changing the Australian investment focus towards cleaner energy, the country is on course for “systemic economic decline”; which means high unemployment, high debt, and deep recession, the Carbon Crisis report says, saying Australia’s industry and exports are emissions intense.

BZE director of research Gerard Drew said that intensity was a growing economic liability as the international community strengthens its efforts to limit climate change.

States vow to boost large-scale renewables as RET stalemate continues

By Sophie Vorrath and Giles Parkinson. RenewEconomy, May 5 2015

Australia’s states and territories have vowed to work together to unblock the nation’s large-scale renewables market, at a joint meeting on climate change in Adelaide on Monday.

New Fossil Economy research >

Australia faces risk of systemic economic crisis without carbon action, study finds

Peter Martin. Sydney Morning Herald, May 5 2015

Australia' emissions-intensive economy gives it a greater than 50 per cent chance of a systemic economic crisis a new study says.

Prepared by National Institute of Economic and Industry Research with Beyond Zero Emissions the study suggests that as the world becomes more carbon constrained, punitive measures could be imposed on nations not pulling their weight.

High speed rail expert "embarrassed" by speed of the XPT

By Nick King. 4BC Afternoons, April 29 2015

Remember when the XPT was known as The Fast Train?

By modern global standards the XPT is now considered a tortoise as it barely exceeds 80 kilometres per hour.

 the tortoise of "hi speed" rail systems

Aussie trains can’t get over 600km/h, but what about 100km/h?

By Charis Chang. News.com, April 27 2015

'Gerard Drew, co-author of the report Zero Carbon Australia High Speed Rail, said the difference in speeds was “kind of embarrassing”, and train travel in Australia felt “antiquated”.'

THIS week a Japanese passenger train broke the world speed record by reaching 603km an hour. So why are Aussie trains struggling to get over the 100km mark?

‘It’s kind of embarrassing’

Japan's state-of-the-art maglev train set a world speed record on April 21 in a test run near Mount Fuji, clocking more than 600 kilometres an hour. Picture: AFP/Toru YAMANAKA Source: AFP

Deep carbon emission cuts possible and inevitable, reports find

By Peter Hannam. Sydney Morning Herald, April 21 2015

"Australia will not only be forced to decouple its economy from fossil fuels but also its export sector, as nations step up efforts to combat climate change."

Futures of the power sector and carbon reductions are closely tied.

Carbon reduction in Asia will punch $100bn hole in Federal revenue by 2030: report.

RN Breakfast, April 21 2015

Listen to the podcast here.

As the Federal Treasurer tries to plug a widening budget hole - a new report warns that the revenue shortfall is about to get a whole lot worse.

According to the climate change think tank Beyond Zero Emissions, export revenue from Australia's main commodities will fall short by an estimated $100 billion a year by 2030, as major trading partners shift away from fossil fuels and move towards clean energy.

The Dirty Energy Finance Corporation

The Energy White Paper was released on Wednesday (April 8 2015). We can't decide what's worse -  the continued refusal to acknowledge climate change, or the fact that refusal is no longer a surprise.


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