Fossil Economy

Australia's opportunity in the global shift to clean energy

November 2014

The world is shifting away from fossil fuels – including Australia’s coal and gas importers

Australia is at risk of its economy being left behind, our prosperity being a relic of the past – fossilised – as the rest of the world moves to a cleaner future. Fossil Economy explores how Australia will need to decouple from emissions-intensive exports to secure a very possible, stable and prosperous economy in the future.

It's time to break-up with emissions-intensive exports

Fossil Economy investigates the expected revenue from Australia’s emissions-intensive exports, comparing Australian Government projections with projections from the International Energy Agency. It shows emissions-intensive export revenue will fall short by $100 billion per year by 2030 due to emission reduction efforts by Australia’s trade partners. Australia must prepare for the global shift to clean energy - and offer its potential in one of the greatest-ever commercial opportunities.

It's time to break-up with emissions-intensive exports

Fossil Economy investigates the expected revenue from Australia’s emissions-intensive exports, comparing Australian Government projections with projections from the International Energy Agency. It shows emissions-intensive export revenue will fall short by $100 billion per year by 2030 due to emission reduction efforts by Australia’s trade partners. Australia must prepare for the global shift to clean energy - and offer its potential in one of the greatest-ever commercial opportunities.

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Continued fossil fuel exports puts Australia at risk of:

  • Stranded investments
  • Dropping export revenue
  • A growing current account deficit

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