Quote of the Week

 

"The global transition to zero emissions has negative implications for Australia’s important coal and LNG exports. The border taxes that the EU and US will apply to carbon-intensive goods will compound the loss. Join the developed countries of the northern hemisphere on the climate and energy transition, and we gain far more from the new zero-emissions economy than we lose from the old fossil energy. Investment in the new zero-emissions economy can provide much of the stimulus required for Australia’s own movement to full employment." [Professorial research fellow at the University of Melbourne Ross Garnaut, writing in the Financial Review, 11 December 2020]