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The Latest Breaking News from Ross Garnaut

'Tiny' tax returns on gas has leading economist fuming

Australians have finite stocks of gas and other natural resources and deserve a fair return on them, an inquiry has been told as calls grow for tax reform.

AAP

‘Not radical, it’s fair’: Australian households would receive compensation in proposed ‘polluter pays’ levy scheme

Superpower Institute report fleshes out 2024 call from Labor heavyweight Ross Garnaut to re-embrace carbon pricing 12 years after Tony Abbott axed it

The Guardian - AU

Economists want a carbon price comeback – but does Australia have the political courage?

Bold economic ideas are flowing ahead of this month’s roundtable convened by the Albanese government, aimed at boosting Australia’s productivity and economy, and repairing the budget. Among the biggest ideas to emerge is: should Australia resurrect its carbon price?

The Conversation

From analysis to the latest developments in health,
read the most diverse news in one place.

The Productivity Commission has proposed a ‘cashflow tax’ for business. What does that mean?

The fact businesses cannot deduct financing costs means companies like coalminer Adani would not be able to avoid paying virtually any tax

The Guardian - AU

Carbon price or climate failure: expert economist warns

Australia won't meet its renewable energy commitments without significant reforms but there's still time to redeem the situation, an expert warns.

AAP

Australia to cash in on global green energy shortfalls

Green energy-intensive exports could net Australia eight times more than fossil fuels and bridge the gap in other nations' clean energy shortfalls, data shows.

AAP

Is Australia ‘giving away’ its natural resources?

Speaking on ABC’s QA on Monday night, Nobel Prize-winning economist Joseph Stiglitz claimed Australia was “giving away its natural resources”, something he found “mind-boggling”.

The Conversation

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Afternoon Update: farmer killed in Victorian storms; CBA posts $5bn profit; and Indonesia goes to the polls

The 50-year-old Darlimurla man was killed following major storms that battered the state

The Guardian - AU

Morning Mail: Dutton’s visa call, $100bn fossil fuel tax proposed, Kremlin adds to most wanted list

Then home affairs minister intervened to extend criminal’s stay

The Guardian - AU

Australian fossil fuel tax could raise $100bn in first year alone, Rod Sims and Ross Garnaut say

Revenue from carbon solution levy could subsidise green iron, aluminium and fuel production, veteran economists argue

The Guardian - AU

Australia is about to set its first full employment target – and it will define people's lives for decades

Stand by for one of the most important decisions Treasurer Jim Chalmers and the Albanese government will make.

The Conversation

Alan Kohler: Why the RBA thinks if there must be a recession, there will be a recession

The implication of what Philip Lowe said is that unless productivity improves fast, there will have to be a recession.

The New Daily

Economist tells leaders to rethink green evolution

Australia must think bigger if it's serious about morphing into a renewable energy superpower, economist Ross Garnaut says.

AAP

RBA's rate hikes creating inflation, Ross Garnaut says, calling for radical overhaul of economic policy

Pointing to big changes that have greatly affected Australia's capacity to deliver rising standards of living, top economist Ross Garnaut calls for a major policy overhaul.

ABC News

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ABC News

Queensland government abandons Bradfield Scheme after review finds it completely unviable

A decades-long vision to drought-proof arid western Queensland has been abandoned by the state government after an expert review declared it completely unviable.

AAP

Qld Bradfield Scheme 'not feasible': panel

An expert panel has rejected a scheme to irrigate western Queensland, but says four mini-water grids could help coastal areas adapt to climate change.

The Conversation

Ross Garnaut thinks Australia can become a low-carbon superpower; Clive Hamilton is not convinced

Ross Garnaut is a big beast in the Australian climate policy world, and a Labor favourite since his days as economic adviser to Bob Hawke. His 2008 Climate Change Review shifted the dial on policy, encouraging the Rudd and Gillard governments to pursue carbon pricing laws. He fell out of…

The Guardian - AU

Australian rural internet worse than ‘villages I know’ in Africa, Ross Garnaut says

Top economist believes internet access issues are standing in the way of decarbonisation and more efficient production

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The Guardian - AU

Ross Garnaut’s Superpower follow-up tells a story of promise but also of peril

The economist’s new book proposes an expanded Renewable Energy Target and an energy reserve system to ensure grid reliability

ABC News

Biochar industry fuelled by agricultural waste expected to grow

Research shows biochar improves soil productivity and yields, and when fed to animals improves feed conversions and milk production.

AAP

China diplomacy key to green steel bonanza

Energy-hungry industries get little advantage from Australia being richly endowed with gas and coal, but mining and steelmaking could win in a net-zero economy.

The Guardian - AU

Labor rules out mining tax despite Ross Garnaut warning of ‘deep wounds’ from energy prices

Economist tells Jobs and Skills Summit ‘we are kidding ourselves’ if Australia focuses on wage rises rather than mineral rent tax

AAP

Policy shock to set up prosperity: Garnaut

Renowned economist Ross Garnaut says Australians need to stop "kidding themselves about how well our economy is performing" as he calls for reform.

The Conversation

How to get to full employment: Ross Garnaut's address to the jobs summit

This is an edited extract from Ross Garnaut’s address to the jobs summit on Thursday night. Read other articles in The Conversation’s series about the summit here.

ABC News

Climate modelling abandoned by Abbott nine years ago reinstated by Labor government

For almost a decade under the former Coalition government, Treasury did not model the economic impacts of climate change. The new government is ordering the practice to be resumed.

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