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Showing 31 - 40 of 106 results for "GDP"

Net zero roadmap shifts public service spending to green

RACHEL ALEMBAKIS  |  THURSDAY, 30 NOV 2023  |  NEWS
... information from suppliers when making procurement decisions. Government spending is projected to grow by 3.8 percentage points of GDP from 24.8% per cent in 2022-23 to 28.6% in 2062-63, according to Secretary to the Treasury Steven Kennedy, thus changes ...

Preparing for COP28: nature and climate integration

ROSE MARY PETRASS  |  TUESDAY, 14 NOV 2023  |  NEWS
... successful outcome for Australia's bid for COP hinges on a proactive response to the biodiversity crisis. Over half of global GDP relies moderately or highly on natural capital and ecosystem services. And in Australia, industries like agriculture ...

NGFS introduces "too-little-too-late" climate scenario

ROSE MARY PETRASS  |  MONDAY, 13 NOV 2023  |  NEWS
... has released updated long-term macro-financial scenarios for forward-looking climate risk assessments, based on the latest GDP and population pathways and the most recent country-level climate commitments. They also reflect policy delays and the energy ...

Renewables set to dominate by 2040

ROSE MARY PETRASS  |  THURSDAY, 26 OCT 2023  |  NEWS
... total energy investments are set to increase from US$1.5 to US$2-3.2 trillion, while investment levels as a proportion of GDP will remain relatively stable. Decarbonisation technologies are tipped to grow 6-11% per year, mainly driven by EV and carbon ...

Three-fold bang for the buck when investing in research

ROSE MARY PETRASS  |  THURSDAY, 7 SEP 2023  |  NEWS
... show that NCGP research funding generated substantial economic activity, producing $184.3 billion in higher economic output (GDP) for Australia. This is equivalent to a $33.6 billion increase in present value, approximately 1.5% of Australia's current ...

Revenue recycling carbon tax would increase Australia's GDP

ROSE MARY PETRASS  |  WEDNESDAY, 9 AUG 2023  |  NEWS
... policy approach, introducing a carbon tax policy would succeed in decreasing Australia's carbon emissions - but also reduce GDP and real consumption, the report finds. The Gillard government introduced a carbon tax mechanism in 2011, whereupon emissions ...

Investments at risk: Finance "out of step" with climate science

ROSE MARY PETRASS  |  THURSDAY, 3 AUG 2023  |  NEWS
... papers in top academic journals and found the median prediction of economists was that 3°C of warming would reduce global GDP by just 5%, and warming of 5°C would see a 10% reduction. This methodology influences global economic policy through the Network ...

Climate transition a factor in sovereign debt pricing: Ardea

ROSE MARY PETRASS  |  TUESDAY, 1 AUG 2023  |  NEWS
... between carbon dioxide emissions and sovereign yields and spreads across advanced and developing countries. While factors like GDP, inflation, and account deficits are considered to drive government bond yields, Ryan said investors were penalising governments ...

Untapped talent: Australia missing out on $50b in GDP

ROSE MARY PETRASS  |  THURSDAY, 20 JUL 2023  |  NEWS
... Australia has one of the lowest employment rates for people with disability in the OECD and could add over $50 billion to its GDP by 2050 if it tapped into this talent pool, according to new research from the Business Council of Australia (BCA) and the ...

Amid economic uncertainty, "overlooked" co-ops and mutuals thrive

ROSE MARY PETRASS  |  MONDAY, 26 JUN 2023  |  NEWS
... that exists to deliver benefits back to members. Including member-owned superannuation funds, CMEs contribute around 7-8% of GDP. BCCM found the number of CMEs in Australia rose slightly during 2022, despite consolidation in key sectors such as banking ...