Prof Garnaut Lecture Series - Lecture 6: Australia - Superpower of the Zero Emissions Global Economy
Professor Ross Garnaut will deliver a six-part seminar series on the challenges and opportunities of energy transition in Australia. The seminars, which will also be available by webinar, will build the case for the energy transition calling on knowledge of climate science and studies of the economic benefits of mitigation.
A sectoral analysis - covering in particular the electricity sector, transport and industry, and agriculture - will draw out the economics of technological innovation, the falling costs of renewable energy, and the capacity for sequestration in the land, with insight into the role of the mineral sector in strengthening Australia's position in a low-carbon economy.
Lecture 6: Australia: Superpower of the Zero Emissions Global Economy
Australia is particularly well positioned for the global energy transition. The countries rich endowments for renewable energy and biomass alternatives to fossil fuels coupled with its complementary economic structure make it the natural home for the transition. As an increasing proportion of global industry make the switch, Australia must learn how to make use of its advantages. How then should Australia move forward to meet its potential?
This lecture discusses the difficult global challenges for the new economy and Australia’s role in meeting it. It addresses the significant role of policies in unlocking Australia’s potential in the energy transition. The discussion will outline how effectively constructed and implemented policy can create a robust green economy while positioning Australia as a hub and leader of the transition.
Thank you to event hosts the University of Melbourne, in particular, the Department of Economics in the Faculty of Business and Economics, the Melbourne Energy Institute, the Energy Transition Hub, and the Melbourne Sustainable Society Institute.
Ross Garnaut is an economist whose career has been built around the analysis of and practice of policy connected to development, economic policy and international relations in Australia, Asia and the Pacific. He was Distinguished Professor of Economics at The Australian National University and currently holds a part-time research position as Professorial Fellow in Economics at the University of Melbourne. He is the author of many influential economics books and papers.
Ross held positions as Chairman of the Boards of large Australian and international companies continuously from 1988 to 2013, including Lihir Gold Limited, from its foundation in 1995 to its sale to Newcrest in 2010 for $10 billion (listed on stock exchanges in Australia, Canada and the United States), the Bank of Western Australia, the Primary Industry Bank of Australia, Aluminium Smelters of Victoria, Lonely Planet Publications, the Papua New Guinea Sustainable Development Program Limited and its subsidiary Ok Tedi Mining Limited.
He has held a number of senior Government positions, including as head of the Financial and Economic Policy Division of the Papua New Guinea Department of Finance in the years straddling Independence in 1975; principal economic adviser to Australian Prime Minister Bob Hawke; Australian Ambassador to China (1985-88). He has led many high-level Government Reviews and Commissions, including the preparation of the Report to the Australian Prime Minister and Foreign Minister ‘Australia and the Northeast Asian Ascendency’ (1989); the Review of the Wool Industry (1993); the Review of Commonwealth-State Funding (2002); and the Garnaut Climate Change Reviews (2008 and 2011). He was Chairman of the Australian Centre for International Agricultural Research 1995-2002 and Trustee and Chairman of the International Food Policy Research Institute 2003-10.