The Superpower Institute

Five key economies will fail to produce enough cheap zero-carbon energy to meet their needs in reaching net zero targets, creating an opportunity for a $700bn export industry for Australia – an amount many times larger than the typical revenues from Australian fossil fuel exports. This is the key finding of The New Energy Trade, a groundbreaking report by The Superpower Institute’s Dr Reuben Finighan. Read the report: https://lnkd.in/gUWQgKJu China, India, Japan, South Korea and Germany are expected to face zero-carbon shortfalls of between 37 and 63% by mid-century, even with accelerated rollout of nuclear energy and carbon capture and storage. As the world electrifies existing fossil-fuel sources of energy, a new form of energy trade will emerge: trade in commodities with embodied zero-carbon energy. Green forms of iron, aluminium, silicon, fertilisers and fuels will be at the heart of this kind of trade and are central to the opportunity. With its rich solar and wind resources, Australia’s potential contribution to global mitigation via these exports is large – equal to between 6.7 and 9.6 percent of 2021 emissions. Reuben’s analysis builds on Ross Garnaut’s seminal Superpower work and solidifies the case for Australia’s superpower future. We hope this work inspires further discussion and action. Stay tuned for more from TSI on Australia’s leadership in the zero-carbon economy.

Donald Trump is a blow to Australia on climate and trade. Here's how we minimise the damage. Ross Garnaut, The Guardian https://lnkd.in/gQK9pXKh

Join us on Monday, 18 November, at Parliament House, Canberra, as The Superpower Institute unveils groundbreaking research on Australia’s role in the emerging global energy economy. ‘The New Energy Trade: Harnessing Australian Renewables for Global Development’, authored by Reuben Finighan,?provides substantial detail around the centrality of green exports in Australia's economic future. It includes an examination of its comparative advantage for embedding green energy in high-demand, energy-intensive goods with the potential to reduce global emissions by more than 9%, and more than double the value of Australia's energy exports.?? The report shares insights that could shape Australia’s economic strategy in the post-carbon era, highlighting our potential to simultaneously reduce global emissions while driving real wage growth, full employment, and multigenerational prosperity. The event will be hosted by?Senator the Hon Tim Ayres, Assistant Minister for Trade and Assistant Minister for a Future Made in Australia, and will feature presentations and remarks from Reuben Finighan, Ross Garnaut, and Rod Sims. Breakfast Briefing? When: 7.30-8.30AM, Monday 18 November Where: Parliament House, Canberra Email?[email protected]?to register your interest in attending this milestone event.

Join Chair of the Climate Change Authority Matt Kean and Ross Garnaut in conversation about Ross's new work 'Let's Tax Carbon and other ideas for building a better Australia.' They will explore Australia's pathway to become a full employment, clean energy superpower. Garnaut will reflect on the history of Australia's economic policies, offering critical assessment of what happens when we get it right and what is at stake if we don't. Monday 2 December 5pm for a 5.30pm start Deloitte Australia 50 Bridge Street Sydney, NSW 2000 Hope to see you there. Investor Group on Climate Change (IGCC) Australian Sustainable Finance Institute Australian Industry Group (Ai Group) Climateworks Centre Productivity Commission Pollination Principles for Responsible Investment For those based in Brisbane or Canberra join Ross here. Brisbane: https://lnkd.in/gCK39R9H Canberra: https://lnkd.in/gTsB9598

To our Perth friends, please join Ross Garnaut AC this Friday at The University Club, 11am-12pm, for an engaging discussion as he shares insights from his latest work 'Let's Tax Carbon & Other Ideas for a Better Australia.' Garnaut will explore how it has become 'politically incorrect' to discuss the essential economics of the energy transition and the opportunity cost of this to Australia. Garnaut will explore how, if the fundamental economics make their way back into bi-partisan political thinking, Australia has the potential to lead the global transition to a low-carbon economy, securing its future as a full-employment, renewable energy superpower. He will reflect on the history of Australia's economic policies, offering critical assessment of what happens when we get it right and what is at stake if we don't. Register here. https://lnkd.in/gV92KB36

The Superpower Institute, the Melbourne Energy Institute and the University of Melbourne Faculty of Business and Economics are excited to invite you to a?conversation with Professor Ross Garnaut AO, as he shares insights from his latest work, 'Let’s Tax Carbon: And Other Ideas for a Better Australia'. Book here: https://lnkd.in/grckDdBB Featuring special guests, including Grattan Institute CEO Dr Aruna Sathanapally, Professor Beth Webster, Director of the Melbourne Institute for Applied Economic & Social Research, and Professor Peter Dawkins, Emeritus Professor of Economics at the Mitchell Institute, Victoria University, the evening promises an engaging discussion on how Australia can secure its future as a full-employment, green export superpower. Don’t miss this important contribution to the debate over Australia’s energy and economic future. ?? Wednesday, October 23 5:30 - 7:00 pm Old Quadrangle Building, University of Melbourne Light refreshments will be provided.

Today, the Superpower Institute was delighted to launch Open Methane at Parliament House in Canberra. Open Methane is an open platform for monitoring Australia’s methane emissions using a groundbreaking combination of atmospheric modelling and satellite measurements. Recent analysis from Open Methane shows significant underestimation of methane emissions from fossil fuel sites. You can read more about the results, including a list of Australia’s top twenty methane hot spots, at https://openmethane.org/ Huge thanks to our partners and supporters, Australian Conservation Foundation, AKQA and Climate Resource.

“Let’s be very clear: renewable energy can be firmed by a combination of batteries, pumped hydro, a small amount of peaking gas, and other means. Doing this is two to three times cheaper than nuclear power, even accounting for transmission costs.” – Rod Sims, Chair of The Superpower Institute https://lnkd.in/ghBUs5ne As the conversation around nuclear energy intensifies, it’s crucial that the debate is grounded in the latest economic realities. The Superpower Institute Chair, Rod Sims, highlights that while nuclear power costs remain stable or are rising, the cost of renewable energy has dramatically declined, giving Australia an immense economic advantage due to our abundant solar and wind resources.

The Superpower Institute Chair Rod Sims in the AFR on why east coast energy woes won't hurt green industry plans. https://lnkd.in/gF8wkWAd https://lnkd.in/gJtNKSq5

The Superpower Institute?is excited to announce the appointment of chris mcmahen as Technical Lead for Green Iron. Chris brings extensive industry and technical experience across iron ore and other metals in Australia, Asia and Europe. He will work closely with TSI's economics, energy and policy capacity to ground our work in real-world commercial conditions. Welcome Chris!