Pt 2. Talking Transformation with Ross Garnaut AC, hosted by Kate Chaney MP - 15 March 2023
Here are some key points discussed:
Australia's Renewable Energy Resources: Garnaut highlights the potential for renewable energy in Australia, particularly through the use of wind and solar power. He suggests that this energy could be used to process minerals, both existing and new, and could lead to significant decarbonization efforts.
Infrastructure and Industrial Culture: The established infrastructure for old industries and gas industries can help get the country started. The power system in Western Australia, built around long wires going up to Perth and further north to the Midwest, can be a great place for renewable energy.
Investment in Education and Training: Garnaut emphasizes the need for Australia to focus on developing its own workforce with specialized skills, rather than importing labor to fill gaps. This will require significant investment in education and training, particularly in fields such as engineering and the applied sciences.
Government Role: The government has a big role in training and educating people to achieve this pathway towards becoming a superpower. The community and environment relations will play a big role in providing essential infrastructure for the $8 trillion investment in Australia.
Challenges for Gas and Coal Industry: The text discusses the challenges faced by companies in the gas and coal industry as the world moves towards decarbonization. Companies are expecting a decline in demand for these commodities.