Australia’s commitment under the Paris climate agreement is to reduce carbon emissions by 26 to 28 per cent below 2005 levels by 2030. With the announcement of the National Energy Guarantee the government has required the electricity sector to reduce its emissions by 26 per cent. This implies other sectors such as agriculture will also need to reduce emissions by at least 26 per cent by 2030. This approach will impose significant costs on agriculture and other sectors that do not have the existing, commercially available technologies for emissions reduction that the electricity sector has.
Trade unionists are gathering this week at the ACTU's triennial Congress in Brisbane. Jim Stanford, Director of the Centre for Future Work, participated in a panel on the Future of Work (an apt title!) at the Congress.
His presentation was "5 Possibly Surprising Insights on the Future of Work".
More detail on the issues raised in his presentation is provided in the Centre's recent submission to the Senate Inquiry on the Future of Work and the Future of Workers.
SUPPORTING TECHNICAL PAPER: National Energy and Emissions Audit, July 2018
CALCULATING GREENHOUSE GAS EMISSIONS ARISING FROM ELECTRICITY GENERATION IN THE NATIONAL ELECTRICITY MARKET.
Emissions are calculated on an annual basis as the sum of emissions arising from each thermal power station supplying the National Electricity Market (NEM). This is the procedure used by the Australian Electricity Market Operator to calculate, on a daily basis, its Carbon Dioxide Emissions Intensity Index (CDEII)1. AEMO calculates emissions from each power station as the product of electricity sent out from the station by the sent out emissions intensity of the station.
The Australia Institute Climate & Energy Program has released the latest National Energy Emissions Audit electricity update (The Audit*) for July 2018.
The Audit shows current policies will reduce National Electricity Market (NEM) emissions to 22% below 2005 levels in 2019-20, effectively meaning electricity sector has an emissions reduction target of only 4% to 2030.
Reduced Sunday and holiday penalty rates for retail and hospitality workers failed to ignite the boom in employment as promised by employer groups who supported the change.
A new report Penalty Rates and Employment One Year Later from The Australia Institute’s Centre for Future Wor examined employment and working hours in the retail and hospitality industries in the year since penalty rates were first cut.
On 1 July 2018, workers in several retail and hospitality industries will experience a second reduction in the penalty rates they receive for working on Sundays and public holidays. The reductions were ordered by the Fair Work Commission, and follow an initial reduction imposed on 1 July 2017.
Employer representatives argued that by reducing labour costs for work on Sundays and holidays, lower penalty rates would spur a big expansion in employment, via both new hiring and longer hours for existing workers. One lobbyist predicted 40,000 new jobs. Another said improved employment was "a certainty."
The Government has announced it will delay Senate vote on company tax legislation until after the winter recess.
Meanwhile, research from The Australia Institute has demonstrated the economic case for a company tax cut for big business has not been made.
“Company tax cuts will not lead to greater economic prosperity. In fact modelling from the Centre of Policy Studies (CoPS) shows a fall in gross national income as a result from these cuts with the benefits largely flowing to foreign shareholders,” said Ben Oquist, Executive Director of The Australia Institute.
The Australia Institute welcomes the establishment of a Senate Select Committee on Electric Vehicles, and congratulates Senator Tim Storer for taking the initiative to bring this to the consideration of the Senate, and on his role as Chair of the committee.
“There is a race to transition the world’s massive car fleet to electric vehicles and Australia is falling behind,” says Dan Cass, strategist at The Australia Institute.
Below you will find all research papers on company tax cuts produced by The Australia Institute to date [updated 25.06.18]
The big four banks get an extra $7.4 billion dollars:
Australia’s big four banks are some of the most profitable banks in the world and are the big winners here, getting an extra $7.4 billion dollars in the first 10 years of the tax cuts when they’re already making record profits. By the 2025–26 financial year, the tax cuts for the big four banks will be $3.2 billion every year.
After years of decline, Australia's manufacturing industry is finally recovering – adding almost 50,000 jobs in the last year, one of the best job-creation records of any sector in the whole economy. But that recovery could be cut short by growing shortages of skilled workers, according to a new report on vocational training in manufacturing.
The new report from the Centre for Future Work identifies key factors behind the rapid emergence of skills shortages in manufacturing, including: