The Next Economy, together with Mount Isa City Council and Climate-KIC Australia, is proud to launch the Mount Isa Future Ready Economy Roadmap.
Mount Isa, like many other industrial regions, is at the crossroads of major economic change. The region has a rich asset base, including the North West Minerals Province, but faces the imminent closure of the Mount Isa Mine’s underground copper mine operations and copper concentrator.
This closure will impact approximately 1,200 workers from mid-2025 and the future of the local copper industry, a change that needs to be managed alongside increasing demand for critical minerals, affordable and reliable energy generation and storage options, and innovative logistics solutions. Global trade uncertainty and climate impacts further complicate this picture.
Whether Mount Isa successfully navigates these changes will be critical to the success of Australia’s net zero ambitions, and global decarbonisation goals.
The Mount Isa Future Ready Economy Roadmap provides a clear and ambitious vision for the future of Mount Isa against this backdrop of regional change, global uncertainty, and new opportunities.
In this future, Mount Isa thrives. The regional economy enables Australia’s net zero transformation, contributing to the next generation of clean energy and critical minerals exports and processing . Local industry and the community lead innovative solutions to long-standing and emerging challenges, benefiting from a focus on circular economy approaches, decarbonisation, environmental sustainability and regeneration, and social wellbeing.
This vision is underpinned by the application of the Future Ready Economy Framework. This Framework has been designed by The Next Economy and Climate-KIC to assist decision-makers in regions like Mount Isa to assess economic opportunities against six key dimensions of positive and resilient development.
Along with regional stakeholder engagements and expert input, the Framework has informed the development of future ready development pathways, strategies and potential actions for Mount Isa’s five key economic sectors—energy, mining, transport, agriculture and tourism—and the foundations of a thriving community.
By adopting a future ready lens to regional economic development, Mount Isa is ensuring that today’s planning and investment decisions position the region for long-term success.
With the right planning and investment from key partners, including the Queensland Government and Australian Government, and industry, Mount Isa can pursue these pathways and become a global player in a decarbonising world.
Mount Isa has a proud history of innovation and mining excellence which can continue to thrive with the right investment and collaboration between industry, government and the community. Photo: Chris Grose.
This week, the Hay and Carrathool Shire Councils launched the Hay and Carrathool Regional Drought Resilience Plan. The Plan is designed to identify strategic focus areas and priority actions to strengthen regional resilience. Convened by both councils, the Plan is the result of an extensive seven-month collaboration involving more than 300 community members, industry representatives, and government stakeholders.
The Plan envisions a future where, by 2035, the communities of Hay and Carrathool are equipped to navigate climate, environmental, social, and economic challenges while remaining strong, connected, and vibrant. It sets out a strategic path for ensuring safe and thriving places to live, work, and raise future generations.
Hay Shire Mayor, Carol Oataway, acknowledged the immense community effort behind the Plan and the commitment of local people to shaping their future.
“This level of community engagement reflects the leadership and strengths of this vibrant region and demonstrates the passion that local people have for its future,”
Carol Oataway, Mayor of Hay Shire
With five core strategies—Inclusive & Empowered Communities, Future Ready Businesses, Reimagined Care Economy, Placemaking with Purpose, and Coordinated Action for Climate Resilient Economic Development—the Plan identifies 26 priority actions, each with partners to lead and drive progress.
Key actions include setting up community hubs where people can connect, working groups so businesses can “share” employees, innovative ways to provide care to groups that need it, an initiative to collect and use environmental data, a housing strategy, and a roadmap to diversify and strengthen the regional economy.
Already, the Plan has sparked action across the community. To really bring its vision to life, collaboration between local government, businesses, and residents will be essential in addressing risks and capturing emerging opportunities.
“We’re the ones who know what our region needs… State and federal governments need to support regionally led solutions like ours.”
Carol Oataway, Mayor of Hay Shire
The Next Economy and the Australian Resilience Centre worked with the Hay and Carrathool Shire Councils and local communities to deliver the Plan. It has been developed as part of the Regional Drought Resilience Planning Program, which is jointly funded by the Australian Government and NSW Government under the Future Drought Fund.
Hay Shire Councillors John Perry and Geoff Chapman, along with Mayor Carol Oataway and Alison McLean, Executive Manager for Economic Development and Tourism, are pictured with Jacqui Bell and Doug Ruuska from The Next Economy.
The Australian Government can play a key role in helping regional communities prepare for the economic changes brought on by the clean energy transition.
As many clean energy jobs will be concentrated in regional renewable energy zones, building the capacity of regional communities to manage development, attract investment for enabling services and infrastructure, and address workforce challenges is essential.
With effective resources and support, local stakeholders can lead efforts to create training programs, support services, and initiatives that ensure a skilled and diverse workforce while fostering sustainable regional development.
In September, The Next Economy provided a submission for the National Energy Workforce Strategy Public Consultation process. In it, we identified a range of insights on increasing inclusivity in the clean energy workforce (read more here), as well as five examples of actions that already are or have to potential to empower regions in clean energy workforce development:
Coordinate planning and development of clean energy projects, associated infrastructure and other industries within a region. Regional coordination and phased planning can manage workforce demand and support worker mobility. Co-locating new manufacturing and industry precincts within renewable energy zones also have the potential to stabilise clean energy workforce demand and create lasting careers. Developers and industry benefit from these approaches with clear roles, responsibilities, and timelines, along with cost certainty and transparent infrastructure investment programs.
For example: the Victorian Planning Authority (VPA) works with councils, government departments and the community to provide employment, transport, public space and housing planning in the context of an increasing population. The VPA has identified the staged development of housing lots and required infrastructure such as roads and utilities.
Develop place-based training and education initiatives and partnerships: that aggregate skill and expertise demand from across sectors and co-designs and delivers courses with industry in a region.
For example: in the Upper Spencer Gulf, Uni Hub is working with local industries to ensure their needs are connected with training providers and potential students.
Support local businesses to adapt and scale up their operations for greater participation in the sector. In many regional areas where new energy development is proposed, the scale of workers required outstrips the local labour market. In addition, the essential services and infrastructure required to support workforce and population growth are limited or non-existent.
Currently, local content requirements from state governments are aimed to drive regional economic benefits. However, often insufficient existing workforce capacity, the cost to prepare businesses to be ready to tender for clean energy development contracts, and uncertainty around long-term work security all limit the capacity of local businesses to scale their operations and bring on new workers.
For example: TNE’s work with Hay and Carrathool shire councils on climate adaptation and economic transition this year has shown that local businesses are interested in tendering for large renewables projects but lack the capacity and resources to adapt. Uncertainty around work pipelines, contracts, timing, and qualifications prevents businesses from scaling, investing in workforce development, or hiring. Early engagement and ongoing support are crucial for scaling regional workforce development. Accessible, up-to-date local data is needed to improve transparency, workforce planning, and equitable recruitment strategies.
Provide resources for local government and local stakeholders: to carry out the feasibility and business planning activities necessary to develop the case for investment in local services, coordination activities and infrastructure.
For example: in the Cradle Coast Region, developers are working together to address housing shortage as they understand it is a key constraint to renewable energy development. In Gladstone, the economic roadmap process delivered by the local council identified the lack of birthing facilities as a key barrier to retaining workers once they are married and look to start families. Improving access to health services in Gladstone is seen a core strategy to retain the workforce. In NSW, the Murrumbidgee Council has negotiated to improve health services through the community benefit agreement.
Embed additional capacity within local governments: to manage and coordinate regional clean energy related activities. Regional local governments play a key role in coordinating clean energy activities, managing community benefits, and supporting the infrastructure and workforce needs of the energy transition. In Renewable Energy Zones, local governments are dedicating significant resources to these tasks, often diverting attention from regular operations due to limited funding and staff. Many are handling large, complex projects unseen in their region for decades, requiring new expertise to manage the technical, legal, and managerial aspects of energy development.
For example: An NSW Government initiative is providing $250,000 of funding for local governments to carry out planning over the next 3 years is an example of the type of support required; however additional and enduring funding (for the duration of the energy infrastructure development in the region) is necessary to cover the true cost that local governments will bear to manage the energy transformation effectively in their region.
New research from UTS Institute for Sustainable Futures (ISF) and the Australian Energy Market Operator (AEMO) shows the electricity workforce alone needs to double within five years to meet Australia’s 2030 renewable energy target. More than 80 per cent of these roles will be in renewables, with energy storage jobs soon surpassing domestic coal and gas sectors.
This research highlights the big opportunity to address workforce shortages, especially in regional areas, by fostering inclusive policies that ensure equitable benefits and meaningful employment across all communities. Prioritising inclusion and equity in workforce development is key to a just and fair transition toward a net-zero future for all Australians.
In September, The Next Economy provided a submission for the National Energy Workforce Strategy Consultation Paper. We identified five examples of actions that already are or have to potential to empower regions in clean energy workforce development (read more here) alongside the following key insights:
The benefits of enhancing diverse participation and meaningful employment
Every Australian should benefit from clean energy development, including the opportunity to access and meaningfully participate in the workforce. Research shows Australia’s clean energy workforce, like many other industries, has room to improve in diversity, equity, and inclusion. Factors like competition with other industries and projects, lack of training, the characteristics of clean energy jobs, and insufficient regional consultation contribute to workforce shortages in the sector overall.
Greater attention to diversity, equity and inclusion in workforce development carries broad benefits. Companies who have engaged in inclusive hiring processes have reported benefits such as access to a larger talent pool, higher retention and satisfaction rates, improved workplace culture and greater performance and productivity. In turn, inclusive and equitable workforce development practices facilitate pathways into jobs for people who often face systemic barriers to employment. It also promotes greater workforce diversity, fosters a workers’ sense of belonging and inclusion, enhances health and social outcomes and ensures workers are treated with respect and dignity and more likely to be retained.
An opportunity to power First Nations Jobs
The clean energy transformation is an opportunity to increase workforce participation of First Nations Peoples. The Powering First Nations Jobs in Clean Energyreport, by the First Nations Clean Energy Network, is a detailed resource that identifies pathways and options for First Nations Peoples to be supported to enter the clean energy workforce and access quality job opportunities and career pathways as they emerge.
Consistent, long-term Government investment in job readiness and business support programs that are led and codesigned by and for First Nations Peoples is needed. Such investment can support the scaling of efforts underway by the private sector in implementing partnerships and employment pathway programs tailored to First Nations Peoples. For example, in the Department of Defence’s Shoalwater Bay Training Area, Downer Defence worked with a range of partners to deliver training programs and initiatives that support small and medium sized Indigenous businesses to enter and thrive in the defence industry.
Support for migrants, refugees, people with a disability and those recently out of prison
Our research has found that affordability of training, lack of awareness around the need for workforce equity and inclusion, misconceptions about abilities, procurement requirements, development speed, and the culture of clean energy workplaces, all impede on the diverse participation in the clean energy workforce.
Strategies tailored to people and their unique context can drive greater participation in the clean energy workforce for different groups. These include building awareness, inspiration and attraction to clean energy careers across diverse populations, improving access to affordable higher education, ensuring ‘wrap around support’ is available for people transitioning into work, cross sectoral collaborations and partnerships, and fostering a workforce culture that is inclusive and values the abilities and contributions of all.
The rapidly growing clean energy sector is well poised to develop a diverse, equitable and inclusive workforce at the scale and pace required to achieve national targets. Other related sectors have experienced the benefits of a diverse and inclusive workforce over the years and developed significant body of knowledge on how to support workforce development in an inclusive and equitable way. The clean energy sector has the advantage of drawing on this existing knowledge and ensure that opportunities in the clean energy workforce benefits all Australians.
Mount Isa in Queensland’s Gulf Country region is preparing for a critical decade with the development of its Future Ready Economy Roadmap.
Mount Isa is preparing for a critical decade with the development of its Future Ready Economy Roadmap. Stakeholders across government, industry, and the community have already contributed to shaping this crucial work, highlighting its significance to the region’s future. The Roadmap, set for release in February 2025, will outline simple and practical steps to diversify and decarbonise the local economy, build resilience, and improve social wellbeing.
The Roadmap is an initiative between the Mount Isa City Council, who commissioned and funded the project, and The Next Economy with support from Climate-KIC.
Mount Isa Mayor Peta MacRae said:“This initiative unites the voices of the community, industry, and government to create a strategy that addresses current challenges as well as harnesses new opportunities. As Mount Isa looks ahead, the Roadmap will serve as a vital guide, ensuring the region remains a vibrant, resilient place to live and work for years to come.”
A region facing increasing challenges and emerging opportunities
Climate-KIC’s Jason Nielsen with The Next Economy’s Reanna Willis and Kate Donnelly enjoying a Mount Isa sunset in-between workshops earlier this year.
Reanna Willis, senior project officer at The Next Economy, said: “Mount Isa is facing growing challenges, from mass job losses to regional connectivity to access to childcare and health services. It’s a critical time for the region to be exploring how to strengthen and diversify the region’s economy in ways that work for the community into the future.
“The people of Mount Isa get it. They know that, if this change is managed well, there will be more opportunities to improve the liveability, attractiveness and viability here. The region is well-positioned to capitalise on emerging opportunities including in critical minerals and renewables as well as strengthen existing industries like tourism. Realising this vision will require significant coordination, collaboration and strong investment from industry, government and the community.”
Council’s efforts towards economic diversification
Mount Isa City Council discuss priority areas where support is needed to build a stronger, more resilient future at a The Next Economy workshop in October 2024.
Mount Isa City Council is already taking proactive measures to drive economic diversification. Through detailed economic analysis, the Council has identified 60 stimulus projects designed to retain skilled workers and strengthen the local economy.
In October, in an Australian first, Council signed a memorandum of understanding with French-Canadian aeronautic company FLYING WHALES to establish a base for large capacity airships to transport heavy or bulky loads such as wind turbine parts.A technical feasibility study and business case is underway. (Read more in this ABC article)
Another notable initiative is the development of a Materials Recovery Facility (MRF), supported by $6.06 million from the Federal Government’s Building Better Regions Fund. Expected to be operational by 2025, the MRF will establish Mount Isa as a recycling hub for the North West.
Engaging with the community
A series of workshops with stakeholders across government, industry and community in 2024 will help shape the Roadmap.
In September, The Next Economy held a series of meetings to gather feedback from First Nations people and community service organisations, ensuring the Roadmap reflects the needs and aspirations of the entire community. The Next Economy hosted a further workshop in October with Council to develop pathways to attracting the right attention and support behind local opportunities and priorities.
Michelle Paulsen, Remote Operations Manager at Centacare North Queensland, was among those who participated in a series of community workshops earlier this year. She highlighted the importance of staying informed about the local economy’s changes and their impact on the community:
“From emergency relief to supporting families and children, the demand for Centacare’s services is being affected by changes in the local economy and resources industry. Staying informed, sharing what we are witnessing on the ground, and engaging in new ideas helps us better support Mount Isa families and individuals in need.
“The workshops were a valuable opportunity to contribute to Mount Isa’s growth and future. Expanding my understanding of circular economy opportunities has given me greater insight into new areas of economic growth. I encourage anyone who cares about Mount Isa’s future and wants to support our local community to get involved.”
Get in touch to find out more about the initiative
MORE than 85 passionate community members have come together to explore ways to future-proof communities as part of Hay and Carrathool Shire Council’s Resilient Economy Roadmap Project.
The workshops – held in Hay, Rankins Springs, Hillston, Carrathool, Goolgowi and Merriwagga in late June – built on the picture of the region in NSW’s Riverina painted through earlier discussions, workshops and a community survey under the Roadmap project.
Alison McLean, Executive Manager – Economic Development and Tourism at Hay Shire Council said: “From farmers to business owners, grandparents to students, it was great to see such a diverse, passionate range of people show up with a wealth of knowledge and skills and ready to connect with one another and help bring about positive change.
“Together, they worked to identify common challenges, such as strengthening pathways into local employment, as well as opportunities that have the greatest potential to strengthen resilience across the region like diversifying our regional economy and continuing to grow the next generation of community leaders.”
Participants also identified strategies and actions councils, businesses, industries and communities can take over the next decade to leverage new opportunities, address current and emerging challenges and prepare for any future disruptions or change.
Of the experience, one participant noted: “The genuine buy in and contribution from the community members was invaluable”. Another said: “Our region has an optimistic ability to accept change and drive opportunities”.
Insights from the workshops will directly inform the development of the Resilient Economy Roadmap to be delivered in late 2024. Feedback on a draft Roadmap will be sought from the community in the coming months.
McLean added: “I can’t thank participants enough for their time and invaluable knowledge and insights. The voices of the community are vital in the success of this project – and the future of our region.”
The Resilient Economy Roadmap initiative is a collaboration between Hay and Carrathool Shire councils, The Next Economy, The Australian Resilience Centre, and communities across the region. Running from March to October 2024, it is funded jointly by the Australian Government and NSW’s Future Drought Fund and is part of the Regional Drought Resilience Planning Program.
To stay up to date on the project, follow the Resilient Economy Roadmap Facebook page. For further project information, please contact j.bell@nexteconomy.com.au
Have you ever wondered how inclusive the clean energy workforce is – or could be?
Australia is now firmly in the implementation phase of the energy transition, with more and more employment opportunities in the clean energy workforce. In fact, nearly half a million workers are projected to be needed to reach Australia’s 2030 renewable energy target alone.
The Next Economy is working with a range of stakeholders to explore how to expand the renewable energy workforce to include people who often face systemic barriers to employment. Specifically, in regions with growing demands for workers in clean energy.
The Inclusive Clean Energy Workforce (ICEW) project aims to ignite discussion about how we can work together to enhance diversity, equity and inclusion.
Our current discussion paper captures pivotal themes and insights drawn from a desktop review of literature and interviews with stakeholders across the clean energy sector, social services and employment sectors.
In mid-July 2024, we’re hosting a range of workshops to get feedback on this initial piece of work and to dive deeper into opportunities and practical strategies to enhance diversity, equity and inclusion in the clean energy workforce.
Opportunities and insights will be captured and shared in a series of sector resources and webinars in the second half of 2024.
Early findings and key points:
Every Australian deserves access to the benefits of clean energy development, including new and existing jobs required for the workforce
The current clean energy sector can improve on diversity, equity and inclusion despite already outperforming other energy sectors including coal and gas
Greater diversity, equity and inclusion not only improves outcomes for individuals, but also can for companies, communities, the sector and the economy
From access to training and education to workplace culture characteristics, there are several systemic, cultural and broader factors and barriers marginalised groups face accessing jobs in the clean energy workforce
Working together, stakeholders from industry, education and training, and civil society can enhance diversity, equity and inclusion in the clean energy workforce
If you’re interested in finding out more, or want to share your insights with us, please contact Jacqui Bell.
Partner with us! An exciting opportunity for one rural or regional community
The transformation of Australia’s energy system is underway, with regional communities playing a crucial role in hosting renewable energy and infrastructure projects. For communities to benefit and actively participate in this transformation, several challenges must first be addressed.
Striking a New Deal (SaND) is a new initiative working directly with community leaders and key stakeholders to drive better outcomes from the development of renewable and infrastructure projects in our regions.
We’re providing resources and support to one community partner for a whole year
SaND will partner with one rural or regional body – a local council, association or organisation – to help your community drive better social and economic outcomes from energy projects in your area.
Whether projects are yet to start, or right in the thick of it, we want to help you work with your community to build the capacity, find points of alignment and develop resources you need to advocate for your immediate and long-term needs.
The one-year program, from August 2024 to August 2025, will be co-designed by you depending on your needs, and the needs of your community. Community benefits can include:
We get it’s not easy to navigate the arrival of renewable energy and negotiate better outcomes for your community. And, from housing shortages to divisions between residents to impacts to nature, there could be multiple important issues to unpack along the way. Let’s work it out together, your way!
What’s the selection process and project timeline?
Submit your Expression of Interest (EOI) form online by 19 July 2024(the earlier the better!).
On receipt of EOI, eligible hosts will be formally invited to apply by 26 July 2024.
Short-listed applicants will be interviewed in early August 2024.
The project will run to August 2025.
Who is eligible to host the project?
We welcome applications from potential partners in any Australian rural or regional community with renewable energy or infrastructure projects planned or underway in your area.
Strong ties to your community
Capacity to actively participate in a year-long process
An interest in addressing issues and maximising benefits from renewable or infrastructure projects in your community
What are the expectations and costs for the host council, organisation or association?
SaND will cover key costs associated with delivering the program, including:
Our time and expertise
Access to a national network of community leaders and experts
Basic costs of community engagement activities, including venue hire and catering
Engagement with industry and government and communication of project outcomes
The host will need a dedicated contact within their organisation to:
Work with us to design a program specific to their community
Provide links to key stakeholders and organisations within the region
Support the organisation of community workshops and meetings
Champion actions developed through the process
We estimate a two to three hour per week commitment from the contact over the 12-month period, with more time-intensive periods during engagement activities.
What are the benefits of hosting?
Hosting the project offers many benefits for you and your community. This includes:
Support and assistance to plan for and manage for projects in your region
Learn and apply key insights from across Australia to your region
Join a network of regional communities working towards best practices and positive outcomes nationwide.
How does this relate to other community engagement processes occurring in our region?
This project takes a regional approach and works with community groups within a region to: understand each other’s diverse perspectives, to recognise the challenges and identify the opportunities.
This work is important preparation for informed, constructive and productive participation in other community engagement processes occuring in the region and also in negotiations.
By taking a regional approach, this work is place-based, strategic and practical, and is applicable to individual renewable project engagements through to broader REZ or Statewide engagements.
Connect: A national network of regional leaders managing the rollout of large-scale renewables will share knowledge, experience and inform the development of a national, place-based approach adaptable for other communities.
Partner: For one year, we will support a selected regional or rural community partner with the resources, capacity and expertise to drive better outcomes from local projects.
Inform: With our community leaders, we will share our insights with industry and state and federal government to help inform future practices and policies.
We ask Dr Katherine Trebeck, Economic Change Lead at The Next Economy
In a nutshell, what is a wellbeing economy?
An economy designed deliberately to work for people and the planet, not the other way around as so often seems to be the case today. It’s about creating a context in which people thrive, first time around, rather than having to deploy loads of resources trying to fix and repair after damage has been done. This means initiatives that speak to the purpose of the economy, prevention, predistribtion (not just redistribution), and a people powered economy.
So, it requires thinking about what activities we need more of because they help create that context and finding ways to expand those activities: being selective about what is growing, rather than pursuit of any sort of growth.
Are there any examples of using this framework successfully? If so, how?
Think about the wellbeing economy not so much as a framework, but more as a paradigm. It requires a substantial shift in how the economy is thought about and approached. It is about seeing the economy as a mechanism to meet our real goals, and certainly not something to which all other goals are subservient. Not only are we seeing a growing conversation and emerging such as the Wellbeing Economy Alliance initiatives where people are coming together to promote the agenda or its component parts, but there are loads of examples of governments and enterprises making the sort of changes that are necessary. For example:
Multidimensional measurement dashboards (Australia’s Measuring What Matters statement is an example of this) and support for social enterprises (the recently announced Social Enterprise Development Initiative, for example)
Circular economy production and public transport systems
Community or worker owned businesses such as the Earth Worker Cooperative in Victoria
Considering the environmental cost of the things we buy.
The challenge is that while there is no shortage of examples, often they are the exception that proves the rule. One nice illustration of the potential for this is seen in the Community Wealth Building work happening in places like Cleveland in the US and in Preston in the UK (plus in various parts of Australia too). In Preston, there has been research which shows the council’s efforts to procure locally, to support local businesses and local employment has meant the local economy has been more resilient, but also people’s mental health and reported personal wellbeing has improved.
How might the principles of a wellbeing economy help address current challenges posed by high cost of living pressures?
A key feature of a wellbeing economy approach is to look at the root causes of an issue, and not just respond crisis to crisis, symptom to symptom.
So in terms of cost-of-living pressures and high housing costs as a key part of that, a wellbeing economy approach would entail examining the way the housing market operates – who owns the houses? What taxes and incentives encourage the sort of ownership patterns that are forcing up prices? Why aren’t there more community housing cooperatives and other modes of providing housing in Australia?
It would then step back and reflect on what the ultimate goal is – shelter for people in Australia’s towns and cities. It would then think about what needs to change in the economy for more people to have access to good quality shelter – perhaps that means shifting taxes to discourage people owning more and more homes as investment devices? Perhaps that means changing planning laws to enable more community groups to co-own housing? Perhaps that means ensuring homes are built with high energy efficiency standards so once people move into them, they aren’t spending huge amounts on heating and cooling them.
And speaking of energy efficiency, a wellbeing economy approach is also about being ambitious for flow-on benefits – so if housing is being built, can it help address environmental challenges by needing less carbon and using more recycled materials? Can it help address equity and inclusion by being built by companies employing local people, which have gender balance in their teams, and which pay living wages etc? And can it help roll out models of enterprise that have a social purpose at their heart, so could the houses be owned by a housing cooperative?
How might Australia adopt a wellbeing economy framework? What are the steps that need to happen?
There’s a precondition for government acting – that’s people talking about it, and being able to imagine an economy that serves them, not the other way around: an economy that doesn’t generate so much inequality and put so much pressure on the planet. That will be helped by learning about examples of this in practice, even in small scale. Then policy makers need to step in to design the rules of the game so those good examples are common place.
What would a state or federal budget for a wellbeing economy look like?
It would use things like taxes and subsidies to support the sort of activities which are good for people and planet, and to discourage those that aren’t. In other words, it would ask what we need more of and how can mechanisms in the budget help cultivate them?
With the support of the Lord Mayor’s Charitable Foundation, The Next Economy is convening an ‘Upstream Lab’ to explore the economic root causes of many of today’s challenges, including how to take action where there is scope to prevent harm happening in the first place. More details to come as we roll out this exciting initiative.
On Tuesday 23 April 2024, The Next Economy’s CEO Dr Amanda Cahill addressed a Senate Committee Public Hearing in Canberra on the Net Zero Economy Authority Bill 2024 and the Net Zero Economy Authority (Transitional Provisions) Bill 2024.
Dr Cahill recognised the importance of a national independent authority to support workers, industries, and regional communities to manage the transition to net zero.
She also highlighted the need for a broadening of the scope of the Authority to ensure it is fit for purpose long into the future. TNE’s four key recommendations were to:
Expand the Authority’s role to support coal mining and gas regions not tied to domestic energy generation (fossil fuel exports) and other regions and economic sectors beyond fossil fuels (e.g. agricultural and critical mineral regions)
Provide direct support to regions to build capacity to enable them to undertake place-based planning and coordination to better manage the complex range of tasks required over time (e.g. from investment and support to long-term community benefits)
For the Authority to have independent funding to distribute at its own discretion to support regional planning, decision making, and economic development activities related to the transition.
Have at least one NZEA board member with substantial experience in regional development, community development and/or the social sector.
Have your say in online survey about ‘Energising the Future Economy of the Gladstone Region’.
Locals across the Gladstone Region are invited to participate in an online survey to share their thoughts on the future changes to the energy sector and how the region can take advantage of emerging changes to generate new economic opportunities.
The survey content has been generated following a series of in-depth community and industry forums involving people from across the region.
Acting Gladstone Region Mayor Kahn Goodluck says Council would like to know if other residents share these views.
“Council recognises that the unfolding changes in the energy sector pose both challenges and opportunities for the Gladstone Region and people working in industry,” Councillor Goodluck said.
“This online survey is part of our joint initiative with The Next Economy – Energising the Gladstone Region Future Economy.
“Feedback from community, government, industry and other stakeholder groups will guide us on what is required to adapt to a changing energy sector and to support our region over the next 10 years.”
We recently made a submission to the senate enquiry into the closure of the Hazelwood and Yallourn power stations in Victoria. This submission responds to the three points listed in the inquiry Terms of Reference, outlined below:
(a) impact of the closure of the Hazelwood Power Station on the economy and jobs of the Latrobe Valley, and the success or otherwise of economic recovery efforts to date;
(b) expected economic impacts of the proposed closure of Yallourn Power Station in 2028 and options the State Government can pursue to offset the loss of more than 1,000 direct jobs from the plant, as well as associated contractors;
(c) success or otherwise of the Latrobe Valley Authority (LVA) to help the region transition, in light of the decline of funding made available to the LVA over successive State Budgets.
We worked with the Queensland government’s Just Transitions Group to develop transition related policies and programs, including the Energy Transition Roadshow (in Rockhampton, Gladstone, Townsville and Cairns) funded by the Queensland Government in 2019/20. The TNE team brought together all levels of government, industry, unions, universities, environment and community groups together to explore how the energy transition was impacting on regions and how it could generate new economic opportunities.
We worked with Stanwell in the development of their corporate strategy, which has led to the company not only integrating transition planning into their five-year strategy but has also led to the development of a workforce and community engagement plan to enable the company to start talking about the inevitability of transition out of coal.
