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Ross Garnaut

Contributor

Ross Garnaut is emeritus professor of economics at University of Melbourne. His new book Let’s Tax Carbon and Other Ideas for a Better Australia is published by Black Inc with La Trobe University Press.

Ross Garnaut

Yesterday

RBA governor Michele Bullock.

There’s a compelling case for RBA reducing interest rates on Tuesday

The board has created expectations of no rate cut at the final meeting of 2024. That’s the mirror of its 2021 error when it implied there would be no rise.

November

Vice President Kamala Harris, the Democratic presidential nominee (left), and former president Donald Trump, the Republican presidential nominee.

The economic consequences for Australians of Trump or Harris

The Democratic candidate would be better for Australia on climate change, the risks of a US deficit-driven financial crisis and a bit better on trade.

May

Critics wrong about our clean energy ‘superpower’ plan picking winners

We share concerns about arbitrary government intervention, but our carbon pricing model is designed to minimise those risks.

February

Why economist Richard Holden is wrong on energy

Here is our response to Richard Holden’s common misrepresentations and distortions of our carbon solutions levy proposal.

May 2023

Good economic outcomes are not about monetary policy alone

The RBA review should have paid more attention to what Keynes once said about uplifting performance coming from a full orchestra, and not a virtuoso performance on a single instrument.

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March 2023

US ambassador to Australia Caroline Kennedy.

Australia doesn’t need America’s destructive green protectionism

Australian knowledge, talents and natural advantages, not US subsidies, will underwrite decarbonisation of the rich and densely populated economies of Asia and Europe.

September 2022

Ross Garnaut

Why we need policies that we now think impossible

The realities facing Australia are much more dangerous than revealed to the electorate in May. We must recognise the need for policies that we now think impossible.

June 2022

Bob Hawke and Paul Keating changed the culture of political thinking.

A will to reform is best fix for a dreadful set of numbers

Australia’s elites and vested interests have to change their ideas on what is possible with serious public policy thinking.

April 2022

Why we need to stop kidding ourselves about climate change

Climate change connects crucial Australian interests, and we are the developed country that has most to lose from climate disruption.

December 2021

The government’s road map stops a long way short of an internationally credible destination.

Catch the energy superpower tide to defeat recovery headwinds

Committing to stronger action on the climate is an opportunity for Australia to put the years of stagnation behind it, and move into a new era of rising real incomes.

Treasurer Josh Frydenberg has made the return to the full employment of the 1950s and ’60s a policy objective – for the first time for several decades.

Why Frydenberg is aiming for full employment

Fixing how the tax and transfer system would lower underemployment and lift living standards. And help put a three in front of the jobless rate.

Voluntary climate action won’t reach net zero

‘Technology not taxes’ is not enough. A price on carbon is needed to make more expensive lower-emissions innovations the cheaper option.

November 2021


The Morrison-Joyce Government’s Roadmap suggests that hydrogen exports could be worth $50 billion annually by 2050.

Climate protectionism wastes Australia’s energy comparative advantage

By opting to protect dirty fossil fuels, we risk missing out on the clean industry export opportunities of the low-carbon future,

To avoid being a drag on the international effort, Australia has to do as much as other developed democracies.

Morrison ‘plan’ is kidding about Australia reaching net zero

Five policy adjustments to reduce emissions faster would put our hand on the side of stronger global climate action in our national interest.

It was agreed at COP26 that unabated coal use would be phased down - with India, China, Russia and Australia deflecting pressure for stronger wording.

Australia’s missed energy opportunity in Glasgow

By standing with China, Brazil and Russia at COP26, the country failed to support the global progress critical to its future as a low-carbon superpower.

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April 2021

Reserve Bank of Australia Philip Lowe at the Australian Financial Review Business Summit 2021 ‘Team Australia Rebuilds’ held at the Hilton Hotel, Sydney on March 10, 2021. Photo: Dominic Lorrimer

Historic change sees RBA leave the dog days behind

It’s taken the global pandemic for the RBA to finally ditch the too-tight monetary policy that held the economy back after the global financial crisis.

December 2020

President-elect Biden is committed to much more fiscal expansion, and will get a substantial part of his way.

What Bidenomics means for Australia

Monetary policy differences with the US could push the Australian dollar higher and hold back the recovery. But the biggest risk is being isolated from Joe Biden on climate change.

August 2020

Investment in a low-carbon economy will build a prosperous future for Australia.

Reconstruction can blow post-virus dog days away

Australia must break sharply with pre-COVID-19 politics and policy so the economy can snap back better from the most severe downturn since the 1930s.

November 2019

Australia can still process metal for countries without our wind and sun resources.

Three reforms that can make us the world's low-carbon superpower

No other country has the new energy opportunities that we do. And changes needed are consistent with government policy.