The Economic Perspective 11 April 2025
- klarsen94
- Apr 11
- 2 min read
The Latest Trending Economic News Curated for You by Balmoral Group Australia
Hello, and happy Friday!
Energy has been one of the main topics of discussion for the upcoming elections. As such, this week we have articles that cover different aspects of it. Firstly, the issue of energy security is discussed. In August 2024, the Department of Climate Change, Energy, the Environment and Water reported that the share of refined product consumption that comes from imports reached a record-high of 80%. We have an article that discusses whether switching to EVs could improve Australia's energy security or whether the trade-offs are worth it.
Additionally, we have an article that discusses whether nuclear power could be viable in Australia and the role of renewable energy in lower household's costs. Finally, we have a report from the International Energy Agency that highlights the significant rise in energy demand from AI datacentres in the upcoming years. In some countries, the U.S. for example, consumption is expected to surpass high energy-intensive industries such as steel manufacturing. This could put additional pressure to systems as renewable energy production is expected to grow at a lower rate.
Check out this week's articles for more on these topics and have a great weekend!
The triple play: Growth, profit, and sustainability
Revenue growth is good. Profitable growth is better. Profitable growth that advances ESG priorities is best. Here’s how outperformers who actively choose growth deliver the growth trifecta. Read more here.
If Australia switched to EVs, we’d be more reliant on China’s car factories – but wean ourselves off foreign oil
Australia has huge reserves of coal and gas – but very little oil. Before the 20th century, this didn’t matter – trains ran on local coal. But as cars and trucks have come to dominate, Australia has become more and more reliant on imported oil. Read more here.
As the debate around renewables and nuclear continues, here is what the experts say
Russell Mowbray lives in one of the 39 per cent of all Australian homes that have solar panels. His house renovation doesn't include loads of energy features, that are, in his words, "the bee's knees", but what his growing family can afford... Read more here.
Energy demands from AI datacentres to quadruple by 2030, says report
The global rush to AI technology will require almost as much energy by the end of this decade as Japan uses today, but only about half of the demand is likely to be met from renewable sources. Read more here.
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