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The Economic Perspective 4 October 2024

Hello dear readers!


Happy Friday! The week's first article highlights that the water flows in the Murray-Darling Basin have been declining. This is due to lower autumn rainfall caused by climate change. In the second article, Australia's renewable electricity workforce needs to double to meet Australia's 2030 renewable energy target. The third article outlines that most of Australia's oil and gas well require decommissioning in the future. Australia requires extensive skilled labour for the decommissioning. Finally, there is room for waste to become a valuable opportunity for mining and resource extraction.


Take a look at this week's video where the Government aims to halve food waste by 2030. Hope you enjoy this week’s EP and have a lovely weekend.


Tim Hanigan

Economist 









 

The Latest Trending Economic News Curated for You by Balmoral Group Australia



New research reveals why the mighty Darling River is drying up – and it’s not just because we’re taking too much water

Water flows in mainland Australia’s most important river system, the Murray-Darling Basin, have been declining for the past 50 years. The trend has largely been blamed on water extraction, but our new research shows another factor is also at play. Read more here.



Our electricity workforce must double to hit the 2030 renewables target. Energy storage jobs will soon overtake those in coal and gas 

The electricity workforce will need to double in five years to achieve Australia’s 2030 renewable energy target, our new report finds. More than 80% of these jobs will be in renewables. Jobs in energy storage alone will overtake domestic coal and gas jobs (not including the coal and gas export sector) in the next couple of years. Read more here



Where do we stash the equivalent of 110 Sydney harbour bridges? That’s the conundrum Australia faces as oil and gas rigs close 

Oil and gas wells are dotted off Australia’s shores. They involve huge steel structures fixed firmly to the sea floor, and thousands of kilometres of pipelines. Read more here.



More consumption, more demand for resources, more waste: why urban mining’s time has come 

Pollution and waste, climate change and biodiversity loss are creating a triple planetary crisis. In response, UN Environment Programme executive director Inger Andersen has called for waste to be redefined as a valuable resource instead of a problem. That’s what urban mining does. Read more here.




 













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