December 2021
Comparing the Coalition and Labor’s climate modelling reveals some underlying truths
It’s no surprise the Business Council, the Australian Industry Group and the National Farmers’ Federation are supporting Labor’s position.
November 2021
‘The worst bit of modelling I’ve ever seen’ — Unpacking the Federal Government’s Net Zero Modelling
The Federal Government’s net zero modelling is little more than an exercise in magical thinking
Audacity of hype: Scott Morrison is betting voters will settle for plans over performance
Scott Morrison thrives in the empty space between three-year terms and 30-year plans. Whether it is climate change, nuclear submarines or budget repair – it is no accident the prime minister with the shortest planning horizon in living memory is our greatest announcer of long-run plans. While the vacuousness of Morrison’s net-zero “plan” and his
The needle and the damage done
The federal government’s handling of the pandemic has been the worst public policy screw-up in Australian history
September 2021
Richard Denniss: Australia’s carbon credits are a joke. Taxpayer money is being wasted on ‘hot air’
If a tree doesn’t fall in a forest, was the climate really saved? Sadly, such esoteric questions have become the main game in the topsy-turvy world of Australian climate policy, where rising emissions from the oil and gas industry are ‘offset’ by not chopping down trees. The polite term for the creation of dodgy carbon
Christian Porter has the right to remain silent. But the PM must show leadership
Christian Porter has the right to remain silent about who funded his legal bills but, thanks to draconian laws drafted in the wake of the September 11 terrorist attacks, you do not have the right to remain silent. Forget what American TV has taught you, in Australia you do not always have the right to
Morrison and Berejiklian are attempting to shift the blame for Covid on to us
In an amazing feat, both leaders shift attention away from their past performances and on to future freedoms to be granted, based on decisions made by the public In the ultimate expression of neoliberal language, prime minister Scott Morrison and New South Wales premier Gladys Berejiklian are gradually shifting their messaging away from the dangers
Roll out the pork barrels
Why politicians love being caught rorting in their electorates
Test, Trace, Isolate and Quarantine
The Doherty Modelling makes clear that without a highly functioning Test, Trace, Isolate and Quarantine (TTIQ) system we have no chance of stopping Australia’s ICUs from being overwhelmed; the problem is the effectiveness of TTIQ declines as case numbers rise and that has not factored into the modelling.
August 2021
Richard Denniss: Scott Morrison’s COVID-19 plan is more spin than science
The same Prime Minister who spruiks ‘technology not taxes’ as a climate change strategy is now championing ‘pharmaceuticals not physical distancing’ in the battle against COVID-19. As always, his slogan is more spin than science, and the phoney distinction will be dangerous to our health, our wealth and our society. Just as virtually every economist agrees that
The Wealth Explosion
In 2020, Australian GDP was $2 trillion but Australian households received another $1.7 trillion in capital gains as overall wealth increased to $12.7 trillion. But Australia currently has no taxes on wealth, so what does that mean for the economy in the long term and for reducing inequality?
Reset with Professor Ross Garnaut
Recorded live on 24 February 2021 as part of the Australia Institute webinar series. Professor Ross Garnaut is an economist and author of new book Reset – which explores the opportunity Australia has to reset its economy in the wake of the pandemic. Warning: there is a bit of feedback on the audio for the
Scott Morrison is stuck
Scott Morrison has an answer for everything and a solution for nothing. Like the neoliberalism of which his party was once so proud, he is all promise and no delivery. His press conferences have long been a masterclass in dictating the terms of debates, dodging accountability and delivering attacks on his rivals. But now that
The Coalition’s track record shows why its opposition to a Covid vaccine cash incentive is inconsistent
Scott Morrison’s government loves financial incentives when they’re for CEOs and high-income earners As any parent or child knows, sometimes threats work, and sometimes bribes work. Despite the Morrison government planning to spend $180bn on tax cuts to those earning above $200,000 per year as more incentive to work hard, the Coalition are arguing that
Not all taxes are created equal
The government’s massive $300 billion income tax cuts package will proceed in full, making inequality worse and mainly benefitting high income earners. But what makes a tax good or bad? This week, Richard Denniss and Matt Grudnoff explain the principles of a good tax and run the ruler over different types of taxes like income
July 2021
Playing the states against each other back-fires on the Prime Minister
Like a struggling middle manager, Prime Minister Scott Morrison has been playing the states against each other to distract from his own poor decisions. The interstate fight for vaccines, funding, and even praise from the Prime Minister, now dominates Australia’s response to COVID. But if COVID rarely breached our quarantine, if there was plenty of
Costello exaggerated the costs of ageing. Why won’t the Coalition face up to the costs of the climate crisis?
Ministers are spending millions to fight the ruling that they must think about future generations when making planning decisions The environment minister, Sussan Ley, has announced she will spend millions of dollars appealing a federal court judgment that she has a duty of care to protect Australian children from climate harm. She’s not alone in
Going to hell in a handbasket
Births declining, fewer people working, health funding will double and deficits for years to come. The latest Intergenerational Report (IGR) has been released and the government wants you to be scared. But it turns out the IGR is rubbish at making predictions. Join Richard Denniss as he uncovers the hidden assumptions buried in the Intergenerational
The wrong call
When the University of Newcastle appointed the Chair of Whitehaven Coal as its new Chancellor, it prompted a swift and public backlash from students, staff, philanthropists and alumni. Join our chief economist Richard Denniss as he unpacks the problems with the university’s decision, the community who challenged that decision and why Vaile ended up resigning
June 2021
Choosing between more jobs and a cleaner environment
The more a company invests in safely handling waste the more jobs it will create, the less damage it will do to the natural environment and the less harm it will do to the tourism, agriculture and fisheries industries that are built on the image and the reality of Tasmania’s clean environment. While it is
The Ute-led recovery
There has been an enormous surge in the sale of utes, due to the instant asset write-off in the Budget. But just how effective is this in terms of stimulating economic growth and creating jobs? Dig into the details and find out how we’re spending billions of dollars to make our car fleet bigger, heavier
Scott Morrison is the accidental architect of a carbon tax – whether he likes it or not
While Australia sticks to accounting tricks, calls by other countries are growing to impose a carbon price on our export Who would have thought that Scott Morrison would be the one to reintroduce a carbon tax? And who would have thought it possible to design a carbon tax on Australian polluters that delivered revenue to
Richard Denniss explains why he’s returning his alumni award for National Leadership the University of Newcastle in the wake of Mark Vaile’s appointment as chancellor
You can’t be a leader if you follow people down the wrong path, which is why, with a heavy heart, I am returning the alumni award for National Leadership the University of Newcastle bestowed on me in 2017. I cannot understand how the council of a university whose motto is “I look ahead” could appoint
Mice, floods and the climate crisis: why your insurance won’t cover society-wide catastrophes
The best way to keep premiums down is to prevent climate change and the disasters it causes No matter how much you pay for your home or car insurance, if your property is damaged by mouse plague, nuclear radiation, war or rising sea levels you are almost certainly on your own. If you’re lucky, your
Ignoring the gap
The budget shows that the government is not interested in lifting women out of poverty
May 2021
Taxes on electric vehicles will slow Australia’s progress. It’s not complicated
While most of the world offers incentives to people buying EVs, our government hands out subsidies for utes As a rule of thumb, it’s good economics and good politics to tax the things you want less of and subsidise the things you want more of. That is why the Australian government raises so much tax
Josh Frydenberg’s wages trap
Josh Frydenberg is playing us all for mugs – and I’m not talking about those ridiculous “Back in the Black” coffee cups he had made in 2019. With his third Federal Budget, Frydenberg has delivered on Matthias Corman’s strategy, which he revealed when he let the mask slip in an interview with Sky News on
The budget’s affordability measures won’t lower Australia’s house prices. They weren’t designed to
There are ways to make housing cheaper for those locked out of the market, but little political will to let house prices fall Do you want house prices to be higher or lower? I think they should go down, but relax, few people agree with me. Especially people who already own a home or four,
The government’s embrace of ‘clean hydrogen’ helps no one but the fossil fuel industry
Nothing captures prime minister Scott Morrison’s approach to climate change better than his embrace of “clean hydrogen” – a BS marketing term that delivers nothing but obfuscation and helps no one but the fossil fuel industry. Tellingly, this approach isn’t even new: Morrison has simply dusted off an old polluter playbook and changed a few
April 2021
How can NSW allow new coalmines while committing to net zero emissions? It’s bizarre
New mines won’t boost world demand for Australian coal — but they will cannibalise jobs from existing coalmines The New South Wales government is simultaneously committed to a net-zero emissions target for 2050 at the same time as new coalmines in the Hunter Valley with the capacity to produce 10 times more coal than Adani’s
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