Restoring Australia After the Pandemic Recession Ross Garnaut

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LA TROBE UNIVERSITY PRESS MEDIA RELEASE Reset Restoring Australia after the Pandemic Recession Ross Garnaut From the bestselling author, a ground- breaking sequel to Superpower. In Reset, renowned economist Ross Garnaut shows how the COVID-19 crisis offers Australia the opportunity to reset its economy and build a successful future – and why the old approaches will not work. Garnaut develops the idea of a renewable superpower, he calls for a basic income and he explores what the ‘decoupling’ of China and America will mean for Australia. In the wake of COVID-19, the world has entered its deepest recession since the 1930s. Shocks of this Release date: Monday, 22 February 2021 (DAILY) magnitude throw history from its established course – AU RRP: $32.99 NZ RRP: $37.00 either for good or evil. In 1942 – in the depths ISBN: 9781760642822 of war – the Australian government established a Imprint: La Trobe University Press Department of Post-War Reconstruction to plan Format: Paperback a future that not only restored existing strengths but Size: C (234 x 153mm) also rebuilt the country for a new and better future. Extent: 368pp As we strive to overcome the coronavirus challenge, Subject: Politics & Government; Economics; we need new, practical ideas to restore Australia. Society & Culture This book has them. Embargo: ROSS GARNAUT is the professorial research fellow in Monday, 22 February 2021 economics at the University of Melbourne. In 2008, he produced the Garnaut Climate Change Review for the Media enquiries: Australian government. He is the author of many books, Anna Lensky including the bestselling Dog Days and Superpower. [email protected] 0425 766 780 Black Inc., Level 1, 221 Drummond Street Carlton VIC 3053, Australia Phone +61 3 9486 0288 • [email protected] • blackincbooks.com La Trobe University Press is an imprint of Schwartz Books Pty Ltd. ABN 75 748 797 539.

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Super-Power by Ross Garnaut [These Are Notes I Have Made for Myself from the Text After I Have Finished Reading It
Super-power by Ross Garnaut [These are notes I have made for myself from the text after I have finished reading it. My copy is now heavily marked with pencil!] 1 CHAPTER 1 A PERSONAL REFLECTION ON AUSTRALIA’S CLIMATE CHANGE ODYSSEY 4-5 MDBA, Feb 2019: 5 major b-gr algae blooms in last 13 years; 4 in previous 65. 5 2012, MDBA: 1961-90 avg runoff / annum = 48mm; 1999-2008 = 27 mm Difficult to differentiate natural variation from climate chg impacts, so they didn’t take forecasts into account → not enough water to supply even the minimum of plan 5 Paris Agr – all signatories agreed to work to keep temp increases to 1.5C – need to work ‘decisively towards zero net emissions by 2050.’ 7 ‘I worked with partners in South Australia to develop Zen Energy’ – towards renewable energy production in SA + Whyalla Steelworks – now with Sunshot Energy 8-9 ‘Now, much more than was anticipated a decade ago, we can be confident that we will be richer materially sooner rather than later, as well as very much richer in human and natural heritage, should we embrace a zero-emissions future.’ BECAUSE i. ‘Per person, Australia has natural resources for renewable energy superior to any other developed country and far superior to our important economic partners in northeast Asia. Together with our strengths in mining, this makes us the natural home of processing mineral ores and some foodstuffs.’ ii. ‘… the immense opportunity for capturing and sequestering, at relatively low cost, atmospheric carbon in soils, pastures, woodlands, forests and plantations.’ 12 ‘The low-carbon world economy will be especially favourable for rural and provincial Australia.’ 13 Maybe the mess we leave will be ‘manageable’ 15 CHAPTER 2 EXORCISING THE DIABOLICAL POLICY PROBLEM 16 CLIMATE CHANGE AND ECONOMIC DEVELOPMENT -- ‘Climate change will not be stopped by ending development.
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Australia's Climate
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Professor Ross Garnaut - The importance of economics in environmental governance Just as an objective reality without any normative comment I think I probably have held very senior offices in government, business and academia in a way that no other Australian has. Most of my life that’s been relatively easy moving between them, it’s become much harder lately, and climate change made it very hard, the polarisation of thinking about that that meant that for example – well I chaired the board of two very large mining companies, one of the top 20 companies on the Australian stock exchange for a while. Somehow my old friends in the mining industry thought of me as a traitor which was to me a very strange idea. It showed that one couldn’t in all circumstances move comfortably across the spheres that I’d been moving across for most of my life. I think that you’ll find some interest given your topic in this project in a book I have got coming out next month called Dog Days: Australia After the Boom, which reflects on the deterioration, or what I see as the deterioration, of Australian political culture since the turn of the century in ways that has made it harder for governments to govern in the public interest. That’s the theme of the book. Dog Days of course were the names given to the hottest days of midsummer, first by the Egyptians and then by the Greeks and Romans, people around the Mediterranean, where at the end of July and early August you had days that were quite intolerably hot.
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The Australian Journal of Journal of the Australian Agricultural and Resource Economics Society Australian Journal of Agricultural and Resource Economics, 58, pp. 642–643 2013 AARES Distinguished Life Member Ross Garnaut Distinguished Life Member of AARES is the highest award conferred by the Society and is designed ‘to recognise members of AARES who have made an outstanding contribution to the advancement of agricultural and resource economics through extraordinary service to the administration and advance- ment of AARES, extraordinary service to the community more generally or the achievement of some other great distinction in agricultural and resource economics.’ Professor Ross Garnaut clearly meets the criteria for this award. Professor Garnaut is Vice-Chancellor’s Fellow and Professorial Fellow in Economics at The University of Melbourne. He is also Distinguished Professor of Economics at The Australian National University (ANU). His past appointments include Professor of Economics, Research School of Paciﬁc and Asian Studies, ANU (1989–2008) and Head of the Economics Department and Division of the Research School of Paciﬁc and Asian Studies at ANU for over a decade from 1989. He was Chair of the Board of Management of the Australian Centre for International Agricultural Research from 1994 to 2000 and Chair of the © 2014 Australian Agricultural and Resource Economics Society Inc. doi: 10.1111/1467-8489.12088 Ross Garnaut 643 Board of Trustees of the International Food Policy Research Institute (Washington D.C.) from 2006 to June 2010. Ross was Australian Ambassador to China (1985–1988) and principal economic adviser to Prime Minister Bob Hawke in the 1980s. He was also Chairman, Primary Industry Bank of Australia Ltd (1989– 1994) and Chairman, Bank of Western Australia Ltd (BankWest) (1988– 1995).
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