The Vitality Strategy Of Australia

Through the use of differing policies the government aims to achieve goals relating to economic growth, environmental sustainability and equitable income distribution. The government works towards achieving all goals related to the achievement of economic objectives such as economic growth, external stability, unemployment/ employment, inflation, income distribution and environmental sustainability. However, not all economic policy objectives are achievable and governments are required to make decisions on the necessity of objectives and pursue the ones they believe will benefit the Australian economy. Even so, the government has varying levels of success in achieving economic policy goals.

This essay has outlined all the current positive aspects of Australian society, but we need to address the future and the sustainability of our environment for our grandchildren. The federal government is addressing this issue by introducing a carbon-trading scheme. This carbon trading scheme, where the tax on carbon producing goods and services go into a positive influence on the environment, for example planting trees. The Australian government is following leads by other countries in this circumstance.

Australia is home to one of the largest mixed economies in the world. Our mining and agricultural sectors are two vocations we are heavily dependent on, together they account for 12% of the GDP.

The world price of Australia 's mining exports has more than tripled over the previous decade, while investment spending by the mining segment expanded from 2% of GDP to 8%. This mining speaks to one of the biggest shocks to hit the Australian economy in generation. This paper endeavours to evaluate some of Australian economics’ effects to the mining industry, utilizing top-down analysis of the Australian economy. It will demonstrate the mining has significantly expanded Australian living standards.

A concern raised by a group of environmentalists over a threat to the Great Barrier Reef is carbon dioxide (CO2) emissions that emit from the burning of coal. The federation government environment minister, Mr. Greg Hunt approved a 16.5 billion dollar project to Indian mining company so called Adani mining company. According to Queensland premier and the Adani mining company, claimed that the investment of coal mine extraction would create 10,000 jobs for local residents and inject 22 billion dollars for the Queensland state’s economy.

It has recently come to light that Glasgow and the West of Scotland have been using a great deal of our earth’s precious finite resources. To combat this we must take advantage of our valuable surroundings and look for long term replacements such as solar, wind and tidal power as well as geothermal and hydroelectric sources. In the interest of our planets wellbeing and our country’s economy, the engineers at SECC have created the following report. Our aim is to help you realise the potential of these alternative sources and push for them to replace the power plants burning through our finite resources.

The regulatory constraints on businesses from government have been subdued recent years. Fulfilling the function of the state, Prime Minister Tony Abbott’s government proposed a new climate policy that the government will put off the existing levy on emitters and set up fund with as much as $2.6 billion to subsidize the mining enterprises in cutting green-house gas emissions (Anderson, Scott 2014). The subsidy released the financial burden of carbon tax which cost BHP $77.5 million in 2013 (Financial Review 2014) as an enabler in mining industry (Conrad 1993).

Countries around the world have agreed that to avoid potentially dangerous climate change, global warming stay below 2 degrees C. This means that every country, including Australia will need to significantly increase their efforts to reduce emissions. Currently, Australia’s per capita emissions are among the highest in the world, however, there has been recent progress in decarbonising its economy. For example, greenhouse gas emissions have remained stable while economy size has almost doubled. (Pathways to deep carbonisation).

With the increasing Australia’s population the demand for reliable energy to support our power needs now and into the future is escalating, with majority of the Australia’s energy depending solely on coal power with concerns arising on whether this is the best option for Australia’s future or focus more on harnessing green renewable energy. This essay will argue that green energy is the best option over coal power, for the world and Australia’s future, such as solar and wind. The biggest challenge though will be finding a way in being able to harness the resources nature provides to support the growing demand.

Although the Abbott’s government has an intention to subdue regulatory constraints on businesses by repealing the carbon tax, recently the senate has voted to block carbon tax repeal legislation which was convicted as ineffectiveness and high costing (Griffiths 2014). As a result, the carbon tax remains relatively high at a price of $24.15 per tone of CO2e Rio (Tinto Coal Australia 2011) which cost Rio Tinto $36.3 million in the last fiscal (Rio Tinto Coal Australia 2013), representing a “big government” trait. Attributing to the

In Australia, there is an emerging consensus that the government should take further actions to help mitigate and combat climate change. The current most accepted policy by government is the introduction of a carbon tax followed by an ETS in 2015. However we are focusing on the carbon tax in this essay and not the ETS. Here is a brief explanation of the dynamics of a carbon tax. A carbon tax is a tax on energy sources, which emit carbon dioxide (Co2). Therefore, carbon taxes address the problem of negative externality. Externalities are the subsequent effects when individual production or consumption of a particular good or service imposes costs or benefits on others. Therefore negative externalities are effects, which pose harm to others without their direct interaction (Basic Economics 2011). However, usual market practices and transactions do not reflect these cost and benefits in the prices involved in the transaction, or take into account in their transaction decision. Therefore this is a form of market failure. By imposing a cost on these negative externalities, the hidden cost can be addressed. Ultimately the purpose of a carbon tax is to reduce emissions of carbon dioxide and therefore reduce

In February 2011, the Australian federal government declared a scheme to implement a Carbon Tax from July 1, 2012. Implementing this scheme has generated a controversial debate between Australians. The term “Carbon tax” refers to an environmental tax forcing polluters to pay per ton of carbon which they release into the atmosphere. This essay will provide the economical, social and political implication of carbon taxes, also with its introduction who will benefit and who would suffer.

However, the Gillard government has instituted one fairly radical and controversial policy: the new imposed carbon tax which took effect on July 1, 2012. The tax requires 500 of Australia's top polluting companies to "pay a fixed price, starting at Aus$23 per tonne, for their carbon dioxide emissions for the first three years. The mechanism would then shift

Global warming is a phenomenon leading to climate change. Human activities, especially the burning of fossil fuels releases large amounts of greenhouse gases. These gases absorb infrared radiation and cover the atmosphere. More and more infrared radiation is inside the Earth, which becomes warmer. This process is called global warming (Houghton, 2005). Australia is one of the countries, which is suffering from climate change. The average temperature of Australia has increased by 0.7°C since the past century. Average precipitation in the southwest and southeast in Australia will decrease in future decades, while northwest regions will increase in precipitation. Moreover, Australia’s coastlines will suffer from erosion and inundation because it is estimated that there will be an 8–88 cm increasing global sea level (Preston and Jones, 2006). Owing to climate change, Australia’s biodiversity, ecosystems, and natural habitats are destroyed. For example, the habitat of the Great Barrier Reef and coral communities are disappearing (Preston and Jones, 2006). Owing to the effects and it is energy crisis in the future, exploring the renewable energy source feasibility and sustainable development is necessary. Therefore, in the long term, the potential of wind energy and solar energy could be the answer to global warming in Australia and determine the current barriers to renewable energy in terms of the energy industry and the locations in Australia.

Sunlight based vitality is a limitless asset. The sun produces inconceivable measures of renewable sun based vitality that can be gathered and changed over into warmth and power.