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The Queensland economy would be 7 per cent larger in 2050 if it adopted net zero emissions, according to a Deloitte report commissioned by the Climate Council.
Business
The Queensland mining sector contributed a record $84 billion to the economy in 2020-21 and about $58 billion came from coal, according to a Queensland Resources Council report.
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Queensland’s reliance on coal will come with an significant economic impact as the world moves to net zero emissions, with the economy forecast to contract by 5.9 per cent by 2050 and employment to fall by almost 100,000, according to an academic analysis.
Decarbonising the Queensland economy to get to net zero emissions would cost at least $100 billion, according to former CleanCo chief executive Maia Schweizer.
The fate of about 170 jobs and millions in investment at Incitec Pivot’s Gibson Island ammonia plant in Brisbane now rests on whether a plan to convert to hydrogen was feasible.
Home builder Tamawood said inflation in the industry had blown out so much that subcontractors were earning about double the income of 18 months ago and materials had increased by up to 100 per cent.
Domino’s chairman Jack Cowin has made a pitch to the world’s youth as he flagged a new problem for the food industry – a 10-year labour shortage.
Business
Business
Business
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