Economic recovery, resilience and prosperity after the coronavirus

Economic recovery, resilience and prosperity after the coronavirus (PDF) (Word) identifies measures previously proposed by the Climate Change Authority that could contribute to a ‘triple-win’ economic stimulus package in response to the economic impacts of COVID-19.  

By taking account of risks and opportunities in sight, stimulus measures could build Australia’s resilience to the economic impacts of a changing climate and position Australia to take advantage of our abundant clean energy resources and emerging low-emissions technologies. It’s a win-win-win opportunity for economic recovery, resilience and prosperity in a low-emissions world

The Authority has identified six key areas in the report that present triple-win stimulus opportunities:

  • boosting jobs and reducing costs with energy productivity
  • accelerating the transition to clean, reliable and affordable electricity
  • supporting industry growth and competitiveness
  • investing in electric vehicles
  • enhancing agriculture and natural environments
  • fostering innovation, technology, research and development. 

Consultation

The Climate Change Authority consulted widely as part of the report Prospering in a low-emissions world: An updated climate policy toolkit for Australia, which was released in March 2020. The Authority received 67 written submissions and held meeting with individuals from over 50 organisations that provided the foundations of the analysis for this report. 

Further consultation was conducted in May and June this year to seek input from government agencies involved in the stimulus response and with a cross section of industries and civil society affected by the crisis. The Authority is grateful to those individuals and organisations who contributed time and expertise to enhance the quality of the report and inform its findings.