The RBA has revealed it is purchasing just 20% GreenPower under a $10.9m electricity contract with Delta Electricity, having flagged sourcing all its power from renewables.
Victorian electricity distributor to spend $3m upgrading network in "solar hotspots" in four-month blitz to allow more rooftop solar power back onto the grid.
The UK government has told the Bank of England it must prioritise transitioning to a net zero economy when setting monetary policy.
Market rule maker looks beyond coal, and even gas, to batteries and a flexible two-way grid in review of grid reliability standards.
Greg Hunt's "fact checking" for vaccine misinformation should be copied by the energy department. But they'd be flat out checking their minister's own declarations.
A new resources roadmap could position Australia as a leading supplier of green materials, as long as Morrison can resist the urge to make it all about gas.
History doesn’t repeat but it sure does rhyme. With Australian property values commencing another strong upswing, the ‘bank of mum and dad’ is once again back in vogue. In January 2020, just prior to the COVID-19 pandemic, a survey showed that more than half of Australian parents were directly subsidising the lifestyles of their children,
The post Return of the bank of mum and dad appeared first on MacroBusiness.
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Australia must transition to net zero as fast as possible to ensure economic growth. But investment giant AXA says there is a risk of green bubbles forming.
Via Banking Day: Lousy payments volumes in February and January may put a dampener around relief at the 3.1 per cent rise in GDP in Australia over the December 2020 quarter, which dangled the prospect of achieving the hoped for ‘V-shape recovery’. While housing prices and consumer and business confidence echo the recovery story, research
The post SMEs ain’t booming appeared first on MacroBusiness.
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Via Goldman: Today, the European Commission issued guidance on the conduct of Member States’ fiscal policy with the aim of preventing “a premature withdrawal of fiscal support, which should be maintained this year and next”.As expected, the guidance includes a proposal to extend the general escape clause that suspends the EU’sfiscal rules for all Member
The post No post-recession hairshirt for Europe this time appeared first on MacroBusiness.
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Melanie Macfarlane, founding member of the International Student Education Agents Association and member of the Migration Institute of Australia, has penned an article highlighting how the international education industry is the key feeder of the ‘Big Australia’ mass immigration policy. Macfarlane explicitly admits that Australia’s international education industry has only grown so big because studying
The post Migration agent: International education is an immigration scam appeared first on MacroBusiness.
The commodity boom continues to rain riches down on Australia with Australia’s trade surplus soaring to a new record high $10.1 billion after increasing by $3.0 billion in January, according to the Australian Bureau of Statistics. The increase in Australia’s trade surplus was driven by a strong lift in exports, which rose $2.3 billion in
The post Australia’s trade surplus soars to new high appeared first on MacroBusiness.
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
The Australian Bureau of Statistics (ABS) has released retail sales data for January, with sales turnover rising 0.5% month-on-month to be up 10.6% compared with January 2020. The next chart shows the strong rebound after April’s record 17.7% monthly decline caused by the national coronavirus lockdown: Food retailing (+1.6%) and Other retailing (+1.4%) drove the
The post Aussie retail sales continue upward march appeared first on MacroBusiness.
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
MB Fund’s Chief Economist Leith van Onselen, Head of Investments Damien Klassen, Head of Advice Tim Fuller and Economist Dr Cameron Murray discuss the drivers behind Australian Housing’s recent upwards roar. You can find Cameron at Fresh Economic Thinking On the agenda: Strongest growth in property prices since 2003 Mortgage & Auction markets are booming
The post MB Fund Podcast: Australian Housing roars upwards, with Dr Cameron Murray appeared first on MacroBusiness.
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
