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Older, bigger, slower growing, more diverse. Living standards at risk of going backwards. These were the key takeaways from the latest Federal Intergenerational Report (IGR), writes Dr Liz Allen. The intergenerational bargain or contract, which implicitly suggests that the country handed to each subsequent generation is the same, if not better, than the socioeconomic conditions enjoyed previously, has been eroded. Increasing or maintaining living standards can no longer be guaranteed. Australia’s dumb luck has run out.
A systems approach requires us to have a wider lens on the interconnectedness of our systems and act accordingly. For the clean-energy transition, at a minimum, that means recognising biodiversity is just as important to our climate as reducing emissions, and reducing emissions won’t be achieved without addressing inequity in our current systems, writes Professor Ingrid Burkett.
Read more Opinion article July 6, 2022Energy bills are currently front and centre in the public debate on cost of living. One way to reduce cost-of-living pressures is to actively lower prices of essential products and services – and at least one government is currently paying consumers $250 to do so. This may sound simple, but the devil is in the details, writes CEDA Senior Policy Adviser Ian Hamilton.
CEDA Senior Economist Melissa Wilson discusses research that shows how improving management practices in Australia could significantly boost productivity.
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