Coincidentally just this evening I received independent confirmation of your post.
We have a medical intervention that could save lives, and save Australia’s health budget up to $2.6 billion.
That’s $2.6 Billion every year.
It only needs about $500k to get the necessary government approval to make it available.
What would you think would happen?
The farkwits in the public service who wouldn’t know shît from clay said “No”.
Not sure that getting hands on that IP is as easy as just poaching the researchers
Sounds pretty significant savings, those in charge might lose kick backs if reduce spending.
Don’t downplay how high tech the Australian resource industries are. Robot trucks and trains, substantial automation, high end services in all aspects of that industrial value chain. We aren’t digging this stuff with picks and shovels. It’s why we are globally dominant in this sector, despite having one of the highest labour costs.
I’d love to see more investment and support to high tech industries as you suggest, but the shear scale of our natural resources dwarfs any opportunities in other sectors. Australia has severe trade disadvantages due to labour costs and freight distance to market, so it’s quite valid to focus on our natural advantages like plentiful minerals and renewable potential.
I see mining kinda like the cultural cringe. We don’t like to be associated with it despite there being aspects that we should be immensely proud of.
Edit - this isn’t me advocating no drug industry or anything like that. If we’d invented that weight loss drug it would have been a few % increase in our GDP.
If we invented it, then everyone would be talking about the negative things about it
Getting Australians to buy Australian is soul destroying. Our product was the best in the World and we sold many overseas but very few locally. Preference was always given to products from USA and Europe. We actually sold more in Australia when we opened a factory in Texas.
If we invented it, our dim-bulb managerial and investor class would have found a way to fumble it so that someone else would reap the benefits.
Something I recently learnt - Bluey is the most gigantic creative success in Australian history. Number one kids tv show all over the place, loved by everyone, merchandise and toys on every shelf and under every Christmas tree. Home grown mega-blockbuster.
Basically all the profits and merchandising cash go to the BBC.
I posted that link.
ABC didn’t realise they had a winner.
Hydrogen tech must not be as good as thought, given all the projects that have been cancelled.
The SA hydrogen projects will struggle now or be put on the back burner as the government needs to bail out Whyalla
Hydrogen is a really awkward tech and one that I’m not surprised is struggling.
You have a chicken and egg dilemma. Nobody is going to build a plant that runs on hydrogen without a supply of hydrogen. Nobody is going to build a supply of hydrogen without a large client ready to buy the product.
Unfortunately, the reality is that building an industry like that is going to need a huge amount of luck for all parties involved to play nice and have everything organised to happen at the same time. It’s one that will benefit from government support to make the early messiness not financially catastrophic to either party.
The hydrogen industry is growing fairly well, but at smaller scale projects. These big swing enterprises are struggling to line up the input with output. As the tax incentives seem to be mostly production credits, the government isn’t screwed over as the incentive only kicks in on actual production.
I personally think this is going to happen, but just a few years later than the early headlines made out. The tech makes sense in an era of free electricity during daylight hours.
Grim reading. My heart breaks for the animals. QLD has been at the pointy end for climate extremes the last few years.
Yeah, there has been more detailed breakdowns posted here before, but here’s a ladder showing us set to move from 4th in the world to 3rd.
https://www.visualcapitalist.com/top-20-countries-by-battery-storage-capacity/
According to the International Renewable Energy Agency (IRENA) renewables account for 90% of total power expansion globally in 2024. As in previous years, most of the increases was in Asia ( the greatest share by China).
Not enough, not fast enough. Actually true but also the arguments of the remaining denialists. We should be building un-invented modular reactors for the next 20 years instead. Actually insane and the platform of a major political party polling 50%
Well it gave them a media beard for a while, such a serious group of people
NT has stupidly just canned their renewables target and have basically given up
Two years worth of rain in a week.
They are probably bought out by the gas companies (dominant source in NT).
Didn’t a NT Minister leave to join a gas company recently.
