Commonwealth of Australia
Climate Impact & Sustainability Data (2014-05-13)
Reporting Period: 2014-05-13
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Slightly below trend growth for the Australian economy.
- Expectation that unemployment will remain elevated.
- Investment in resources projects is still expected to fall and to detract significantly from growth.
- Population ageing coupled with falling terms of trade from historic highs will make it difficult to maintain the growth in living standards to which Australians are accustomed.
Mitigation Strategies
- $11.6 billion Infrastructure Growth Package
- $20 billion Medical Research Future Fund
- Fundamental reforms of the higher education sector
- Measures to support workforce participation
- Redirecting spending to more productive ends