Tag Archives: coal

National Electricity Market malfunction of June 2022: my latest podcast episode

One of the biggest challenges facing advanced economies is maintaining reliable and reasonably priced electricity as we decarbonise to combat climate change. This year we’ve seen some ominous signs that this may not go well. The war in Ukraine has … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , , | Leave a comment

Qld Gross State Product was up 22% in dollar terms in 2021-22

Hidden in a note to its economic forecasts table in the state budget was the extraordinary estimate from Queensland Treasury that, in nominal dollar terms, the state economy expanded 22% last financial year, 2021-22 (see the chart below based on … Continue reading

Posted in Budget, Macroeconomy | Tagged , , , , | Leave a comment

Qld state budget: thanks for the billions coal miners, now pay us even more

As I’ve been forecasting for months now, the Queensland state budget is in much better shape than the state Treasury forecast back in December. Higher royalties, stamp duty, and other taxes helped deliver a $1.9 billion operating surplus in 2021-22 … Continue reading

Posted in Budget, Macroeconomy | Tagged , , , , , , , , | 3 Comments

Qld & Australia exporting lower volumes but earning more, due to higher coal and iron ore prices

The pandemic and China’s trade restrictions have no doubt had some adverse effects on commodity volumes exported from Queensland, but super high commodity prices, associated partly with the war in Ukraine, have more than offset those impacts when it comes … Continue reading

Posted in Macroeconomy | Tagged , , , , , , , | Leave a comment

Japan is Qld’s top export destination once again, but only by a small margin

Thanks to the Japanese Ambassador for highlighting that Japan has overtaken China to return to being the top destination for Queensland exports, as Japan was for several decades prior to 2013 (see the chart below including data up to April … Continue reading

Posted in Macroeconomy | Tagged , , , , , , , , , | Leave a comment

Super-high coal royalties to help address Qld hospitals crisis

As I predicted earlier this month (see John McCarthy’s 13 May InQld article), the Queensland Government will be boosting health spending in the upcoming budget to deal with the hospitals crisis, and to a large extent it’s able to do … Continue reading

Posted in Budget, Labour market, Macroeconomy | Tagged , , , , , , | 2 Comments

Qld the fastest growing state with Southerners flocking here: 41k net migration gain in 12 months to Sep-21

At nearly 41,000 people in the twelve months to 30 September 2021, net interstate migration to Queensland is the highest it’s been since the early 2000s, according to the ABS’s latest population estimates (see chart below). Queensland is the fastest … Continue reading

Posted in Macroeconomy | Tagged , , , , | 3 Comments

Thriving, a new book by Wayne Visser, Cambridge pracademic and sustainability expert – my latest podcast episode

Wayne Visser, of the Cambridge Institute for Sustainability Leadership and Antwerp Management School, has written a thoughtful and informative new book Thriving: The Breakthrough Movement to Regenerate Nature, Society, and the Economy. Wayne is reassuringly optimistic about the future of … Continue reading

Posted in Environment, Macroeconomy | Tagged , , , , , , , , , , , , , , | Leave a comment

Qld Economic Outlook for 2022

Prior to the omicron outbreak, I was very confident about the Queensland economic outlook for 2022. I’m still reasonably confident that the state economy will perform well over 2022, but nothing is certain of course. There’s been a bit of … Continue reading

Posted in Labour market, Macroeconomy, Mining | Tagged , , , , , , , , | 2 Comments

Coal the dirty secret behind Qld budget improvement

The super high coal price is the main reason Queensland Treasurer Cameron Dick will report a much improved state budget balance this week. However, yesterday the Brisbane Times reported: Mr Dick said the silver lining of the pandemic was an … Continue reading

Posted in Budget | Tagged , , , , , , | Leave a comment