Economist says Labor's victory could change global energy trade

He said the scale and nature of this moment for Labor was set out in The Superpower Institute's paper, The New Energy Trade, which was published in November (Garnaut is a director of the Superpower Institute). But he said the new industries involved in the "superpower trade" would be large enough to drive the restoration of Australia's productivity growth and living standards that was so desperately needed after "the dozen years of stagnation that began in 2013". But he said that in the past three years the policy foundations had begun to be laid, and Australia's federal and state governments now had the opportunity to build on those foundations within a more predictable policy environment.

Author: Gareth Hutchens

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