Reference no: EM132903827

In his 2019 work, Superpower, In your answer refer to the following;

Ross Garnaut claims that Australia is very well positioned to take advantage of the global transition to a zero net carbon emissions regime. Why does Garnaut argue this? What does he see as the role of government and public policy in helping Australia to realize this great potential? Does Garnaut have a strong argument in your opinion? Why or why not?

1) The importance of the current very low interest rate regime for environmentally beneficial investments. (See especially Superpower pp. 33-35 and pp.47-48.)

2) Developments and potential development in zero-net emissions electricity and required transmission infrastructure. (See especially Superpower pp. 49, 56-60, 66-70.)

3) Electrification, hydrogen based energy and its advantages for Australian industry relative to other countries (see especially Superpower pp.72-84.)

4) The advantages and disadvantages of hydrogen and battery based energy in transport in Australia. (see especially Superpower pp.88-94)

5) Australia's global competitive advantage for "earthing carbon" or "carbon sequestration."

6) With reference to points 2-5 (immediately above) how and where is public policy and public investment necessary, according to Garnaut.