Photo: AAP Image/Lukas Coch
A new report outlines the grave consequences of climate change for the Australian economy – so why is the government still approving fossil fuel projects?
On this episode of Dollars & Sense, Greg returns from his holiday to talk about the National Climate Risk Assessment reveals about the future of the Australian economy. Plus: the tricky task of measuring inflation for sectors like health and aged care and why the government’s wellbeing budget is falling flat.
Tickets for our Revenue Summit at Parliament House in Canberra, featuring Hon Steven Miles MP, Senator Larissa Waters, Senator David Pocock, Dr Kate Chaney MP, Greg Jericho and more – are available now. You can buy second release tickets for just $109 via our website.
Dead Centre: How political pragmatism is killing us by Richard Denniss is available now via Australia Institute Press.
Host: Greg Jericho, Chief Economist, the Australia Institute // @grogsgamut
Host: Elinor Johnston-Leek, Senior Content Producer, the Australia Institute // @elinorjohnstonleek
Show notes:
National Climate Risk Assessment, Australian Climate Service
Save Tuvalu, Save the World events
Australia isn’t trying to get off fossil fuels | Richard Denniss at the Senate Environment Committee, the Australia Institute on YouTube (September 2025)
The Fight to Save Murujuga, the Australia Institute on YouTube (June 2025)
Theme music: Blue Dot Sessions
We’d love to hear your feedback on this series, so send in your questions, comments or suggestions for future episodes to podcasts@australiainstitute.org.au.
Under One Nation’s policy, the gas industry would not pay anything for at minimum 10 years – which is why it hasn’t kicked up a fuss. What Hanson has done, is show that Labor and Liberal are the only ones who see the status quo as the way forward. The gas industry knows that, so it is supporting the circuit breaker, which makes it seem like something is being done.
Prime Minister Anthony Albanese is facing backlash after quoting inaccurate statistics from the gas lobby, while defending his decision not to impose a 25% tax on gas exports in the federal budget. Mr Albanese was interviewed on radio during a post-budget trip to Perth, during which he claimed that “gas companies paid $22 billion of tax last year”. The $22 billion figure is not an official estimate by the Australian Taxation Office (ATO), but a figure produced by a gas lobby group.
