1 the greens alternative saving the planet and creating jobs john kaye greens nsw mp march 2013 vs
TRANSCRIPT
![Page 1: 1 The Greens alternative Saving the planet and creating jobs John Kaye Greens NSW MP March 2013 vs](https://reader035.vdocument.in/reader035/viewer/2022062516/56649e195503460f94b05ebc/html5/thumbnails/1.jpg)
1
The Greens alternativeSaving the planet and creating jobs
John KayeGreens NSW MPMarch 2013
vs
![Page 2: 1 The Greens alternative Saving the planet and creating jobs John Kaye Greens NSW MP March 2013 vs](https://reader035.vdocument.in/reader035/viewer/2022062516/56649e195503460f94b05ebc/html5/thumbnails/2.jpg)
2
Where are the jobs?
![Page 3: 1 The Greens alternative Saving the planet and creating jobs John Kaye Greens NSW MP March 2013 vs](https://reader035.vdocument.in/reader035/viewer/2022062516/56649e195503460f94b05ebc/html5/thumbnails/3.jpg)
3
The 'whole in the ground' economy•Mining eats manufacturing jobs:
▫The rising $A
▫Cheaper imports▫More expensive exports
![Page 4: 1 The Greens alternative Saving the planet and creating jobs John Kaye Greens NSW MP March 2013 vs](https://reader035.vdocument.in/reader035/viewer/2022062516/56649e195503460f94b05ebc/html5/thumbnails/4.jpg)
4
The Resource Curse•Mineral exports drive up A$
▫Payments for minerals in A$ increases demand for $A pushes up value of $A
▫Interest rates kept high to attract foreign investment capital But also drive up A$
compared to US$, Euro, Yen with much lower interest rates
•Other industries cannot compete in high A$▫Especially manufacturing
•Sovereign wealth funds can help
![Page 5: 1 The Greens alternative Saving the planet and creating jobs John Kaye Greens NSW MP March 2013 vs](https://reader035.vdocument.in/reader035/viewer/2022062516/56649e195503460f94b05ebc/html5/thumbnails/5.jpg)
5
Pop goes the boom
•Commodity prices fluctuate•E.g. coal 2009 - 2012
![Page 6: 1 The Greens alternative Saving the planet and creating jobs John Kaye Greens NSW MP March 2013 vs](https://reader035.vdocument.in/reader035/viewer/2022062516/56649e195503460f94b05ebc/html5/thumbnails/6.jpg)
6
Can't trust commodity prices
•Mining tax debacle•Commodities price index (2000 -2011):
![Page 7: 1 The Greens alternative Saving the planet and creating jobs John Kaye Greens NSW MP March 2013 vs](https://reader035.vdocument.in/reader035/viewer/2022062516/56649e195503460f94b05ebc/html5/thumbnails/7.jpg)
7
Commodities: the roller-coaster that eats jobs
•Don't add much value in Australia▫Real wealth generated in other economies▫Does not add to advanced skills
•Vulnerable to mechanisation▫Decline in employment
•Wealth not held in Australia▫Mining industry 83% foreign owned▫$265 bn profits over next 5 years
$50 bn overseas $205 bn more mining more foreign ownership
![Page 8: 1 The Greens alternative Saving the planet and creating jobs John Kaye Greens NSW MP March 2013 vs](https://reader035.vdocument.in/reader035/viewer/2022062516/56649e195503460f94b05ebc/html5/thumbnails/8.jpg)
8
The mining boom: not much in it for us
![Page 9: 1 The Greens alternative Saving the planet and creating jobs John Kaye Greens NSW MP March 2013 vs](https://reader035.vdocument.in/reader035/viewer/2022062516/56649e195503460f94b05ebc/html5/thumbnails/9.jpg)
9
Resource export economy and neoliberalism gone mad
•Deregulated:▫Currency▫Labor market▫Finance sector▫Industry▫Environment
•Jobs boom and bust▫Shortage of skilled labour in mining areas▫High unemployment (e.g. Illawarra) ▫Job insecurity (Western Sydney)
![Page 10: 1 The Greens alternative Saving the planet and creating jobs John Kaye Greens NSW MP March 2013 vs](https://reader035.vdocument.in/reader035/viewer/2022062516/56649e195503460f94b05ebc/html5/thumbnails/10.jpg)
10
The ‘real’ economics of coal•Maules Creek coal mine •324 million tonnes of coal
▫x $100/tonne sale price = $32.4 bn value•877 million tonnes CO2
▫x $80/tonne = $68.8 bn climate damage
![Page 11: 1 The Greens alternative Saving the planet and creating jobs John Kaye Greens NSW MP March 2013 vs](https://reader035.vdocument.in/reader035/viewer/2022062516/56649e195503460f94b05ebc/html5/thumbnails/11.jpg)
11
Uncertain future
•Resource depletion▫25 years of known economic iron ore
•Long term demand can change▫Coal
Climate policy Cheaper renewables
▫Large capital investment•Deskills workforce•Concentrates wealth
![Page 12: 1 The Greens alternative Saving the planet and creating jobs John Kaye Greens NSW MP March 2013 vs](https://reader035.vdocument.in/reader035/viewer/2022062516/56649e195503460f94b05ebc/html5/thumbnails/12.jpg)
12
The Green alternative
•Invest in a new clean, smart economy▫Climate crisis transition to clean energy▫Growing inequality rebuild public
education▫Declining cities reinvent public transport
•Why?▫Save the planet▫Tame the economy▫Create jobs
![Page 13: 1 The Greens alternative Saving the planet and creating jobs John Kaye Greens NSW MP March 2013 vs](https://reader035.vdocument.in/reader035/viewer/2022062516/56649e195503460f94b05ebc/html5/thumbnails/13.jpg)
13
Wind, sun, coal and jobs
John Kaye Greens NSW MP 13
Jobs in NSW
Coal-fired electricity (including mining)
7,000
Renewables & efficiency 73,800
Jobs in NSW
Aluminum smelting 1,500
Rooftop solar 5,400
![Page 14: 1 The Greens alternative Saving the planet and creating jobs John Kaye Greens NSW MP March 2013 vs](https://reader035.vdocument.in/reader035/viewer/2022062516/56649e195503460f94b05ebc/html5/thumbnails/14.jpg)
14
How?
•Regulation:▫Close coal-fired power stations▫Energy efficiency
•Public investment▫Private capital too slow, risk-averse
• Industry policy▫Developing and locating new jobs▫Smart protection for new industries for export
•Unleash the power of collective economic action
![Page 15: 1 The Greens alternative Saving the planet and creating jobs John Kaye Greens NSW MP March 2013 vs](https://reader035.vdocument.in/reader035/viewer/2022062516/56649e195503460f94b05ebc/html5/thumbnails/15.jpg)
15
Won’t we all be ruined? – No!
•NSW coal electricity vs transition to renewables:▫Coal:
7,000 jobs x $35,000 tax revenue/job =$ 245 m in tax – subsidies
▫Renewables 73,800 x $30,000 tax revenue/job =$2,214 m in tax Plus more jobs in export
•Similar figures in transport etc.
![Page 16: 1 The Greens alternative Saving the planet and creating jobs John Kaye Greens NSW MP March 2013 vs](https://reader035.vdocument.in/reader035/viewer/2022062516/56649e195503460f94b05ebc/html5/thumbnails/16.jpg)
16
How to get there?•Change the debate
▫Reject neoliberal assertions Markets not always right Deregulation does not always deliver wealth Private investment not always superior
•Focus on real jobs and collective wealth▫Green economy delivers
More and better share of jobs Better security Greater opportunities for Australia’s future