Offshore wind farms could deliver significant savings for Australian households, with some consumers seeing $151 cut from their annual electricity bills. The savings would come despite the significant up-front investment needed to build wind turbines off the coast, a study found, due to lower costs for...
A university degree might become less valuable for securing a job in the age of artificial intelligence, posits an influential member of the government’s economics team, as financial workers worry that AI might steal their jobs. Rather than formal schooling, judgment may became a greater predictor...
Almost two in five Australians are considering an electric or hybrid vehicle for their next car purchase, but many could change their minds if the government puts the brakes on a tax discount. The Australian Finance Industry Association revealed the findings on Tuesday in their annual...
Australia needs bold reforms including tax changes and financial incentives to stop relying on its lucky country credentials and become a nation with a strong innovation industry. A year-long independent review of Australia’s research and development sector, led by Tesla chair Robyn Denholm, issued the warning...
Next-generation batteries Australian researchers are developing could potentially recharge electric cars faster than petrol vehicles fill up and top up smartphone instantaneously. The CSIRO’s quantum battery research team made the predictions on Wednesday after publishing details of a breakthrough in the technology, creating the world’s first...
Politicians must resist the temptation to use a budget boon from the Iran war to pump the economy up with cost-of-living measures such as fuel excise cuts or energy rebates, economists say. Repeating the approach of the post-COVID-19 pandemic inflation spike to ease price pressures on...