Script, design and animation by Redboat (redboat.com.au)
Australia has the natural and institutional resources to prosper in almost all scenarios for global energy and resource use.
Global demand for exports is projected to treble by 2050 as global per capita income also trebles. We should expect long term growth of world energy demand, but demand for specific materials and energy exports could vary. Even in scenarios with strong global action to reduce emissions, energy and other resources could remain one of the pillars of the Australian economy, as long as commercially viable technology solutions are developed in a timely fashion to manage environmental impacts.
Domestically, energy affordability can improve, especially when we enhance the efficiency and productivity of the energy system. Transport affordability might also improve, especially through the large-scale adoption of electric vehicles.
(For more information about the Australian National Outlook visit csiro.au/nationaloutlook)