Global Scans · Australia · Weekly Summary

WHAT'S NEXT?: Australia will no longer be known for being as dependant on the export of natural resources over the next half century as in 2012. The need for new infrastructure to meet the strong population and economic growth of Australia will continue to be a priority for the medium term. There's no doubt the aftermath of China's credit boom poses a much bigger economic threat to Australia than Britain's withdrawal from the European Union. The Growth rate for Australia is expected to be stronger, although still below the long-term trend.

• [New] Africa targets 1.5-2.0 million tons of renewable hydrogen exports to the EU, Australia aims for 3 million tons / year by 2030, and Latin America benefits from production costs nearing US$ 0.50/kg, supported by US$ 11 trillion in global shipping infrastructure investments through 2050. Persistence Market Research
• [New] At a national level, the federal government this year legislated national emissions reduction targets of 43% below 2005 levels by 2030 and net zero emissions by 2050, reflecting an increase in ambition. / Australia Climateworks Centre
• [New] Climateworks Centre's latest scenarios show Australia can reduce emissions by 85% by 2035. Climateworks Centre
• [New] Production volumes in the Australian fisheries sector are expected to increase by approximately 4% over the medium term, reaching 307,000 tonnes by 2028-29. Claight Corporation (Expert Market Research Au)
• [New] The projected growth in salmon production is expected to maintain current per capita consumption levels of around 2 kg per person. / Australia Claight Corporation (Expert Market Research Au)
• [New] The health-conscious trend is expected to sustain demand for Australian salmon in the years ahead. Claight Corporation (Expert Market Research Au)
• [New] During the current El Nino year, WMO expected higher ocean temperatures, worse coral bleaching and marine heatwaves. / Australia UNOG
• [New] Massive fires have often broken out in Indonesia, fouling the air for tens of millions of people, and bushfires are a particular threat in Australia during El Nino. Yale Climate Connections
• [New] The risk of droughts and wildfires becomes amplified during strong El Nino years, particularly in parts of Asia and Australia. Kinetic Analysis
• [New] The danger of combining advanced AI with cyber vulnerability was sharply highlighted when the Australian Signals Directorate (ASD) issued an urgent national alert regarding a massive, automated global scanning campaign actively breaching small-to-medium Australian businesses. Mindful Risk
• [New] The Australian Space Agency is currently seeking submissions for research and space payload opportunities from industry, education, agriculture, medical, robotics, artificial intelligence and many other sectors. Auspire - Australia Day Council of Western Australia.
• [New] Sembcorp acquired Alinta not to own a coal plant, but to become a renewables player in Australia, tapping its pipeline of wind and solar power assets with the potential to deliver more than 10 gigawatts. ST
• [New] Sembcorp acquired Alinta Energy, an Australian company that operates a 1,200 MW coal power station - a move Temasek expects will drive up its portfolio emissions in 2027. ST
• [New] Once cuts materialize, major Australian cities could see rapid price rebounds. AIAIG
• [New] Australia, with its renewables base and legacy mining sector, is well positioned as a clean metals producer; deeper collaboration could help consolidate its role as a reliable supplier. Carnegie Endowment for International Peace
• [New] The PNG-Australia military alliance came into force this week and will require huge work to integrate the two defence forces, including the Papua New Guineans who will serve with the ADF. Islands Business
• [New] Labour migration had become one of the defining features of Fiji's economy, with increasing numbers of Fijians taking up employment opportunities in Australia and New Zealand. Islands Business
• [New] Australia, Chile, Argentina, Brazil, Canada, India, and parts of Africa could attract new capital if they provide stable regulation, infrastructure, and transparent permitting. DataM Intelligence
• [New] Australian operations will particularly leverage digital twins for predictive maintenance, hazard detection, and simplified ESG reporting. Colleagues Matrixx
• [New] While Australia is aiming for net zero by 2050, many Asian countries are aiming for 2060 or 2070. Asia Times
• [New] Without a clear strategy for energy exports, Australia risks becoming a passive spectator. Asia Times
• [New] Australia could form a new energy security alliance to stabilize regional markets for the long-term. Asia Times
• [New] On the R&D front, Australia is expected to maintain an important global role in early-stage clinical research, where Australia's clinical strength, regulatory regime and trial speed provide an enduring advantage. PwC

Last updated: 24 July 2026