Labor went to the last election with climate change as its number 1 priority.
Its "Powering Australia" plan aims to reduce emissions by 43% by 2030 and achieve net-zero emissions by 2050.
This was further solidified when the ALP's climate bill passed parliament, enshrining their net-zero targets into law.
However, the disruption this transition could have on the economy as we reach the peak of this land cycle, is woefully underestimated.
Just as resource demands fuelled past Kondratieff waves (K-Waves) through the eras of steam, electricity, and fossil fuels, today’s push to cut emissions by over 40% by 2030 is driving an unprecedented scramble for essential materials.
This time, however, the stakes are even higher—disruptions like COVID have already shaken global supply chains and highlighted vulnerabilities.
The political tug-of-war between figures like Trump and Kamala is going to deepen divides within the U.S. that's already looking weak globally.
With China expanding its economic reach through initiatives like the Belt and Road and BRICS nations pushing for alternatives to the dollar, the U.S. now faces real challenges to its dominance.
With mounting pressure to secure resources, we’re staring at an era where tensions over materials could escalate rapidly, fuelling instability on a scale we haven’t seen before.