Work area: Policy

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Launching the Mount Isa Future Ready Economy Roadmap

The Next Economy, together with Mount Isa City Council and Climate-KIC Australia, is proud to launch the Mount Isa Future Ready Economy Roadmap.  

Mount Isa, like many other industrial regions, is at the crossroads of major economic change. The region has a rich asset base, including the North West Minerals Province, but faces the imminent closure of the Mount Isa Mine’s underground copper mine operations and copper concentrator.  

This closure will impact approximately 1,200 workers from mid-2025 and the future of the local copper industry, a change that needs to be managed alongside increasing demand for critical minerals, affordable and reliable energy generation and storage options, and innovative logistics solutions. Global trade uncertainty and climate impacts further complicate this picture. 

Whether Mount Isa successfully navigates these changes will be critical to the success of Australia’s net zero ambitions, and global decarbonisation goals. 

The Mount Isa Future Ready Economy Roadmap provides a clear and ambitious vision for the future of Mount Isa against this backdrop of regional change, global uncertainty, and new opportunities.  

In this future, Mount Isa thrives. The regional economy enables Australia’s net zero transformation, contributing to the next generation of clean energy and critical minerals exports and processing . Local industry and the community lead innovative solutions to long-standing and emerging challenges, benefiting from a focus on circular economy approaches, decarbonisation, environmental sustainability and regeneration, and social wellbeing.  

This vision is underpinned by the application of the Future Ready Economy Framework. This Framework has been designed by The Next Economy and Climate-KIC to assist decision-makers in regions like Mount Isa to assess economic opportunities against six key dimensions of positive and resilient development. 

Along with regional stakeholder engagements and expert input, the Framework has informed the development of future ready development pathways, strategies and potential actions for Mount Isa’s five key economic sectors—energy, mining, transport, agriculture and tourism—and the foundations of a thriving community. 

By adopting a future ready lens to regional economic development, Mount Isa is ensuring that today’s planning and investment decisions position the region for long-term success. 

With the right planning and investment from key partners, including the Queensland Government and Australian Government, and industry, Mount Isa can pursue these pathways and become a global player in a decarbonising world. 

To find out more, download the Mount Isa Future Ready Economy Roadmap.

Mount Isa has a proud history of innovation and mining excellence which can continue to thrive with the right investment and collaboration between industry, government and the community. Photo: Chris Grose.

Mount Isa launches economic roadmap to create jobs, secure future

[Press Release from Mount Isa City Council, shared with permission here]

Mount Isa, North West Queensland: Mount Isa City Council has launched the Mount Isa Future Ready Economy Roadmap, a bold new economic vision to transform and diversify the local economy while delivering immediate jobs and long-term benefits for its residents.   

Despite a rich asset base, including the North West Minerals Provinces’ $680-billion in known in-ground resources, many of which are key for Australia’s clean energy and future-technology capabilities, Mount Isa faces significant challenges due to its remoteness and dependence on a major employer. 

Up to 1,200 jobs losses loom as Glencore winds down underground copper operations at Mount Isa Mines from mid-2025. As one of the city’s largest employers, this threatens a sharp decline in the city’s current 19,000-strong population and its ability to remain the service centre for the North West. 

The Mount Isa Future Ready Economy Roadmap presents 28 pathways and nearly 400 potential actions for local stakeholders, industry, government and community to strengthen and diversify the economy across energy, mining and minerals, transport, agriculture, and tourism. 

Developed by Council with The Next Economy and Climate-KIC Australia, and with input from more than 100 industry, business, government and community contributors, the Roadmap also focuses on ways to support decarbonisation, climate adaptation, circular design, regenerative practices, and community well-being.

Key elements of the Roadmap include:

  • Supplying critical and strategic minerals the world needs to decarbonise, leveraging Mount Isa’s mining expertise and its gateway position to the North-West Minerals Province, rich in cobalt, graphite, vanadium, rare earth elements and important metals such as copper. Noting, retention of workforce capability and current industry assets is foundational to new industry development. 
  • Producing and storing affordable, reliable renewable energy, particularly in innovative ways, with Council already working with Green Gravity and Glencore to explore repurposing legacy mining assets for gravitational energy storage systems. 
  • Ensuring the timely completion of CopperString 2032 to connect Mount Isa to the national energy grid, unlocking opportunities for renewables, to decarbonise industries, and expand critical minerals mining and processing and other industries. 
  • Improving transport and logistics infrastructure as a key enabler for industry and liveability, also to mitigate risks from extreme weather events like the recent floods. This includes common-user rail infrastructure, road upgrades, and innovative solutions such as airship freight which is already being explored. 
  • Future-proofing and growing tourism and agriculture industries, with actions to build the resilience of local beef grazing operations as well as local multi-day tourism adventures to explore the region’s unique landscape and culture.
  • Improving social services and community infrastructure, including much-needed childcare facilities, affordable housing and specialist healthcare for residents and as the main service centre for the North West.

The Roadmap showcases Council’s existing commitment to economic development, such as the establishment of The Australian Critical Minerals Industrial Precinct, the Critical Minerals and Rare Earth Elements Research Centre with UQ, and a battery anode material facility for graphite production.

However, Mount Isa can’t do it alone. Council is calling on the Queensland and Australian governments to back Mount Isa’s future – and its significant contribution to the economy as Australia decarbonises – with multi-billion-dollar investment and tailored coordination and support. 

Peta MacRae, Mount Isa Mayor, said: “The pending closure of Glencore’s underground operations is a huge loss for Mount Isa, but when one door closes, many more are opening to protect our workforce and build the industries, infrastructure and services we need for the future. 

“We have a strong economic vision and plan. Council is already working with partners to unlock opportunities in new technologies and services. However, bold assistance from the state and federal governments is needed for Mount Isa to remain a great place to live, work and do business.”

Tim Rose, Mount Isa City Council CEO, said: “Mount Isa is very rich in critical minerals and rare earths, yet we face challenges with remoteness and huge costs for power and transport. It’s time to embrace new technologies to generate low-cost and clean power so our mining sector keeps running and we can keep the lights on in our communities.”

“With global uncertainty and the challenging nature of mining, Mount Isa offers an ideal location to de-risk and unlock the critical and rare earth minerals the world needs to decarbonise while adding value to our region. With the right investment and support, we can unlock further investment and keep punching above our weight for the national economy.”

Liz Webb, The Next Economy COO and project lead, said: “Business-as-usual economic development is no longer enough for historic mining regions like Mount Isa, grappling with major industrial upheaval taking a heavy toll on local workforces and economies. 

“The Roadmap is the exact sort of initiative the Future Made in Australia bill is designed to support. New industry development is complex and takes time. Mount Isa is ready for this challenge, and will be successful with the right coordination, support and investment. 

“The Roadmap showcases Mount Isa’s commitment to tackling urgent challenges in ways that secure long-term success. With a proud community, industry collaboration, and renowned innovation, Mount Isa is poised for a future ready economy that requires a new era of collaboration and investment from industry and government.”

Jason Nielsen, Climate-KIC Australia Director Strategic Projects and project lead, said: “A prosperous and sustainable future for Mount Isa depends on collaboration and coordination between companies, government, and the community. The speed and complexity of economic and social change make siloed efforts ineffective. 

“It is critical that stakeholders see the interconnected and systemic nature of the problems and opportunities ahead, such as infrastructure development and workforce attraction and retention, and develop new ways of working together towards common goals. The Future Economy Roadmap is one of several important local initiatives to support and guide this process.”

Mount Isa’s Future Ready Economy Roadmap is available via Council’s website mountisa.qld.gov.au.

Strengthening Hay and Carrathool – Resilience Plan launched!

This week, the Hay and Carrathool Shire Councils launched the Hay and Carrathool Regional Drought Resilience Plan. The Plan is designed to identify strategic focus areas and priority actions to strengthen regional resilience. Convened by both councils, the Plan is the result of an extensive seven-month collaboration involving more than 300 community members, industry representatives, and government stakeholders. 

The Plan envisions a future where, by 2035, the communities of Hay and Carrathool are equipped to navigate climate, environmental, social, and economic challenges while remaining strong, connected, and vibrant. It sets out a strategic path for ensuring safe and thriving places to live, work, and raise future generations. 

Hay Shire Mayor, Carol Oataway, acknowledged the immense community effort behind the Plan and the commitment of local people to shaping their future. 

“This level of community engagement reflects the leadership and strengths of this vibrant region and demonstrates the passion that local people have for its future,”

Carol Oataway, Mayor of Hay Shire

With five core strategies—Inclusive & Empowered Communities, Future Ready Businesses, Reimagined Care Economy, Placemaking with Purpose, and Coordinated Action for Climate Resilient Economic Development—the Plan identifies 26 priority actions, each with partners to lead and drive progress. 

Key actions include setting up community hubs where people can connect, working groups so businesses can “share” employees, innovative ways to provide care to groups that need it, an initiative to collect and use environmental data, a housing strategy, and a roadmap to diversify and strengthen the regional economy.  

Already, the Plan has sparked action across the community. To really bring its vision to life, collaboration between local government, businesses, and residents will be essential in addressing risks and capturing emerging opportunities. 

“We’re the ones who know what our region needs… State and federal governments need to support regionally led solutions like ours.”

Carol Oataway, Mayor of Hay Shire

The Next Economy and the Australian Resilience Centre worked with the Hay and Carrathool Shire Councils and local communities to deliver the Plan. It has been developed as part of the Regional Drought Resilience Planning Program, which is jointly funded by the Australian Government and NSW Government under the Future Drought Fund. 

Hay Shire Councillors John Perry and Geoff Chapman, along with Mayor Carol Oataway and Alison McLean, Executive Manager for Economic Development and Tourism, are pictured with Jacqui Bell and Doug Ruuska from The Next Economy.

Download the plan  

The Hay and Carrathool Regional Drought Resilience Plan is available from the Australian Government’s Department of Agriculture, Fisheries and Forestry website: https://www.agriculture.gov.au/sites/default/files/documents/hay-and-carrathool-rdr-plan.pdf 

A summary of The Hay and Carrathool Regional Drought Resilience Plan is available below.

DOWNLOAD THE SUMMARY

For more information contact Jacqui Bell – j.bell@nexteconomy.com.au

See more like this: 

Primary producers in Hay, Carrathool help shape NSW region’s economic future

Five ways to empower regions in clean energy workforce development 

The Australian Government can play a key role in helping regional communities prepare for the economic changes brought on by the clean energy transition. 

As many clean energy jobs will be concentrated in regional renewable energy zones, building the capacity of regional communities to manage development, attract investment for enabling services and infrastructure, and address workforce challenges is essential. 

With effective resources and support, local stakeholders can lead efforts to create training programs, support services, and initiatives that ensure a skilled and diverse workforce while fostering sustainable regional development.

In September, The Next Economy provided a submission for the National Energy Workforce Strategy Public Consultation process. In it, we identified a range of insights on increasing inclusivity in the clean energy workforce (read more here), as well as five examples of actions that already are or have to potential to empower regions in clean energy workforce development: 

  1. Coordinate planning and development of clean energy projects, associated infrastructure and other industries within a region. Regional coordination and phased planning can manage workforce demand and support worker mobility. Co-locating new manufacturing and industry precincts within renewable energy zones also have the potential to stabilise clean energy workforce demand and create lasting careers. Developers and industry benefit from these approaches with clear roles, responsibilities, and timelines, along with cost certainty and transparent infrastructure investment programs.

    For example: the Victorian Planning Authority (VPA) works with councils, government departments and the community to provide employment, transport, public space and housing planning in the context of an increasing population. The VPA has identified the staged development of housing lots and required infrastructure such as roads and utilities. 
  2. Develop place-based training and education initiatives and partnerships: that aggregate skill and expertise demand from across sectors and co-designs and delivers courses with industry in a region. 

    For example: in the Upper Spencer Gulf, Uni Hub is working with local industries to ensure their needs are connected with training providers and potential students.
  3. Support local businesses to adapt and scale up their operations for greater participation in the sector. In many regional areas where new energy development is proposed, the scale of workers required outstrips the local labour market. In addition, the essential services and infrastructure required to support workforce and population growth are limited or non-existent. 

    Currently, local content requirements from state governments are aimed to drive regional economic benefits. However, often insufficient existing workforce capacity, the cost to prepare businesses to be ready to tender for clean energy development contracts, and uncertainty around long-term work security all limit the capacity of local businesses to scale their operations and bring on new workers.

    For example: TNE’s work with Hay and Carrathool shire councils on climate adaptation and economic transition this year has shown that local businesses are interested in tendering for large renewables projects but lack the capacity and resources to adapt. Uncertainty around work pipelines, contracts, timing, and qualifications prevents businesses from scaling, investing in workforce development, or hiring. Early engagement and ongoing support are crucial for scaling regional workforce development. Accessible, up-to-date local data is needed to improve transparency, workforce planning, and equitable recruitment strategies.
  4. Provide resources for local government and local stakeholders: to carry out the feasibility and business planning activities necessary to develop the case for investment in local services, coordination activities and infrastructure. 

    For example: in the Cradle Coast Region, developers are working together to address housing shortage as they understand it is a key constraint to renewable energy development. In Gladstone, the economic roadmap process delivered by the local council identified the lack of birthing facilities as a key barrier to retaining workers once they are married and look to start families. Improving access to health services in Gladstone is seen a core strategy to retain the workforce. In NSW, the Murrumbidgee Council has negotiated to improve health services through the community benefit agreement.
  5. Embed additional capacity within local governments: to manage and coordinate regional clean energy related activities. Regional local governments play a key role in coordinating clean energy activities, managing community benefits, and supporting the infrastructure and workforce needs of the energy transition. In Renewable Energy Zones, local governments are dedicating significant resources to these tasks, often diverting attention from regular operations due to limited funding and staff. Many are handling large, complex projects unseen in their region for decades, requiring new expertise to manage the technical, legal, and managerial aspects of energy development.

    For example: An NSW Government initiative is providing $250,000 of funding for local governments to carry out planning over the next 3 years is an example of the type of support required; however additional and enduring funding (for the duration of the energy infrastructure development in the region) is necessary to cover the true cost that local governments will bear to manage the energy transformation effectively in their region.

To find out more, read more about our Inclusive Clean Energy Workforce project. 

Increasing inclusivity in the clean energy workforce

New research from UTS Institute for Sustainable Futures (ISF) and the Australian Energy Market Operator (AEMO) shows the electricity workforce alone needs to double within five years to meet Australia’s 2030 renewable energy target. More than 80 per cent of these roles will be in renewables, with energy storage jobs soon surpassing domestic coal and gas sectors.

This research highlights the big opportunity to address workforce shortages, especially in regional areas, by fostering inclusive policies that ensure equitable benefits and meaningful employment across all communities. Prioritising inclusion and equity in workforce development is key to a just and fair transition toward a net-zero future for all Australians.

Read more:  Can we improve inclusiveness in the clean energy workforce?

In September, The Next Economy provided a submission for the National Energy Workforce Strategy Consultation Paper. We identified five examples of actions that already are or have to potential to empower regions in clean energy workforce development (read more here) alongside the following key insights:

The benefits of enhancing diverse participation and meaningful employment

Every Australian should benefit from clean energy development, including the opportunity to access and meaningfully participate in the workforce. Research shows Australia’s clean energy workforce, like many other industries, has room to improve in diversity, equity, and inclusion. Factors like competition with other industries and projects, lack of training, the characteristics of clean energy jobs, and insufficient regional consultation contribute to workforce shortages in the sector overall.

Greater attention to diversity, equity and inclusion in workforce development carries broad benefits. Companies who have engaged in inclusive hiring processes have reported benefits such as access to a larger talent pool, higher retention and satisfaction rates, improved workplace culture and greater performance and productivity. In turn, inclusive and equitable workforce development practices facilitate pathways into jobs for people who often face systemic barriers to employment. It also promotes greater workforce diversity, fosters a workers’ sense of belonging and inclusion, enhances health and social outcomes and ensures workers are treated with respect and dignity and more likely to be retained. 

An opportunity to power First Nations Jobs

The clean energy transformation is an opportunity to increase workforce participation of First Nations Peoples. The Powering First Nations Jobs in Clean Energy report, by the First Nations Clean Energy Network, is a detailed resource that identifies pathways and options for First Nations Peoples to be supported to enter the clean energy workforce and access quality job opportunities and career pathways as they emerge.

Consistent, long-term Government investment in job readiness and business support programs that are led and codesigned by and for First Nations Peoples is needed. Such investment can support the scaling of efforts underway by the private sector in implementing partnerships and employment pathway programs tailored to First Nations Peoples. For example, in the Department of Defence’s Shoalwater Bay Training Area, Downer Defence worked with a range of partners to deliver training programs and initiatives that support small and medium sized Indigenous businesses to enter and thrive in the defence industry.

Support for migrants, refugees, people with a disability and those recently out of prison

Our research has found that affordability of training, lack of awareness around the need for workforce equity and inclusion, misconceptions about abilities, procurement requirements, development speed, and the culture of clean energy workplaces, all impede on the diverse participation in the clean energy workforce. 

Strategies tailored to people and their unique context can drive greater participation in the clean energy workforce for different groups. These include building awareness, inspiration and attraction to clean energy careers across diverse populations, improving access to affordable higher education, ensuring ‘wrap around support’ is available for people transitioning into work, cross sectoral collaborations and partnerships, and fostering a workforce culture that is inclusive and values the abilities and contributions of all. 

The rapidly growing clean energy sector is well poised to develop a diverse, equitable and inclusive workforce at the scale and pace required to achieve national targets. Other related sectors have experienced the benefits of a diverse and inclusive workforce over the years and developed significant body of knowledge on how to support workforce development in an inclusive and equitable way. The clean energy sector has the advantage of drawing on this existing knowledge and ensure that opportunities in the clean energy workforce benefits all Australians.   

Read more: 5 ways to empower regions in clean energy workforce development

One step closer for NZEA Bill 2024

On Tuesday 23 April 2024, The Next Economy’s CEO Dr Amanda Cahill addressed a Senate Committee Public Hearing in Canberra on the Net Zero Economy Authority Bill 2024 and the Net Zero Economy Authority (Transitional Provisions) Bill 2024. 

Dr Cahill recognised the importance of a national independent authority to support workers, industries, and regional communities to manage the transition to net zero. 

She also highlighted the need for a broadening of the scope of the Authority to ensure it is fit for purpose long into the future. TNE’s four key recommendations were to:

  1. Expand the Authority’s role to support coal mining and gas regions not tied to domestic energy generation (fossil fuel exports) and other regions and economic sectors beyond fossil fuels (e.g. agricultural and critical mineral regions)
  2. Provide direct support to regions to build capacity to enable them to undertake place-based planning and coordination to better manage the complex range of tasks required over time (e.g. from investment and support to long-term community benefits)
  3. For the Authority to have independent funding to distribute at its own discretion to support regional planning, decision making, and economic development activities related to the transition.
  4. Have at least one NZEA board member with substantial experience in regional development, community development and/or the social sector.

For more information, visit the Parliament of Australia website.

Welcome funding for CQ, SA critical minerals projects

Media Statement, 17 April 2024

In response to the Federal Government’s critical minerals project funding announcement, including a welcome $400 million in new loans for Alpha HPA’s high-purity alumina processing facility in Gladstone, The Next Economy CEO Amanda Cahill said:

“This is a good example of the role we need government to play if we are to unlock private investment and support regional communities to manage this massive transformation. It is this kind of support that helps Gladstone to attract new investment under the region’s 10-year Economic Roadmap, showing just what’s possible if communities, governments and industries come together to meaningfully address change.

“Australia is blessed with abundant resources, but this can be a curse if development is not done well with boom-and-bust cycles contributing to a range of challenges such as exacerbating housing and workforce shortages. We need a new, holistic approach to regional development so that profits are shared equitably, the rights of First Nations people are respected, and environmental impacts are avoided. For example, in some places companies are looking at how they can reduce the need for new extractive projects by adopting circular economy approaches, such as the mining of existing tailings.”

Read more about Gladstone’s 10-year Economic Roadmap, developed in partnership with The Next Economy.

For interviews, contact 0415 833 948.

A welcome Future Made in Australia

Media Statement
11 April, 2024

In response to Prime Minister Anthony Albanese’s Future Made in Australia Act announcement and address at the Queensland Media Club today, Dr Amanda Cahill, CEO of The Next Economy, said: 

“This is an important announcement at a pivotal time for Australia as the world races to decarbonise. Everyone is competing to build the industries that will be the basis of national prosperity, which means everyone is competing for the same components needed to build a renewable future.

“For the first time in decades, Australia can expand its manufacturing base to meet this domestic and international demand. Small, medium and large-scale companies across Queensland in regions like Central Queensland, Townsville and Mt Isa are already manufacturing RE components like towers for wind turbines, inputs for solar panels and electronics, processing important minerals like copper, bauxite and zinc, making green chemicals and hydrogen, and even batteries and electric vehicles.

“We hear from industry everywhere that government support like this is crucial to unlock private investment. Public finance has always played an important role in moments of large-scale and rapid transformation, from setting up the mining industry to building electricity and transport infrastructure. This moment of transformation is no different. 

“This level of government ambition offers huge potential for regions like Gladstone in Central Queensland, where local government is already attracting new investment and government support under their 10-year Economic Transition Roadmap. But only if it’s approached holistically and that means ensuring better support for essential services and housing so that communities genuinely benefit over the long term.”

For media requests, contact 0415 833 948

Victorian Senate Enquiry Submission

We recently made a submission to the senate enquiry into the closure of the Hazelwood and Yallourn power stations in Victoria. This submission responds to the three points listed in the inquiry Terms of Reference, outlined below:

(a) impact of the closure of the Hazelwood Power Station on the economy and jobs of the Latrobe Valley, and the success or otherwise of economic recovery efforts to date;

(b) expected economic impacts of the proposed closure of Yallourn Power Station in 2028 and options the State Government can pursue to offset the loss of more than 1,000 direct jobs from the plant, as well as associated contractors;

(c) success or otherwise of the Latrobe Valley Authority (LVA) to help the region transition, in light of the decline of funding made available to the LVA over successive State Budgets.

TNE_Submission_LVA_202112163618-1Download

What Queensland Wants Report

Regional Perspectives on Building a Stronger Economy

By Dr Amanda Cahill

As the COVID pandemic hit, The Next Economy compiled the many economic stimulus ideas we’d collected from across Queensland into a report called “What Queensland Wants”. The report was well received by the State government, with a number of the recommendations being adopted as election promises.

The report also generated extensive media and public interest when it was released, garnering more than 62 media mentions, articles syndicated across 19 regional News Limited publications, 5 radio interviews and a regional television interview. The media attention in turn generated further interest from state and federal MPs.

Download the report