Work category: Featured news

Building the economy we could have: Beyond investment to stopping the bad 

A version of this article was originally posted on The Point.

Many policy discussions centre on how to spend more and spend better, patching up after the fact. But this investment framing misses a crucial third pillar of prevention: stopping harmful activities from happening at all or before their impact gets even worse. Check out the latest reflection for our series ‘Building the economy we could have’. 

Gambling advertising is a hot topic in Australia right now, with a range of groups and political players calling for more to be done to stop ads popping up on our screens. 

Taking action to stop an activity known to be causing so much harm to so many Australians and their families is not really in question: the push and pull between the parties is more how much action to take and how firm government needs to be.  

Banning gambling ads is a great example of how important stopping bad things is. Yet it seems to be the exception that proves the rule: so often policy discussions instead swirl around spending to patch up after the fact. It is rare to focus on stopping bad things from happening in the first place. 

Compared to how and how much to spend and on what, far less attention gets paid to avoiding costly repair and remediation, and yet this can be much cheaper than the vast sums of public money spent fixing the damage caused by policies that allow, and sometimes even subsidise, harmful activities.  

There are so many examples. Think about the ‘direct costs from extreme weather events, which are estimated to grow by 5.13 percent each year (before inflation) and reach $35.24 billion (in 2022 dollars) by 2050.’ Or what about the health impacts of pollution in the air from truck and bus exhaust, which costs about $6.2 billion each year. Children at childcare centres on busy roads are exposed to air pollution that is equivalent to eight cigarettes a day, according to scholars at the University of Melbourne. 

In relation to chemical pollutants, the Centre for Policy Development (CPD) reports that if they had ‘been regulated early, the enormous cost of clean-up – and the impacts on human health – could have been prevented’, but now, as the CPD explains, the ‘cost of remediating Australia’s approximately 160,000 contaminated sites is impossible to quantify, but a thorough clean-up would almost certainly amount to hundreds of billions of dollars’. 

And because of child poverty, various Australian governments spend at least $16 billion annually on government services like child protection, health services, legal system costs, homelessness services and education services, and the need for Jobseeker and Family Tax Benefit in later life.  

These costs are illustrations of failure demand: demands on public services and budgets that arise because various systems, institutions, policies, and practices fail to prevent harm in the first place, let alone create the conditions for people and planet to thrive. 

What is needed is upstream prevention that stops problems before they start. This is 3-4 times more cost-effective than treating them later. This is further evidence of the very real fiscal benefits to be obtained from creating an economy that better aligns with what people and planet need. Preventing harm would deliver benefits for communities and the natural world (most importantly), while also reducing avoidable public expenditure: a potential prevention dividend.  

Taking prevention upstream to the economy 

Conversations about prevention tend not to go as far ‘upstream’ as the economy. Yet how the economy operates and for whom matters to people’s ability to thrive, and that of the planet. Going as far upstream as the economy makes it necessary to ask which activities are enabled; who benefits from them; who bears the costs; and how are resources treated and distributed? 

There is ample evidence of the environmental impacts of how we produce and consume, and inequalities within them. The socio-economic determinants of health are not disputed, but what is seldom acknowledged that much social policy is necessary because of economic policy that does not share our wealth and resources effectively.  

Acting on this evidence requires investment spending and early intervention, which is all well and good. But the investment framing misses a crucial third pillar of prevention: stopping harmful activities from happening at all, or before their impact gets even worse. 

Currently, many laws, taxes, and subsidies still permit or actively encourage activities known to cause harm, creating downstream costs for government and society (incidentally, these downstream costs align with the International Monetary Fund’s definition of ‘implicit subsidies’).  

Stopping the bad 

Addressing the fact that our economy actively encourages harm and causes downstream costs would require governments not just focus on adapting to shocks, but become more proactive in stopping the causes of harm in the first place. 

The first task is to identify what is permitted, but which is proven to:  

  1. Damage health, the environment, or economic security 
  1. Shift costs onto the public while profits remain private, or  
  1. Persist only because they are familiar, not because they work. 

Then legislators need to regulate out activities and behaviours that create more harm than good via bans, phase out, tax hikes, subsidy removals, tighter licensing, restrictions and limits, or withdrawing other forms of government support.  

Crucially, this would be accompanied by transition plans and support to avoid unfair burdens or unintended hardship for affected groups. Alongside nurturing the new, the task is to let go of the old and no longer necessary: ‘hospicing the old’ in systems thinking terms. 

Fairness: to individuals and enterprises doing the right thing 

Taking steps to ‘stop the bad’ would shift the onus away from blaming individuals and avoid infamous ‘lifestyle drift’: a phenomenon ‘where policies tend to recognise upstream factors in their rationale but drift downstream to “life-style factors” when recommending action and defining impact measures’.  

It is also about fair competition: if a practice is profitable only because its costs are borne by the public, that’s implicit subsidies, not efficiency nor genius entrepreneurship. 

Already happening 

The biggest quality of life improvements often come not from new spending, but from deciding that certain harmful practices are no longer acceptable.  

Around the world there are examples that show the effectiveness of stopping bad things happening: 

  • New Zealand’s restrictions on zero-hour contracts. 
  • Sao Paulo, Amsterdam, Edinburgh and the Australian Capital Territory are restricting the use of outdoor advertising (either outright or for certain goods, such as SUVs). 
  • Scotland’s smoking ban twenty years ago has seen rapid reductions in heart attacks and respiratory admissions (including reduced admission for child asthma by 18 percent), and healthier workers. 
  • Asbestos is banned in new buildings in many countries. 
  • Brazil’s “Dirty List” of firms using forced labour. 
  • France has banned short haul flights for journeys where there are suitable alternative train options. 
  • Wales has a moratorium on building major new roads. 

Conclusion

If efforts to stop the bad were to become more deliberate than simply sporadic, debate would move from the Treasurer’s calculator to the auditor’s assessment, and ultimately to the legislator’s pen. We’d spend less time and money fixing preventable damage, and more time building an economy that doesn’t create the damage in the first place. The gambling advertising debate shows that when the case is clear enough, stopping the harm becomes common sense. Imagine if we applied that same common sense across the board.

The ideas that have informed this piece were first mooted at an event hosted by NESTA Scotland at the Edinburgh Futures Institute in early 2026. 

Check out our series, ‘Building the economy we could have’ for more. 

Building the economy we could have: Interview with Neighbourhood Economics  

The economic development framework, Community Wealth Building, is receiving increasing attention worldwide after Scotland passed a law that brings the framework to a whole country and our last instalment of ‘Building the economy we could have’ explored the history of the concept and how it works (See our explainer here). To better understand what it looks like in practice for Australia, The Next Economy’s Economic Change Project Officer Josie Foster sat down with Annie Smits and Bill Mithen, Co-CEOs of Neighbourhood Economics to discuss how they’re applying the framework to Norlane and Corio in Victoria.  

Their motto? A fair economy isn’t impossible, it’s overdue. 

Josie from TNE and Annie and Bill from Neighbourhood Economics

What is Neighborhood Economics all about?  

Annie: Neighborhood Economics is committed to places of disadvantage and thinking about those places and re-imagining those places through an economic lens. Part of our theory sits in the idea that places of disadvantage often get looked at through a health lens, or an education lens, or a services lens, but rarely through an economic lens, and if we don’t think about local economies, we won’t shift the conditions of places like Norlane and Corio, which is where we’re working, 

Why did you pick Norlane and Corio as the location to pilot Neighborhood Economics? 

Bill: Norlane is the most disadvantaged place in the state for Victoria, and Corio is the fourth most. I’ve worked in Geelong for a long time, it’s where I grew up, and I currently live. We both worked in places where disadvantage is prevalent and have seen that things in places of entrenched disadvantage just don’t shift, it doesn’t matter the amount of capital or labour or time or effort that people put in, the conditions stay the same.  

Norlane and Corio are two of those places. There’s also been a significant amount of work done in Geelong on entrenched disadvantage, so we feel like starting in a place where the preconditions are already set and organised, made sense. 

Can you tell us about the industrial history of Norlane and Corio? 

Bill: Norlane and Corio have a story that is similar to lots of places that have been left behind, where they powered the industrial transformation of the Australian economy and the manufacturing part of the Australian economy, and as that has changed over time to become a more services-based economy, these places have often been left behind. They were typically working-class places that had – in Norlane and Corio’s circumstance – large manufacturers; Ford being one. There’s an oil refinery that still exists in Corio [and] International Harvester had their head office there too.  

Going back a bit further, there was a whisky distillery as well. There were big manufacturing organisations and businesses that employed lots of people. And as globalisation came in, as trade conditions changed within nations, and tariffs shifted, as a country we really became unviable in those industries, and so they shut down. This meant a whole heap of jobs left with them, and the nature and identity of those suburbs changed forever. 

What drew you to Community Wealth Building? 

Annie: Community Wealth Building is a practical economic development framework that has five levers that can be pulled to shift the economy in a place. The reason we go to the economy is because fundamentally the economy is the starting point of disadvantage and inequality, and if we don’t start at that place, we won’t get to actually shift the conditions of a place. We’ll do good things for people or with people, but people will remain locked in or locked out of participation in an economy and continue to be left behind.  

Bill: The levers are essentially; land, labour, ownership, finance and procurement. So that’s using land for local benefit, having a finance system that supports local institutions and local organisations, doing more socially beneficial procurement, having greater plurality or democratic ownership and having a just labour market.  

Annie: One of the other things within Neighbourhood Economics that Bill and I talk about all the time is what we call “our matters” – the things that matter in economic development that have been left out of how we talk about local economies. They are democratic ownership, shared value, distributed power, and human connection.  

Democratic ownership is important because if we don’t go to the heart of ownership – who owns what and how wealth is concentrated – we will never push back on this sense of extraction and wealth accumulation.  

Shared value goes to this sense of whoever creates value in the system is rewarded at that place, including the environment and First Peoples. Distributed power, which sits right alongside democratic ownership, is how do we distribute power and decision making differently and closer to the action or the people. Then human connection – if we’re well connected as human beings and see ourselves in the other, it’s less likely that I’m going to extract from you or take from you in inappropriate ways. 

How has this idea been received in the local area? 

Bill: We’ve just released a suite of reports, and in the production of those we’ve talked to lots of people. We talked to just under 20 business owners in Norlane and Corio, from very small corner shops and retail stores to large manufacturing businesses. We’ve spoken with nine “anchor” institutions – these are larger organisations that have economic power and can really control the economic trajectory of a place. We sat down and interviewed nine CEOs of those organisations, and then we also had these kitchen table conversations with about 40 odd residents of Norlane and Corio to really understand what life’s like and how the economy actually works and what they experience in the day-to-day life. 

Community Wealth Building is not necessarily new for Geelong, because there’ve been organisations and people have talked about it for a little while, although it’s having a bit of a moment. There is a good sense of goodwill from those bigger organisations and civic and business leaders to try and do something, and this is another reason why we chose Norlane and Corio. What they’re not sure about is what to do and so to have a framework that is different – and there’s an acknowledgement that we have to do something different – that has got some proven capability internationally, there’s a bit of interest and excitement about that. Harnessing that and turning intention into action is going to be part of our trajectory. 

Who is responsible for making community wealth building happen? 

Annie: All levels of government, but it can’t be left to just one. What we’re finding is that there’s lone voices within government that are supportive, and that will hopefully grow momentum. At all levels of government, there is conversation around the fact that we need to shift things around how our economy functions. Sometimes other groups are using the term “wellbeing economy”, which is not exactly the same, but it’s parallel and heading in the same direction.  

Bill: The connection with the wellbeing economy is important. The way I articulate it or see it is that a wellbeing economy is the thing we need. We need an economy that places wellbeing at the centre. How you do that is through using the framework of community wealth building. There is more to it than that, but that’s one of the reasons why we chose Community Wealth Building, because it’s really practical.  

Annie: We would say also that there’s this sense at all levels of government it can’t just be left to local councils, it can’t just be left to federal government, it can’t just be left to state government, and it’s not just Treasury, or it’s not just the Premier’s office. It’s got to be across government that there’s a buy-in on this, and it’s really interesting that, like, in Victoria, for example, that the Victorian Department of Health and VicHealth have really led the conversation around wellbeing and the connection of wellbeing and economy and a healthy functioning economy. So, this doesn’t just sit with Treasury, or with the economic and finance people; it sits right across government and at all levels of government and other places as well. 

What are you hearing from some of the people who may have been left behind economically? 

Bill: A range of things. Mostly ambition. The people we spoke to want all the same things that we all want. There were stories of neighbours connecting with each other and helping each other and supporting each other. There were stories of regeneration and people finding a place to be in Norlane and Corio that was really helpful to them. But there were also heaps of other stories that aren’t anywhere near as positive. These were about the difficulties of unemployment and the fact that systems – disability, employment, health, housing or otherwise – almost feel like they’re actively working against their well-being rather than trying to support them. But people were incredibly grateful to be heard, which was humbling. 

What would you like to see happen to bring community wealth building to areas in Australia?  

Bill: Community Wealth Building is still relatively unknown, which is a challenge, so the more people that know about it the better. One of the things we talk about is: what stopped Community Wealth Building from becoming either the dominant or a dominant practice of economic development? What are the barriers to it? Probably the biggest barrier is the status quo of power. How you break and shift that is really difficult. But people knowing about it, what it is and what it isn’t, is really important. People seeing that it actually is an economic development framework that is legitimate and reasonable, and can work, and is able to be used to build people’s wealth and their wellbeing is really important that it’s not just a fringe idea. It can be done by mainstream economic development. It’s just a choice. 

And your final thoughts? 

Bill: The big thing about Community Wealth Building for me at the moment is that it’s so much more than three words that you put in a sentence, even though that’s how many people will understand it. It’s actually an economic development framework that has five levers that you need to pull and shift and change all at the same time. There’s a lot of work in it, and we will do ourselves a great disservice if we don’t hold ourselves true and focus on exactly what it is. 

Annie: I agree. For Bill and I in creating Neighbourhood Economics, part of our frustration was that both of us had done a fair amount of work in economic development, and we probably potentially worked in one, a single lever, but then found the frustration of ‘why hasn’t this shifted something’, and so the really important piece is that we’re pulling multiple levers to reimagine local economies. 

Find out more and about Neighbourhood Economics: https://neighbourhoodeconomics.org.au/  

Check out our series, ‘Building the economy we could have’ for more. 

Stories from the Road(map) 

The Hay Economic Transition Roadmap is a practical, locally driven plan designed to strengthen the regional economy, build on agricultural and transport advantages and secure long-term local benefits from renewable energy developments underway. 

Developed by the community and convened by Hay Shire Council with support from The Next Economy, it brings together community, business, industry and governments around a common direction for coordinated action. 

In April, we got to catch up with a few of the Hay community members who contributed to the Roadmap, and to hear what they had to say about the opportunities, challenges and momentum already building on the ground. 

Check out our main Roadmap video, then dive into what members of the Hay community had to say below. 

“We’re looking at what we can do that uses renewable energy to generate things that our farm and local industry need. A part of that is looking at a hydrogen plant.” 

– Monica Morona, Business Development Manager

Hear more from Monica

“The roadmap is important to Hay because it secures Hay’s future. Knowing that there’s jobs and opportunities for future generations. We’ve got to keep up with the times and Hay has to do that as well.”

– Gary Brown, business owner, Hay Newsagency and Alpha1 Property 

Hear more from Gary

“The Roadmap will help support our endeavours in agriculture here, because if we can bring secondary income to a lot of these primary production properties it gives us the benefit of having a sound other income stream.” 

– Richard Cannon, landholder

Hear more from Richard

“Hay’s history to date has been on predominately agriculture returns. Now going forward we’ve got that opportunity to pick up secondary industry … If the region wins, then we all win together and that’s a great outcome.”

– Jasen Crighton, Owner and Operator, Crighton Engineering 

Hear more from Jasen

“The roadmap has been really important to see some of those opportunities in agriculture, and I think if we have another opportunity to embrace an industry that might be able to safeguard us from some of the highs and lows that the ag community faces then we should embrace it.”

– Fiona Paterson, landholder

Hear more from Fiona

Read more about the Roadmap here:

Find out more from Hay Shire Council:

🎥Chris Grose – scoutfilms.com.au

Building the economy we could have: Community Wealth Building

This instalment of ‘Building the economy we could have’ explores Community Wealth Building and how this approach can bring health and social benefits while building resilient communities to better weather turbulent times. 

A decade ago, one in twenty Australians rated their life satisfaction as very low. Today it’s one in ten: nearly 2.2 million people now living below what statisticians call the “wellbeing poverty line. It happened while the economy, by its official scorecard, kept growing. But growing for who? 

It’s clear Australians want healthy and thriving local economies that work for people and our environment, not profit alone and a different approach is needed to make sure wealth is shared and kept locally.  

It’s in this environment that the economic development strategy of Community Wealth Building has started attracting increasing interest. But what is it? And what can it offer us here in Australia?  

What is Community Wealth Building? 

Community Wealth Building is an alternative to the trickle-down assumptions of a growth-first model of economic development. It puts people at the centre of the decisions made, with a focus on predistribution of wealth, ownership and resources, making sure it is designed from the start to genuinely work for people and provide long-term, lasting changes in the economy, addressing the root causes of inequality and poverty (See Predistribution). 

There are five main pillars that guide Community Wealth Building:  

  • Progressive procurement of goods and services 💸 (Spending): Using anchor institutions, such as local government and big employers like hospitals, universities and other public institutions, to harness their procurement to bolster local supply chains and support local business development, spending, and investment. 
  • Fair employment and just labour markets 👷‍♀️(Workforce): Using these same anchor institutions and worker-owned cooperatives to ensure employment practices and wages are fair, pay a living wage and create more opportunities for equitable and local economic participation and control over work. 
  • Socially productive use of land and property 🏡(Land and property): Public land and property assets are used to create shared wealth for people, bringing local land and development under community control. 
  • Making financial power work for local places 🏦 (Finance): Wealth and savings are harnessed and reinvested for the local community using public and community banks and credit unions as well as targeting superannuation investments. 
  • Plural ownership of the economy ♻️ (Inclusive ownership): The promotion of different business ownership models to build wealth for local communities, such as cooperatives, social enterprises, public ownership.  

History 

Community Wealth Building emerged as an economic development model in 2005, through the work of The Democracy Collaborative, who describe themselves as an ‘Action-oriented Think-Do Tank’ in Cleveland, USA and in the work of The Centre for Local Economic Strategies (CLES) in the UK.  

Community Wealth Building came about from the desire to create economic democracy and a path forward that built fairness into the model of our economic system, inspired by the Civil Rights movement and the New Deal in the US as well as successful worker cooperatives such as Mondragon Corporation in Spain. 

The Cleveland and Preston models 

In 2008, Evergreen Cooperatives was set up to bring Community Wealth Building from concept to reality in Cleveland, with Evergreen’s founders and local ‘anchor institutions’ helping to set up worker-owned cooperatives with the aim of creating high-quality jobs, making neighbourhoods vibrant and sharing economic ownership with the community.  

Evergreen acquired small and mid-sized businesses, converting them to employee ownership, creating living wage jobs, training new employee owners and then providing ongoing business support to the worker cooperative. Evergreen Coops now include a commercial laundry, insulation services and a coffee roastery and cafes. 

Across the Atlantic in the north of England, following the Global Financial Crisis of 2007/2008, Preston Council was facing severe cuts to the budget after the loss of over a billion pounds in government grants. The business-as-usual approach would have been to slash council services and supports, pushing more people into poverty and economic disadvantage without doing anything to support people to have employment and options for good quality jobs.  

However, a Preston City Council representative attended an event in London with The Democracy Collaborative and one of their co-founders, Ted Howard. Ted was then invited to Preston to discuss Community Wealth Building, and from there, Preston worked to implement the pillars of Community Wealth Building via local anchor institutions.  

In 2025, they celebrated ten years of the ‘Preston Model’, with outcomes that clearly demonstrated how aligning the economy with local need can be a mechanism to deal with other problems such as mental health, life satisfaction and wages. 

In fact, The Lancet, the world-renowned medical journal, studied the model and found a reduced prevalence of depression, lowered antidepressant prescriptions, and improved life satisfaction. Plus, it raised the median wage 11 percent!   

Preston proves something that most of us would have an idea about already: that a thriving local economy that keeps wealth flowing in the community provides economic improvements as well as health and wider societal benefits.  

It also proves that an approach to mental health without addressing some of the root causes, such as economic insecurity and poverty, will simply be treating the symptoms, allowing the problems to continue (See Lifestyle Drift, The Economy We Could Have, Upstream Briefing) 

Scotland brings the idea to life across a whole country 

Scotland has recently passed a groundbreaking piece of legislation that introduces the benefits of Community Wealth Building across an entire country. The Community Wealth Building Act requires Ministers to publish a Community Wealth Building statement setting out the measures they intend to take to implement the pillars. Across Scotland, local authorities (local governments) will work with relevant public bodies to create and implement action plans for their area.  

Neil McInroy, a leading expert working with CLES and The Democracy Collective who has also been an advisor to the Scottish Government on Community Wealth Building, states that the power of this is that it moves Community Wealth Building from something that is optional or opt-in, to something that is system-wide. 

What is the potential for Australia? 

Many regions in Australia are starting to ask how they can look at economic development differently, including those in which we have worked such as Hay in NSW and south west Queensland. The economic blueprint we worked on with the South West Queensland Regional Organisation of Councils, includes a possible first Community Wealth Building step: meeting with key anchor institutions in Roma to identify spending or contracts they could commit to prioritising local suppliers or First Nations organisations. 

In Geelong, Annie Smits and Bill Mithen from Neighbourhood Economics are working to bring the concept to life in a place hit hard by previous waves of economic change where resources left. Norlane and Corio, two suburbs of Geelong, were once home to the Ford factory and auto industry, and today are two of the most disadvantaged communities in Australia.  

Neighbourhood Economics joined with SGS Economics & Planning to launch a suite of new reports in May this year, including Community Wealth Building: What will it take? This report explores what’s standing in the way of adopting Community Wealth Building as a model of local economic development in Australia. 

Other Australian Community Wealth Building activity includes: 

  • The City of Sydney, which released a discussion paper at the end of 2021 as a first step in the policy development process 
  • SGS Economics & Planning prepared a working paper on how Community Wealth Building could benefit Melbourne’s eastern region or the Victorian Government and the Eastern Region Group of Councils in 2024. 

Our next instalment in this series will be an interview with Bill and Annie from Neighbourhood Economics on their work in Geelong and what is needed to bring Community Wealth Building to life in Australia.  

Check out our series, ‘Building the economy we could have’ for more. 

Steady but cautious progress on just transitions at Bonn

Negotiations continued to shape the global approach to just transition ahead of COP31 at the recent Bonn climate talks, attended by The Next Economy’s founder Amanda Cahill.

Amanda’s time on the ground working closely with negotiators, country delegations, and civil society groups offers a timely window into both the progress being made, and the challenges that remain, in turning the Just Transition agenda into something tangible and actionable.

“There’s been steady, if cautious, progress on the proposed Just Transition Mechanism, which is a body proposed to support nations to manage the transition to net zero,” says Amanda. “It’s still on track to be further developed and potentially operationalised later this year, but there’s clearly more work needed to build a shared understanding of what it should deliver in practice.”

Alignment was a priority moving forward, she added: “Countries are supportive in principle, but there isn’t yet a clear, common view of what a ‘mechanism’ actually looks like or how it functions.

“A big part of the conversation now must move from broad commitments to something that is structured, resourced and implementable, for regions around the world who are already navigating the transition and dealing with the impacts of change.”

There was a packed agenda at Bonn, with discussions focussed on mitigation, adaptation, trade rules, and finance to support climate action. In particular, there was significant interest and debate about how the Transitioning Away from Fossil Fuel agenda spearheaded by Colombia, The Netherlands and Brazil could be integrated into the COP agenda. 

“Being on the ground highlighted how important coordination is across governments, business, unions, research institutions, and a wide range of civil society groups, including Indigenous and youth representatives. So much is happening around the world and yet for this to be effective, efforts need to be better connected and resourced.”

“There is a lot of work to do before COP31 is held in Türkiye, with success highly dependent on how well parties can translate ambition into a clear framework with defined purpose, governance, and support behind it.”

Earlier this year, The Next Economy made a submission on how a Just Transition Mechanism could be operationalised to the United Arab Emirates Just Transition Work Programme. 

Read our summary of the submission to find out more about what a Just Transition Mechanism is, why it’s needed and how we think it can be made a reality.

Building the economy we could have: Nightingale Housing

To build the economy we could have in Australia, changes must be made to the housing market as access to and ownership of housing is a huge driver of inequality. Currently the way the housing system operates seems to be a far cry from one designed to provide housing that is socially and environmentally friendly, at affordable or accessible prices. Instead, Australia has become a place where ‘investors’ look to make a profit. 

Melbourne’s Nightingale Housing offers a different model. As a not-for-profit, Nightingale doesn’t add a profit margin, delivering homes ‘at cost’.  Apartments are sold not to investors, but to residents and housing providers, and caps are set on resale prices. One-fifth of apartments are prioritised for key workers, people with disabilities, First Nations people, and single women. 

They also have a focus on minimising resource use and building strong community ties. Social connection is fostered via shared spaces, such as rooftop gardens, BBQs, and laundries. Recycled, natural, and local materials are used where possible, with energy-efficient features, like double glazing and insulation. Rooftop solar and water harvesting support the gardens, while the complex includes bike parking and are deliberately based near public transport to avoid the need for a car.

Our Economic Change Project Officer Josie toured one of the Nightingale apartments in Brunswick, then sat down with Toby Dean, the Head of Community at Nightingale Housing.  

Toby works to ensure there are foundations for friendly relationships with existing and future residents. He also focuses on engagement with Community Housing Providers to help more people access to quality and secure housing. The conversation covered what Nightingale does and changes we need in the housing market in Australia to build the economy we could have.

Our Economic Change officer Josie, touring Nightingale
The interior of a 2 bedroom apartment
Integration is a priority, with plants and trees planted and cafes and retail.

Can you tell me a little bit about who Nightingale is and what you are trying to do? 

We’re a developer, essentially, so we operate in a system that’s primarily driven by profit, but we’re a registered charity and a not-for-profit. We buy blocks of land and build housing that puts community and environment first. 

What are some of the ways that you put community and environment first? 

At the core of our project, we typically sell to owner occupiers, we sell at cost, and we sell a portion of our building to community housing providers to have affordable housing mixed into the building. We care about everyone that’s living in the community, and we hope it’s a mix. We typically build small footprint homes, which is one of the first steps to a more sustainable living system, to have smaller homes and more efficient homes as well, with things like solar panels, 100% green power, and well insulated. 

 What are the sorts of ways that Nightingale aims to create more of a connection between neighbours? 

In a typical Nightingale apartment building, there are studios, and one-, two-, or three-bedroom apartments, and then on top of that, there are shared spaces that are designed to have both a practical function and a community driven function. So, bike parking, laundries, sometimes a guest house, a bath house, and rooftop garden spaces. All those areas are designed for people to do their washing or to garden, but also to get to know their neighbours and share resources as well. 

Bathhouse that can be booked by residents
Communal bike parking
Shared play area for children

Where are the Nightingale projects? There are lots around Brunswick in Melbourne, but where else? 

We have a rental project in Sydney, projects in Fremantle, Adelaide, Ballarat, Melbourne. Our next few projects are local, one in Preston [Melbourne]. We’re also continuing to do some townhouse projects in Alphington and other suburbs. We hope to do another project in Adelaide, and then it’s uncertain what will happen after that. 

We are Melbourne-focused but hope to expand that out, not only to capital cities, but typically we target areas that have good transport infrastructure, so that people can live without a car, like Wollongong or Newcastle. We aim to build close to public transport, close to amenities, and close to things like schools and education and jobs and infrastructure as well. 

What are the things that are core to Nightingale?

We always use 100% green power, we prioritise shared spaces, good internet, sustainable buildings. And then on car parking; we just don’t believe we’re in a car parking crisis, we’re in a housing crisis, and for us to build homes and then add a private car park onto it, it adds a considerable cost. For us, we think the biggest barrier is getting people into home ownership. 

What do you think is the hardest thing about being a developer in the housing market that we have in Australia? What are the barriers that Nightingale faces? 

I think it’s always tricky to challenge the status quo. Typically, development is a profit-driven industry, which we’re obviously kind of sitting outside of that. 

We want our buildings to perform well, and for it to be sustainable financially and environmentally, but it is tricky. There’s limited access to concessional finance in Australia, and there are a lot of barriers that can make development tricky. And construction costs are expensive, land is expensive.  

Have things gotten easier or harder since you’ve started in 2013? 

I think it’s probably been a mix. We’re still a small organization, there’s only five or six people that work here full time, and we’ve been through the ups and downs of the development industry. I think in some ways it’s got easier, people know who we are, people understand what we’re trying to do. There’s also been a big shift in planning laws that encourage medium-density or high-density developments and understand that not every home has to have a car. We’ve got past some of those battles. I think conversely, construction costs have increased so that it’s hard to build homes that people can afford to buy. You can build luxury apartments, but to build apartments at cost, typically for first home buyers, it’s gotten expensive.  

Absolutely, and when you’re in inner city suburbs as well, where the median house price is high, “affordable” for the area, might not be affordable for a lot of people. 

Yes. And “affordable” is a tough metric. There are proper definitions of it, but I think it’s more important for a home to be affordable on a person’s income rather than relative to market, which is what some people use. 

Diverse spaces built in like art studios and a meditation centre
Grassy rooftop area for sitting
Veggie gardens on the roof and BBQ space

Do you see the not-for-profit developer space getting better in Australia, or do you see a lot of examples of ‘ethical washing’?  

I think it’s gone both ways. There has been a shift to appreciate good development, and to appreciate good density, with the rise of kind of the YIMBY movement, and the changes to planning laws, and everything like that, which encourage development. I think, conversely, there’s still a lot of poor development, or density that’s not appropriate for the place. I think the general population now have greater expectation around sustainability requirements, about insulation, about acoustics, and comfort, and non-flammable cladding. 

What else has changed for the better since you first started out? 

The building codes have changed for the better, the energy requirements have changed for better. I think in general, we’re moving in a better direction, I just wish people would be more concerned about sustainability, affordability, and making respectful places to live where people enjoy living there. I also live in a Nightingale project, you get to know your neighbours, you feel cared for, and there’s a sense of connection that is important. 

What do you think about the situation in general in housing in Australia?  

I think it’s about acknowledging that it is tough for a lot of people; for renters, for first home buyers, even for those downsizing. I think that a lot of Australians are kind of wary or cautious of change, but I think it’s important to acknowledge that you can make changes in the housing system. Nightingale still finds it difficult, we’re not just cruising through as an organisation, things aren’t easy. I wish we had greater access to concessional finance and there were more not-for-profit developers operating in our space, so we weren’t one of the few.  

What do you see needing to change from a government approach? 

People talk about housing affordability, I think that’s a good term, but it’s relatively abstract for a lot of people. I think that housing in Australia is too expensive, and the cost of housing needs to decrease, or our wages need to increase. I think that the recent changes by the federal government were supportive.  

The changes to capital gains tax, and other changes that they’re bringing forward, I think are positive. I think that they will see housing perhaps get closer to wage growth, not increase as exponentially as it has, and for property not to be seen or viewed as a tool for wealth creation. We always wish for more, but I’m super appreciative of those changes. I think it was brave to do some potentially not popular decisions.  

I think there needs to be a strengthening of tenancy laws, for renters and anyone out there in the housing market, and I think there should be support for first home buyers. I also wish there was an increase in public and community housing funding. 

Thanks for your time, Toby. And thanks for showing me around! 

 Thanks for coming. It’s nice to share with people what we do here at Nightingale Housing! 

Head to www.nightingalehousing.org for more information.

Check out our series, ‘Building the economy we could have’ for more case studies, explainers and interviews that show what is possible in Australia.

Internal garden for cooling and greenery
Rooftop garden to allow access to greenspace
Internal garden for cooling and greenery

Announcing: Erinch Sahan’s Australian tour in partnership with The Next Economy

At The Next Economy, we are excited to team up with Erinch Sahan for his Australian tour to share ideas, provocations, and proof of what is possible in the world of business and investment.  

Businesses and investment matter in Australia. They have a significant role in shaping economic, ecological, and social outcomes – for good, and sometimes for ill. So how can business and investment ensure that their activities and ways of working contribute to an Australia that future generations will be proud of?  

Erinch is a globally renowned thought leader with expertise in business design and investment. Join us to hear from Erinch and widen the discussion about the critical role of business and investment in building the economy we could have.  

Who is Erinch Sahan? 

Growing up in Sydney in the 1980s and 1990s to Turkish immigrant parents, he began his professional life in the corporate sector, and from there, has increasingly focused on making businesses a positive force in the world.  

His experience is varied: he has been CEO of the World Fair Trade Organization, a senior associate at the Cambridge Institute for Sustainability Leadership, and recently the Business and Enterprise Lead at Doughnut Economics Action Lab. He is currently leading the investment portfolio at the UK’s Joseph Rowntree Foundation (JRF), driving its move to mission-related investing.   

TNE’s Economic Change Program Director, Dr Katherine Trebeck, has worked with Erinch over the years and is constantly inspired by his ability to question what business can do and how it needs to change to enhance its positive impact. She describes him as “not just one of the boldest thinkers in business design, but someone who shares incredible case studies and stories of innovative business leaders delivering tangible impact”.   

Find out more about Erinch: 

👂Listen to Erinch’s episode on the BBC’s Bottom Line – Decisions That Made Me: https://www.bbc.com/audio/play/p0l7c12y

👀 Watch Erinch’s latest TEDxPrague:

Get involved!  

These are the public facing events in the works. We will be updating this as we get closer to the dates so subscribe to our newsletter for updates, and follow our LinkedIn and Instagram so you don’t miss out!

Melbourne:  

Transforming Business and Investment into a force for good. Erinch Sahan, with special guests from Regen Melbourne and Social Traders.

📅 Date: Tuesday 6th of October, early evening

📍 Location Greater Melbourne Foundation Hub

🌍 Hosted by: The Next Economy and Greater Melbourne Foundation

🎟 Tickets:  Event page and tickets coming early August!

Canberra:  

Redesigning business and finance to unlock economic transformations: Australian National University Saving the World Webinar.

📅 Date:  Thursday 8th of October, 12.30pm-1.30pm  

📍 Location: Online webinar

🎟 Tickets: Register here. 

Sydney: 

What would business look like if it worked for everyone?

📅 Date:  Wednesday 14th of October, 6pm-8pm

📍 Location: Yirranma Place, Darlinghurst

🌍 Hosted by: The Next Economy and Paul Ramsay Foundation

🎟 Tickets: Coming in August!

This trip is generously supported by WWF, Paul Ramsay Foundation, and Greater Melbourne Foundation. 

If you would like to support this trip or find out more about events, please email j.foster@nexteconomy.com.au  

Investing in regions to unlock the transition

Australia is currently navigating a fundamental transformation of its energy system, shifting from a fossil fuel past toward a renewable future. Our regional communities are at the frontline of this change, hosting the infrastructure, resources and workforce that will determine our national success. 

Our In Brief: Investing in regions, unlocking the transition series offers financial decision-makers across government, investment and philanthropy a high-level entry point into regional investment and its role in Australia’s transition to a climate-safe, regenerative and socially just economy. 

The series grew from an investor experience in Gladstone in 2024 and has since expanded – in geography and subject matter – drawing on work across regional Australia, desktop research and expert contributions. 

Each brief provides a bird’s-eye view of a focus area, including key barriers and where support is most needed. Current topics include: 

  • Decarbonising and increasing the capacity of the grid 
  • Developing green export industries 
  • Regional investor insights from Gladstone 

These briefs are a starting point – designed to spark conversation, build shared understanding and support deeper discovery. Because these topics are interconnected, effective progress requires a whole-of-system approach and close coordination across sectors. 

As this space evolves rapidly, we welcome your feedback to keep the series current and useful.

Decarbonising and increasing the capacity of the grid 

Australia’s electricity power system or “grid” is the vast transmission and distribution network that transports electricity from generators to consumers. Right now it is undergoing a fundamental transformation from its fossil fuel origins toward a renewable future.

Download

Regional investor insights from Gladstone 

Industrial regions are central to Australia’s net zero ambitions. They host the resources, infrastructure and workforce that will determine whether the energy transition succeeds. Gladstone, an industrial heartland with exposure to emissions-intensive and trade-exposed industries, is on the frontline of the global energy transition. 

Download

Developing green export industries 

The global shift to net zero emissions is the defining economic and industrial transition for Australia this century. While the value of Australia’s emissions-intensive exports will decline with global demand for fossil fuel, the global energy transition also creates enormous potential for new industrial growth. Early and coordinated investment can position Australia as a leading global supplier of green commodities and advanced manufacturing components. 

Download

Hay’s Economic Transition Roadmap is here -why this more than just a plan  

Last week the Hay Economic Transition Roadmap was launched in Hay with the people who brought it to life – Hay Shire Council and around 30 of the 250 community members who contributed in one way or another over three years of deep engagement. This roadmap isn’t just a document; it’s a genuine expression of what the community wants for its future, and we’re so excited to have supported its development and have it out in the world. 

Led by Hay Shire Council with support from The Next Economy, the Roadmap brings together local knowledge, priorities and practical actions to guide the next decade of economic change – building on Hay’s strengths and preparing for what’s coming. It is designed to align investment with community aspirations and catalyse coordinated, collective action for change – with the community in the driver’s seat.  

We sat down with our Land Program Director Jacqui Bell to talk about what she’s learned over the past couple of years and what this means for how we think about regional economic transitions.  

Why are region-wide economic transition plans needed?  

Communities like Hay are navigating compounding pressures all at once – things like housing shortages, workforce gaps, industry shifts and climate exposure. Band-aids on broken systems won’t cut it. We need upstream change that builds on local strengths and focuses on practical solutions that respond to the unique characteristics of a place. That is, change that generates value locally – not simply chasing narrow national targets or technology mandates. 

Working at the regional level connects the dots between sectors and industries to tackle challenges and create new opportunities in ways no single farm, business or government agency can do alone. In agricultural regions like Hay for example, regional planning and coordination creates the enabling environment for local businesses and farmers to ‘move’ and explore new partnerships, de-risk innovation and diversify on-farm income. 

For new industry proponents, a regional plan signals where opportunity exists and how shared value can be created – and in many cases, collaboration with regional stakeholders is what makes the business case for investment stack up. For farmers, it enables economies of scale, de-risked investment, opportunities to lower external inputs and new business activities that simply aren’t viable farm by farm. We see examples of this already in efforts to get good outcomes for nature – where working at a regional level, not a farm level sometimes makes a lot more sense. 

Regional collaboration isn’t always straightforward – but there are organisations working out how to do it well, helping landholders, residents and Councils find the mechanisms and models to sustain this work over the long term. 

So, what does this look like in practice? 

Hay sits in the South West Renewable Energy Zone, a real opportunity for the region if managed well. The Roadmap process is already delivering results. From housing solutions, new agricultural industries, expanded childcare, and two renewable energy projects progressing with broad community support.  

There are many more opportunities emerging. For example, offtake industries – businesses that take locally-produced energy and use it productively – preferably for the benefit of local industries and businesses. Think freight, fuel, and fertilisers. A sustainable fertiliser business using renewable energy is already under establishment, with regional producers committed to buying at the scale needed to make it viable. 

And it’s not just new businesses. Existing ones are adapting too. A local engineering firm is moving into water infrastructure for energy projects – a specialisation with applications well beyond Hay. 

This isn’t just aspiration –the momentum is real and work is happening already on the ground. 

Jacqui shares the final Roadmap with community members at the launch in late April. 

What’s the role of Local Government in all this? 

Council plays an important role – facilitation, convening, connecting the dots, building the appetite for change, countering misinformation etc. Support for renewable energy development in a region like Hay didn’t happen because of some national campaign – it was because of the rigorous and ongoing communication and engagement that Council facilitated, the discussions they brought together, the open door they had to proponents, community, businesses. 

Why is community involvement important? 

When local people are involved and are part of a group behind a vision and supported to be champions of economic change, momentum builds. We could see this in real time last week, when one of our working group members shared how they’ve been talking to a local organisation about progressing an action in the Roadmap. This is where the magic happens – community starts to talk, and action is sparked. 

Why is regional work like the Hay Roadmap important? 

Regional work matters – it is the connective tissue that holds the regional economic system together and helps each individual component move in the right direction. It’s also critical for sectoral transitions – to understand how characteristics of a place shape or hinder the big shifts that are needed, such as the decarbonisation of agriculture, for instance. 

The work in Hay is important because it tells a strong and compelling story about what good regional development and economic transitions can look like across Australia.  Communities facing big shifts – new energy, industry change, climate pressure and workforce gaps are increasingly deciding to shape their own futures rather than wait. The ones doing it well are planning ahead, building on local strengths, and asking the right questions: What are we transitioning to? What does good development look like here? How do we make sure benefits flow locally?  

Hay is one of the clearest examples of what this looks like when it’s done well, and the lessons here matter well beyond one town  

But a Roadmap is just a document, isn’t it? 

People sometimes roll their eyes at the thought of another planning document, but for The Next Economy, the document is simply the artefact – the process, the engagement, the coordination and local capacity building is what creates change and builds momentum for new partnerships, new opportunities and community leadership of the future. 

That said, the pride that the Hay community feel for the Roadmap, and the value they see it provides them is huge. This was again demonstrated by the conversations we were part of and feedback we received from local people during our visit to Hay last week when we launched the Roadmap with the community. Having a document like this provides a strong signal to investors, collaborators and government. It’s something that everyone in the region can point to demonstrate the work they’ve done, the direction they’re heading, their priorities and what doing business in Hay looks like.  

The number of queries we and the region have had even after the soft launch of the Roadmap last week is testimony to its power. The Roadmap sends a signal that Hay is a strategic partner to change with people that have the mindsets and willingness to explore opportunities and create shared value.  

So, what should we take out of all of this? 

Hay has and is doing something genuinely impressive – a community of this size taking the initiative to plan ahead, build consensus, and deliver real outcomes.  It’s a clear example of what responsible development and economic transitions managed well can looks like across Australia. For other regions to go the distance, they need the same meaningful engagement and real backing, including funded local coordination roles that turn good plans into lasting outcomes. 

Jacqui (far right) celebrating the launch with (from left) TNE Senior Project Officer Doug Ruuska, Hay Shire Council Economic Development Officer Alison McLean and Hay Shire Council Youth and Economic Development Officer Kylie Brettschneider. 

Read more about the Roadmap
Read the full Roadmap

Empowering Hay: A community-led transition roadmap

The Hay Region Economic Transition Roadmap demonstrate how regional Australian communities can shape their own economic futures. The Next Economy has been proud to work with the Hay Shire Council and the local community to develop a sequenced, practical pathway for economic growth. 

Why Hay is leading the way 

Located at a strategic intersection of renewable energy zones and key transport routes, Hay is acting early to ensure change happens with the community, not to it. The Roadmap focuses on: 

  • Local leadership: Building on rural enterprise and natural resources. 
  • Strategic levers: Seven accelerator actions to increase regional capacity, including dedicated coordinators for housing and workforce development. 
  • Shared value: Creating conditions for industry and government to align with community-defined priorities. 

This project demonstrates what is possible when local insights are backed by strong collaboration. Hay is ready, the momentum is real, and the invitation is open for collaborators to join us in unlocking the full impact of this vision. 

Read the full report

Our evidence to the NSW REZ inquiry: lessons from the ground 

Energy lead Saideh Kent appeared before the NSW Parliamentary Inquiry into the impact of renewable energy zones on rural and regional communities and industries in late March. It was an opportunity to highlight the great work communities in renewable energy zones are progressing and reinforce the critical role regions play in the development of renewable energy, says Saideh.  

The Next Economy has been working alongside Hay Shire Council in the South West REZ and Uralla Shire Council in the New England REZ for the past two years, and both councils endorsed reports of our work in the fortnight before Saideh appeared. Working closely with councils,Saideh says “you see how they are getting on with development, managing challenges and seeking the best outcomes for their communities”. 

Here Saideh shares some of her reflections…     

What we’re hearing on the ground 

The picture is more positive than the headlines often suggest. Communities are getting on with it, working alongside developers, EnergyCo and government departments to plan for what is coming and find solutions that work for them. We have seen genuine improvements in the NSW planning framework over the past two years, with greater clarity emerging around community engagement, landholder payments and benefit sharing, and EnergyCo’s funding support for local government has made a real difference to what councils can actually do – though they do remain very overstretched. 

Housing is a good example of communities turning a challenge into an opportunity. Both Hay and Uralla are progressing innovative housing solutions with developers and private investors, where short-term workforce demand creates the market conditions for investment in housing that will benefit the community long after construction is complete. 

Community engagement needs to be genuine 

Communities in REZ areas are not short of opportunities to be consulted, but the quality of that engagement matters enormously. People do not want to be asked by eight different project developers how they would like to spend community benefit funds. What they need more of is real involvement in decisions about transport routes, housing and workforce planning, all things that will affect their lives.  

Working in place provides the opportunity to bring all parties to the table to work through challenges and determine what is the best solution for local communities.  In some areas local employment targets are effective, in others, they can add stress to existing workforce shortfalls, so engaging communities in local solutions is so important. 

Local government belongs at the table 

Councils in REZ areas are doing an enormous amount of work.  Coordinating across agencies, planning for cumulative impacts, facilitating community engagement, often holding the process together in ways that are not always visible. The Next Economy supports Hay Shire Council’s call for councils to be recognised as strategic partners in the REZ planning framework, with concurrence required from councils in the development of conditions of consent. This would allow councils’ requirements and policies to be incorporated into the general terms of approval and give communities greater certainty. Continued and enhanced funding for council capability through the development and construction phases will also be essential. 

EnergyCo’s mandate and development outside the REZs 

EnergyCo’s coordination role has been valuable, but its broader authority rests on changeable footing under the current legislation. We would like to see that role clarified and reinforced so it has the ongoing mandate and funding to support communities across the full life of each REZ. I also raised the situation facing councils dealing with development outside the REZ access schemes, where cumulative impacts are just as real, but coordination support is much thinner and called for the REZ access merit criteria to be extended more broadly. 

Nature and local knowledge 

Reflecting on my evidence, an issue I did not get to raise at the inquiry but sees as critical: communities we have engaged with care deeply about the land and want to see nature-positive outcomes from these developments, which is entirely compatible with renewable energy. The University of New England is already undertaking research on biodiversity in solar farms, local farmers are keen to participate in biodiversity offset programs, and there is deep environmental expertise in the region that should be drawn on actively. We support the inquiry’s earlier recommendation calling on the NSW Government to identify ecological protection and restoration priorities for each REZ and encourage developers to contribute to positive regional environmental outcomes. 

What gives me confidence 

What stays with me after two years of this work is how capable these communities are., . Councils are coordinating across agencies, planning for large incoming construction workforces, facilitating community engagement across multiple projects, and doing most of it with constrained resources and a planning framework that has not always kept pace with what is happening on the ground.  

The opportunity on the other side of all this is significant. Better housing, lasting infrastructure, stronger local economies, nature-positive outcomes from development that is done well. But those things do not happen automatically. They take resourcing, coordination, and a framework that treats councils as partners who need support to get the best outcomes for their communities. 

That is ultimately what I wanted to leave the committee with, examples where the real challenges are being addressed by communities, that have done the hard work of showing up, engaging honestly and pushing for something better. 

Saideh at the inquiry with fellow speakers Chris O’Keefe and William Churchill from the Clean Energy Council.
 
Download the SaND Report
Download the Hay Report

What freight decarbonisation means for regional Australia

Land Sector Program Lead Jacqui Bell ponders what freight decarbonisation means for regional Australia off the back of a commercial vehicle decarbonisation summit at Parliament House. 

Our Land Sector Program Lead Jacqui Bell attended Freight Forward summit on commercial vehicle decarbonisation at Parliament House on 30 March 2026, hosted by Energy Futures Foundation. This event could not have been timelier, as we grapple with fuel security as a nation. It’s also deeply relevant to our work with regional communities here at The Next Economy. 

Jacqui heard how Australia imports 90% of our transportation fuel and moves more freight per person than any other country. She also learnt that 98% of businesses in Australia’s freight transport system are owned by small to medium businesses, 2% by owned by large corporate freight and logistics operators. Those big businesses have the power to send signals down the supply chains to make the transition work, but those signals must be backed by investment, education and support to shift. 

Jacqui at Parliament House on Monday 

Here are some more of Jacqui’s reflections post-summit about what she heard and what this might mean for our work with regional communities. 

I’m really curious about the “lopsided economics of transport” (to quote Transport Workers Union National Secretary Michael Kaine). While large logistics companies move a significant share of Australia’s freight through linehaul networks, the system relies heavily on small and medium operators (think local businesses and independent drivers) to complete last-mile delivery and provide regional coverage from depot to door/gate. They make up around 98% of freight businesses in Australia and are critical to how the freight system actually functions.  These businesses are embedded within large supply chains, not separate from them. Additionally in many regions there are more unlikely suspects that will be affected by the sector transition – think the farmer who owns machinery and trucks or the locally owned and managed service station which plays a role similar but different to the local pub.  

Australia’s freight and logistics system in Australia is important for regional Australia and communities. Australia’s freight system in many cases keep regional economies moving, and are critical to the viability of local industries and businesses and local spend. Changes in this sector aren’t going to just impact the trucks we see on the road or how and where they charge to ‘refuel’, sectoral change in technology, ownership, power and system design have the potential to create a ripple effect or more likely a tsunami of impacts for other regional communities, local businesses and industries, regional economies and serviceability across more rural and remote parts of Australia.  Not to mention have significant implications for other sectors in transition such as energy. 

There are practical challenges for freight decarbonisation in regional Australia. Much of our local infrastructure, like roads and bridges, are no longer fit-for purpose for the future transport and freight system we need to transition well. There’s also questions about energy access including poles and wire infrastructure, which is not reliable or extensive enough to provide energy where it is going to be needed. There’s the fragmentation of the industry between technologies, ownership, scale and size. And that’s not to mention the practicalities of dealing with digitisation of machinery, and their serviceability etc. We hear of farmers who are stockpiling trucks and machinery because malfunctioning digital systems in machines are too disruptive for day-to-day operations. 

While there are challenges, there are also opportunities. Regions like Hay in NSW could be partners for investment; they have space for microgrids, potential for their own energy production (e.g., wind turbines) and the region is already strategically located on major trucking routes. How do we support a region like Hay to establish its own charging and servicing infrastructure and move away from providers just ‘coming in over’, doing their own thing and taking spend out of the local economy? 

We need regional voices. They need to be in the room and around the table of these conversations to make sure that workers, and small to medium business owners and regional agencies are part of the process and involved in shaping the solutions.  

This conversation goes beyond reducing emissions. Freight is one of the biggest vulnerabilities to our nation’s economy, and its decarbonisation is also about building resilience. 

The transition of the sector is probably going to require a mix of technologies. It’s not just electrification of vehicles, but there may also be discrete roles for green hydrogen and biofuels in some cases (although the jury seems still a bit out on this). It is a question of the right mix – the right trucks for the right segments. 

Ultimately, this is not a technical challenge; this is a socioecological challenge.  The technology is here for decarbonisation of freight and many commercial vehicles are due to be changed over. This is an implementation challenge. Some stats suggest we are in a ‘window of opportunity’ where a large number of vehicles are due to be upgraded in the next 5 years; the push is to shift from diesel to EV now. While there is a high upfront capital price, ongoing fuel prices make the shift favourable. Panels from Woolworths, Fortescue, and IKEA, for instance, noted that the business case (for transition) stacked up even with pre-crisis prices. But how do we support this to happen? There was a lot of talk about misinformation, knowledge, and understanding. 

There’s a big question around the overall design of the system. Air Vice-Marshal John Blackburn, former Deputy Chief of the Air Force, current Chair, Institute for Integrated Economic Research Australia made this point, noting we appear to be arguing the components. There was also much discussion about charging infrastructure, the need for it, how to roll it out and who owns and accesses it. What will this mean for the majority of small to medium businesses that need to use that infrastructure? 

My final take home is that there is different work that needs to be done in this moment. We need to navigate through this crisis, making sure that we don’t lock ourselves into something we can’t easily undo.  And then we need to get realistic about a ‘funded’ transition that is fair, sustainable, keeps people safe, keeps the industry viable, and supports regional communities and economies. 

Questions I’m still thinking about: 

  • What happens to small ‘Ma and Pa’ independent fuel stations who play such an important role in regional communities? 
  • How do we take care of society of our people and places as we transition so we continue to be a place that we want to live, where prosperity is shared? 
  • How are people in the sector thinking about these social elements of this challenge and transition?  
  • How can regions whose economies rely a large part on freight and logistics to keep their economy going, be a part of this conversation about enabling infrastructure and system redesign? 
  • If transport comes to a standstill and/or if it shifts into a totally different system that locks out local businesses and operators, how do we prepare communities and build the socioeconomic conditions and capacity required to endure and adapt? 
  • If most freight and logistics companies are run and owned by small to medium business owners around Australia, how do we support that system to move in a way that doesn’t involve carrying the cost burden of change without having a share in the rewards of moving? 

Walking Together: A conversation with Darryl French-Majid, CEO of Esparq Ventures

Esparq Ventures is quietly reshaping the Indigenous business landscape across Northern Australia. In less than two years, its community-led model has supported dozens of Indigenous entrepreneurs to launch and grow ventures across sectors like tourism, agriculture, technology and education. These businesses are creating jobs, building founder confidence, and strengthening local economies – all while staying grounded in culture and Country. 

Esparq Ventures is an Indigenous-led organisation working alongside Indigenous entrepreneurs to grow strong, successful businesses and a thriving First Nations business ecosystem. Founded in 2024, Esparq exists to back Indigenous founders with the tools, networks and support they need to take their ideas to market and succeed on their own terms. This includes building ventures, unlocking new market opportunities, and strengthening the infrastructure needed to support a connected and resilient Indigenous economy. Everything we do is grounded in self-determination and a belief in what’s possible when communities have the resources to shape their own futures. Esparq has 100% Indigenous membership and a majority Indigenous Board.

 To find out more visit: www.esparq.com.au   

Darryl Majid, founder and CEO of Esparq, is modest about his own achievements – but when he speaks about his team, their work, and the people they walk alongside, his enthusiasm is unmistakable. In this conversation, Darryl shares the thinking behind Esparq’s approach, the lessons learned from walking alongside entrepreneurs in Far North Queensland and the Torres Strait, and the bold vision driving the company’s next chapter.  

This conversation accompanies Walking Together, Esparq’s first official report, co-authored with The Next Economy, and explores the challenges, opportunities and stories shaping a new Indigenous-led business ecosystem. 

Tell us about your journey – what’s your background, and what inspired you to start Esparq Ventures? 

I started out working in the space as a First Nations Lead, alongside some incredibly talented and passionate people. We were making early progress in building Indigenous social enterprises, and that experience gave me a real sense of what was possible. But it also highlighted the limitations of traditional structures for Indigenous businesses. 

In August 2023, I made the decision to leave and build something new. I’d just become a father, so part of it was necessity – I needed to bring in income. But I also knew I had a unique skill set and a deep passion for this work. I’ve always thrived on the challenge of raising capital and pitching ideas, it scratches a competitive itch for me. 

More importantly, I saw that there were all sorts of people and funders who genuinely wanted to support Indigenous businesses but didn’t know how to connect with the right people or navigate the cultural context. Esparq was born out of that gap – to walk alongside entrepreneurs, unlock opportunities, and build something that could truly shift the landscape. 

You often talk about ‘walking alongside’ entrepreneurs, and it’s the name of the paper, what does that look like in practice? 

It means going the long route. We’re not just handing over a business plan and walking away. We pitch for our clients, call out bad actors, ring government on their behalf. We pool shared resources like bookkeeping. It’s a tough model – expensive and time-intensive – but we believe the long-term investment will pay off. 

We’re deeply embedded in the work. We’re part of the business, not just advisors. That’s what walking alongside really means. 

What are the biggest barriers Indigenous entrepreneurs face – especially in remote or regional areas? Why haven’t traditional investment models worked? 

Capital is the biggest barrier – always. There are lots of other barriers, but they all come back to money. Non-Indigenous entrepreneurs are more likely to have access to family savings or assets they can leverage. That’s not the reality for most Indigenous people. If you don’t have money, you can’t get money. 

Traditional investment models assume that kind of access. They’re built around people who can self-fund or bootstrap. That’s why they haven’t worked – they don’t account for the structural disadvantage Indigenous entrepreneurs face. 

What kind of future do you imagine for Indigenous entrepreneurship, and how does Esparq help bring that to life? 

I imagine a future with more access, more exposure, and more maturity in the Indigenous business sector. Right now, a lot of businesses are sole traders or joint ventures – many are dependent on grants, not loans; not independently owned or scalable. We need to build models that allow Indigenous entrepreneurs to grow and thrive, not just survive. 

Esparq is about creating those models. We’re building businesses that can replicate and scale across northern Australia – like Bush Beef, which allows Indigenous cattle breeders to supply into a single entity to better access markets. Through one business, we can create many. It’s about solving our own problems and using those learnings to drive systems change. 

What strengths do you see in the businesses you work with, and what are some common misconceptions? 

One big misconception is that Indigenous people aren’t entrepreneurial – but that couldn’t be further from the truth. There’s a genuine entrepreneurial spirit in our communities. People are running multiple micro-businesses, juggling jobs, and constantly innovating. In the past two weeks alone, we’ve had leads ranging from drone tech to AI tools for classrooms. The ideas are out there. 

The strength lies in the people.  

We look for founders with tenacity, creativity and character … the kind of high-agency individuals who move with urgency, challenge the status quo and find a way to keep going when others stop looking. Like the woman who catered for a full group from a tiny kitchen with a single burner — and still delivered unforgettable food, by boat. Or the tourism founder who couldn’t get funding, but rallied volunteers, built partnerships and got a bus on the road to market his vision. You can’t help or teach this stuff. The rest – pricing, bookkeeping, operations – we can help with. 

What does success look like for Esparq, beyond just the numbers? How should we be measuring value in Indigenous business? 

Success is about empowering people to create wealth and autonomy. If people have money, good things follow. We don’t need to define impact narrowly – we just need to record the great things that happen when communities are empowered. 

Measuring jobs, revenue, and businesses supported has its role. But a job in Cairns isn’t the same as a job in remote Cape York. We need to tell the stories of what happens when people are given wealth and autonomy – that’s the real impact. 

What did the Esparq Partner Experience in Cairns and the Torres Strait mean to you – personally and professionally? 

It was surreal. I’ve never had many traditional jobs, so I’m always figuring things out. Professionally, it opened new opportunities for Esparq and the businesses we support. Personally, it was more relief than excitement – just knowing it worked, and it all came together. 

The trip wasn’t about showcasing our work – it was about introducing people to the communities we work with. That’s the difference. We’re not saying, ‘come see what we’ve done’ – we’re saying ‘come meet the people we’re walking alongside’. 

What’s next for Esparq, and what are you most excited about in this next phase? 

We’re shifting toward building scalable businesses and co-founding with community. Bush Beef is another good example – one head business that Traditional Owners can supply to. We’re piloting tourism and logistics networks to break down barriers of remoteness. It’s about replicating and scaling models across northern Australia. 

We’re also using those learnings to shape new products – like our Futures Fund, alongside shared services. It’s about solving our own problems and building systems that work for our communities. 

What message would you share with investors, policymakers, or aspiring Indigenous entrepreneurs reading your new report? 

There’s a quote I relate to: ‘It’s human nature to overestimate risk and underestimate opportunity’. The risks aren’t as big as you think, and the opportunities are bigger. Despite all the barriers, people are still finding a way to win. Imagine what we could do if we unlocked those barriers. 

For entrepreneurs, I don’t want to sugarcoat it – business is hard. It’s not for everyone. But if you’re still keen after hearing that, then maybe it is for you. We’re here to walk alongside those who are ready to take that leap. 

Read Walking Together: Building Indigenous Business in Northern Australia – a new report by Esparq Ventures, co-authored with The Next Economy.

The Economy We Could Have – Webinar

Australia’s economy has delivered prosperity for some, but left many behind. The divides in housing, health, income and opportunity are widening — and they’re not inevitable. They’re the result of decisions, shaped by values and power. 

It doesn’t have to be this way. 

Across Australia and around the world, communities are already building alternatives — from cooperative energy projects and regenerative food systems to new legal frameworks and circular design. These examples show that change is not only possible: it’s already happening. 

In this one-hour session, The Next Economy CEO Lizzie Webb joins lead author Katherine Trebeck to unpack insights from The Economy We Could Have — a new paper that looks under the bonnet of the Australian economy and reveals how we can move beyond isolated ‘Lego wins’ toward a wellbeing economy that prioritises dignity, fairness, connection and ecological care. 

📅 Date: Thursday, 12pm AEST (1PM AEDT), 4 December 2025 

📍 Location: Online 

🎟 Tickets:  This event has already happened – watch the video below!

🎤 Speakers: The Next Economy CEO Lizzie Webb in conversation with lead author Katherine Trebeck.  

🔗 Explore the paper here

Watch the video

The Economy We Could Have: new paper out now

Australia’s economy looks strong on the surface, but behind the averages lie deep divides in housing, work, health and opportunity. Our new paper, The Economy We Could Have, asks what our economy is really designed to do, who it is working for, and how it can support people’s wellbeing.

Australia is at a pivotal moment. While headline statistics suggest strong performance, looking under the bonnet of these numbers reveals widening divides in housing, health, income, and opportunity. Rising inequality and climate disruption demand a closer look at our economic system: what is it designed to do – and who benefits?

The Economy We Could Have explores how Australia’s economic story has shifted over the decades, the divides created along the way, and the alternatives already being built. It sets out practical steps for governments, enterprises and communities to move beyond isolated “Lego wins” and instead embed a wellbeing economy – one that puts dignity, fairness, connection and ecological care at its centre.  

As lead author, Katherine Trebeck, puts it: 

Transformational change is possible. Australia has done it before – from Medicare to minimum wages – and we can do it again.  

The challenge

The paper traces Australia’s shift from predistribution – fair wages and public investment – to a model marked by precariousness, asset accumulation, and financial advantage for a few. It also highlights how system-compliant fixes and short-term crisis responses can stall deeper progress.

One in seven Australians live in poverty. Many face insecure work, unaffordable homes and stretched services that respond to crisis rather than prevent it. These outcomes are not inevitable. They are the result of decisions – shaped by values and power – that have concentrated advantage for some and shifted risks onto others. 

The alternatives

The good news that is change is possible. The economy is a human-made system, and it can be redesigned. Across the country, communities are already showing what that momentum for change is growing. Australians are increasingly dissatisfied with the status quo and open to rethinking economic priorities. 

One promising framework is the wellbeing economy, which according to the Wellbeing Economy Alliance can deliver the following needs: 

Nature, connection, dignity, fairness, participation

There are plenty of examples of these goals already being delivered in practice:

Earthworker Cooperative (Latrobe Valley, VIC)Australia’s first worker-owned factory, producing solar hot water systems to serve its worker-owners. 
Food Connect Shed (Brisbane, QLD): A cooperative food enterprise owned by 500+ ‘careholders’, rooted in equity and regeneration. 
Marlinja Power Project (NT): Community-installed solar panels and battery storage enabling near energy self-sufficiency – an example of climate resilience. 

Governments are beginning to respond. The Federal Government’s Measuring What Matters statement is expanding how national success is defined, incorporating indicators for health, sustainability, and social cohesion. In Victoria, the Early Intervention Investment Framework is embedding preventative health and social approaches into budget decisions, valuing long-term wellbeing over short-term fixes.

Australia’s future depends on whether we can move beyond piecemeal reforms to embrace systemic change. By learning from community-led initiatives and adopting frameworks like the wellbeing economy, we can build a more inclusive, resilient, and caring society – one that works for everyone. 

Read the full report here:

DOWNLOAD REPORT

New partnership to advance economic justice

Shared with permission from Lord Mayor’s Charitable Foundation – New partnership to advance economic justice

Lord Mayor’s Charitable Foundation and economic development agency The Next Economy have announced a significant multi-year partnership to advance economic justice and wellbeing across Australia.

At the heart of this initiative is the belief that everyone deserves the opportunity to live a secure and dignified life. A wellbeing economy goes beyond economic growth alone, it focuses on equity, community resilience, and environmental stewardship. This new partnership hopes to contribute to and encourage a fairer sharing of prosperity by fostering a more balanced distribution of power, wealth, and opportunity.

Australia currently experiences high levels of income and wealth inequality. The top 20 per cent of households receive almost half (48 per cent) of the nation’s income, while the bottom 20 per cent receive only four per cent.1 These disparities have resulted in widespread insecurity, financial stress, delayed medical care, and adverse effects on mental health.

A considerable 63 per cent of Australians feel that the economy is structured to benefit the wealthy and powerful.2 Furthermore, the same economic model that has generated those disparities has led to ecological degradation, with evidence showing the country is close to exceeding at least five out of nine planetary boundaries.3

Peter Walton, Chief Executive Officer at Lord Mayor’s Charitable Foundation, said “This partnership represents a pivotal evolution in our philanthropic work. Through our Strategy 2030, we are committed to long-term, systemic change in Greater Melbourne by aligning partnerships to purposefully influence and shift current systems that perpetuate inequality.

“By working with The Next Economy, we are strengthening our efforts to create a just and equitable Greater Melbourne, focusing on the intersection of climate justice, economic justice, and housing justice.

“We are now working beyond traditional grantmaking to address the root causes of social and environmental challenges through systemic and future-focused strategies,” added Peter.

Lizzie Webb, Chief Executive Officer of The Next Economy, adds, “We are proud to collaborate with Lord Mayor’s Charitable Foundation on a multi-year program of work that aims to catalyse economic change in Australia. Over the next three years, we’ll work together to host national conversations and initiatives that build momentum for systems change — placing communities at the centre of economic transformation.”

Time to strike a good deal for communities hosting renewables 

4 August 2025: As Australia undergoes the shift to renewables, rural and regional communities are demonstrating new ways of securing a good deal from large-scale solar, wind and battery projects.  

This is the conclusion of a new report – Striking a New Deal for Renewables in Regions – authored by FRRR and Projects JSA, as part of the Striking a New Deal collaboration. It comes ahead of a first-of-its-kind national gathering of local government and regional development leaders at a Summit hosted by RE-Alliance in Newcastle this week. 

The report draws on insights from leaders in regions with significant renewable energy investments around Australia and outlines the common risks and opportunities facing their communities.  

While the majority of Australians living in regional communities generally support the nation’s shift to renewable energy (CSIRO, FCA, Porter Novelli), the report clearly shows that the first phase of this change has been challenging.  

Leaders have been grappling with significant uncertainty about what will actually be built and when; the local risks and opportunities of these developments for their economy, environment and community; and limited local agency to influence the development process. 

With the need to replace aging coal-fired power stations, state and federal governments have so far been ‘building the plane while flying it’. However, with clearer policies and more projects reaching the approval stage, solutions to common issues have emerged, creating more opportunities for regions to achieve meaningful and lasting benefits from investments. 

Sarah Matthee, Climate Solutions Portfolio Lead at FRRR, noted, “Communities simply want a good deal in return for hosting this new energy infrastructure. They want certainty, more clarity on the opportunities and risks of these projects, more resourcing and more agency in the decisions being made that will impact their regions for decades to come.” 

Lead author, Jack Archer, added, “Development at this scale will never be universally popular, but if locals can see they have been heard and clearly understand how their community will benefit, there can be enduring support for the energy shift in regions across Australia.” 

The report recommends government and industry collaborate to produce risk and opportunity accounts, to act as living ledgers, to make the terms of the local deal clearer. Currently information is fragmented and buried in planning documents, and with misinformation on social media and in local networks, it’s difficult for locals to understand what’s going to happen, if they will be better off and what issues need further work as development progresses. 

The report also recommends combining the transparency of these new accounts with upgrades to community services and housing, ongoing input from local leaders in the development process and genuine security that benefits will be delivered.  

“This set of actions is the key to unlocking the local social licence governments and industry are seeking. It’s a practical approach that can be implemented quickly and it will change the game,” Jack Archer said.  

To read more, access the report at frrr.org.au/reports/insights-reports/striking-a-new-deal. 

About the Striking a New Deal collaboration

Not-for-profit organisations the Foundation for Rural & Regional Renewal, RE Alliance and The Next Economy, and consultancy Projects JSA are working collaboratively on the Striking a New Deal project to support regional communities at the frontline of the energy transition. Striking a New Deal has worked with community leaders across Australia to share insights and supports initiatives that seek to find a better way to develop renewables in regions. 

About FRRR 
FRRR (Foundation for Rural & Regional Renewal) is the only national foundation specifically focussed on ensuring the social and economic strength of Australia’s remote, rural and regional communities. FRRR’s unique model of support is more than money – it connects common purposes and investment from government, business and philanthropy with the genuine needs of rural people and places.   

About RE-Alliance 
The Australian Renewable Energy Alliance, or RE-Alliance, is an independent not-for-profit working to secure a responsible and rapid shift to renewable energy that actively contributes to the strength and resilience of rural and regional Australia. 

About The Next Economy 
The Next Economy, TNE is a not-for-profit economic development agency, working across all economic sectors to support communities manage the transition to a climate-safe, socially just and regenerative economy.   

About Projects JSA 
Projects JSA – Regional Advisory, led by Jack Archer, provides specialised advice on regional development issues in Australia. Jack is one of Australia’s foremost experts on regional development, experienced in policy, strategy, stakeholder consultation and facilitation, leveraging extensive networks and detailed knowledge of each region in Australia. 

Community first for Uralla Shire

The Next Economy and Uralla Shire Council in NSW are teaming up to help the region navigate change and ensure renewable energy development delivers lasting benefits for the community. 

Shared with permission from Uralla Shire Council – A Shire-wide Conversation About Change and Opportunity

Uralla Shire Council is taking steps to prepare for future change in the region and ensure that new development – particularly renewable energy – works for the community in the long term.

Through a project called Striking a New Deal, Council is working to understand what good development looks like for Uralla and how to make sure local priorities are front and centre when planning for how to manage change. This will help Council advocate for the kinds of benefits that matter most to our community – such as essential services, housing, infrastructure, or local job opportunities.

To support this work, Council is partnering with The Next Economy, a not-for-profit agency that supports regional communities across Australia to manage change in ways that are inclusive and locally appropriate. The Next Economy will support Council to carry out community engagement and feed community input into local planning.

In May, Council and The Next Economy spoke with a number of local stakeholders to hear a variety of perspectives on what people would like Uralla to look like in the future. In June, we’ll hold community workshops so that all residents have the opportunity to share their views.

“This is about planning ahead so that development happens in a way that reflects what our community wants. Council can’t control every project, but we can do the work now to represent our region’s interests and make sure we’re ready to shape a positive future together.” – Toni Averay, General Manager, Uralla Shire Council:

“In our work across Australia, we’ve seen that communities manage change best when they’re actively involved in shaping it. It is clear that Uralla residents have a strong sense of identity. By hearing from local voices, council can ensure that future development reflects community values, priorities and aspirations.” – Lizzie Webb, CEO, The Next Economy

To register your interest or stay informed about upcoming workshops, contact esims@uralla.nsw.gov.au

Find out more about our partnership with Uralla Shire Council:

Striking a New Deal for Uralla Shire

An exciting new chapter for The Next Economy

A message from Professor John Wiseman, Board Chair at The Next Economy

  • Dr Amanda Cahill to step down as CEO and remain at The Next Economy in a new Founder role, and as a Board Director
  • Lizzie Webb, current COO and former Board Chair, to step into the CEO role from May 2025
  • The Board has every confidence in a smooth leadership transition, and the organisation’s continued commitment to navigate change and build momentum for a rapid, responsible and fair transition
  • Hear from Amanda, and Lizzie, below

Professor John Wiseman, Chair of the Board at The Next Economy

The Next Economy was established in 2018 in response to growing calls – from community, industry and government leaders – to support regions to navigate the growing disruptions and challenges associated with the need to decarbonise the economy.

Since then, we’ve partnered with communities and decision makers to demonstrate how it is possible to manage change in ways that strengthen social, economic and environmental outcomes.

We’ve worked with regions holding the key to Australia’s transition to net zero emissions, focusing on those with carbon-intensive industries, including the Latrobe Valley (Vic), the Hunter Valley (NSW) and Central Queensland (Qld).

Over the past year, global economic and political systems have grown more complex and unstable. In response, The Next Economy has grown substantially. We have supported a new wave of regions and industries to navigate the transition and stepped up our work to give decision makers across government, industry and the investment community the confidence needed to hold the line on long-term policies and investments at a time of great political uncertainty.

Dr Amanda Cahill and Lizzie Webb with The Next Economy’s board and staff in late-2024

We are now working in regions with the capacity for critical mineral extraction and processing such as in North-West Queensland; communities that produce agricultural commodities while managing renewable energy projects and climate impacts, such as in Hay and the New England Renewable Energy Zone in New South Wales; and with significant levels of First Nations land and sea stewardship, such as in Northern Australia.

None of this would have been possible without the vision and leadership of CEO Dr Amanda Cahill and the dedication of staff, partners and supporters. After seven years leading The Next Economy, Amanda has decided to step out of the CEO role and transition into the new role of Founder.

In this new role, Amanda will continue working within the organisation to provide strategic advice, develop new content, mentor staff, manage key relationships and explore new opportunities for The Next Economy. She will also remain on the organisation’s board as a Director.

The Board would like to take this opportunity to both thank Amanda for her enormous contribution as well as congratulate her on the new role.

For this next chapter, we warmly welcome Lizzie Webb, our current Chief Operations Officer, as The Next Economy’s new CEO. An engineer by background, Lizzie brings 20 years of experience leading start-up organisations and teams in the non-profit and social enterprises sectors, including work with communities across regional and remote Australia.

Lizzie has a deep understanding of The Next Economy, first joining as a board director in 2018, before becoming board chair, and moving into staff roles where she has managed both the organisation’s operations as well as overseen initiatives. Most recently, she led collaboration with Mount Isa City Council on the successful development and launch of the city’s Future Ready Economy Roadmap.

Lizzie will officially assume the role on 5 May 2025 and will be supported by Amanda and the TNE leadership team driving key programs across energy, land use and systems change.

The Board has every confidence in The Next Economy’s new leadership and the organisation’s continued commitment to navigating change and building momentum for a rapid, responsible and fair transition.

In the coming months, you will hear more from both Amanda and Lizzie as we reflect on the organisation’s success to date and direction moving forward.

In the meantime, please join us in thanking Amanda for her extraordinary contributions in establishing The Next Economy and welcoming Lizzie to the helm.


Hear From Dr Amanda Cahill and Lizzie Webb

Long-time colleagues and collaborators, Lizzie Webb (L) and Dr Amanda Cahill (R), are working together alongside the board, staff and partners, for a smooth leadership transition at The Next Economy.

Dr Amanda Cahill, outgoing CEO and Founder, said: 

“It has been an honour and privilege to work with inspiring people all over Australia to establish and grow The Next Economy into the strong, catalytic organisation it is today. I have learned so much from so many people who have been part of this journey that has spanned communities from Cairns in Far North Queensland, to the Latrobe Valley down South and across to Western Australia and even the Northern Territory.

“At this crucial time, when the impacts of efforts to decarbonise Australia are becoming increasingly felt, The Next Economy’s work is more important than ever. People across all sectors and regions, from government officials to industry executives, union delegates to Traditional Owners, small businesses to those who don’t always benefit from economic activities are all asking how can we achieve what we need to do in terms of emission reductions, but do it in a way that ensures the protection and regeneration of both nature and our communities.

“They are asking: What does good economic development look like? This is, and will continue to be, the guiding question for The Next Economy. And I look forward to the next seven years of figuring this out with communities across Australia and beyond.”

Lizzie Webb, incoming CEO, said: 

“Amanda has worked tirelessly over the past seven years to support good decision making and action for a just transition. Her work is greatly respected by regions, government and industry alike, and she consistently works hard to inspire and support the climate and environment movement. We’re delighted Amanda will continue to work with us in her new role as Founder, and continue as a TNE Board Director. 

“Supporting regions to navigate complex change to their economies will remain central to our focus. We have a strong team in place and through our 2030 Strategy we will work with a broader range of regions critical to a just transition in Australia, and integrate a strong focus on economic systems change across all aspects of our work. 

“In the next six months, we’ll be working in partnership with multiple regions in western Queensland and central New South Wales on plans to strengthen their economies and maximise the benefits of new development across the energy and agricultural sectors. We will also commence work on a significant coral conservation project, supporting opportunities for First Nations participation and economic sovereignty.”

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.

Book launch and events for Regional Energy Transitions in Australia: From Impossible to Possible

Regional Energy Transitions in Australia: From Impossible to Possible is out now. Join us at one of the many launches happening across the country from 5 March 2025.

It’s time for an honest conversation on the state of the energy transition, the remaining challenges, and what regions need to manage impacts and capture long-term benefits.

Australia is at a critical juncture in the energy transition. Once deemed impossible, the shift from fossil fuels to renewable energy is now well underway. For the transition to be just and sustainable, it is vital that regional communities, those at the forefront of change, are listened to.

The newly released book, Regional Energy Transitions in Australia: From Impossible to Possible, provides an in-depth look at the challenges and successes of energy transitions in five key Australian coal regions: Port Augusta, the Latrobe Valley, Collie, the Hunter Valley, and Central Queensland.

With insights from over 20 contributors—including government officials, academics, industry experts, and community leaders—this book is an essential read for anyone invested in Australia’s energy future. It was co-edited by Dr Gareth Edwards, Professor John Wiseman, and Dr. Amanda Cahill, CEO of The Next Economy.

Recent events

Gladstone, Central Queensland – Date change to 7 May 2025

📅 Date: Wednesday 7 May 5pm – 7pm AEST
📍 Location: Rex Metcalfe Theatre, Leo Zussino Building (Building 3), CQUniversity, Gladstone Campus
🎟 Tickets: Get tickets here

🎤 Speakers: An honest conversation with Mayor Matt Burnett (Mayor of Gladstone Regional Council), Dr Amanda Cahill (book editor and CEO of The Next Economy), Kristy Marks, Economic Development Manager for Gladstone Regional Council and Craig Jones (Chief Financial Officer at Alpha HPA).

Melbourne, Victoria

📅 Date: Wednesday, 5 March, 5pm – 7pm AEDT
📍 Location: Forum 3, Melbourne Connect, 700 Swanston St, Carlton, VIC 3053, Australia 
🌍 Host: Melbourne Climate Futures with The Next Economy
🎟 Tickets: Get tickets here 

🎤 Speakers: An honest conversation chaired by Professor John Wiseman alongside fellow book editors Dr Gareth Edwards and Dr Amanda Cahill, Sharan Burrow (Former General Secretary of the International Trade Union Confederation) and Dan Musil (Book contributor and Secretary, Earthworker Cooperative).  

Latrobe Valley, Victoria

📅 Date: Tuesday 11 March, 6pm – 7.30pm AEDT
📍 Location: Morwell Innovation Centre, 1 Monash Way, Morwell
🎟 Tickets: Get tickets here

🎤 Speakers: An honest conversation with Dan Musil (Latrobe Valley chapter contributor), Chris Buckingham (CEO, Latrobe Valley Authority), Josie Hess (Environment Victoria, award-winning filmmaker) and Jeffrey Jacquet (Global Director, Global Coal Transitions Research Network).

Hunter Valley, New South Wales

📅 Date: Wednesday, 12th March, 6pm – 7.45pm AEDT
📍 Location: NUspace, The University of Newcastle (Room TBC), Newcastle
🌍 Host: Institute for Regional Futures
🎟 Tickets:  Get tickets here

🎤 Speakers: An honest conversation with Amanda Cahill (book editor and CEO of The Next Economy), Associate Professor Liam Phelan (book contributor, University of Newcastle), Warrick Jordan (book contributor and Policy Specialist, the Australian Climate and Biodiversity Foundation), and Professor Kate Senior (Acting Director, the Institute for Regional Futures).

Sydney, New South Wales

📅 Date: Thursday, 13th March, 5pm – 6pm AEDT
📍 Location: Seminar Room 203, RD Watt Building, Camperdown
🌍 Host: Sydney Environment Institute with The Next Economy
🎟 Tickets:  Get tickets here

🎤 Speakers: An honest conversation chaired by Professor Susan Park (Professor of Global Governance, University of Sydney), with Dr Gareth Edwards (book editor, Visiting Associate Professor, University of East Anglia), Kimberley Crofts (book contributor, Researcher and Service Designer), and Dr Elianor Gerrard (book contributor, Institute for Sustainable Futures).

Brisbane, Queensland

📅 Date: Tuesday, 1st April, 5.15pm – 6.30pm AEST
📍 Location: Room 0M08 (enter via lift in Atrium), UQ City, 308 Queen Street
🎟 Tickets: Get tickets here

🎤 Speakers: An honest conversation with Trevor Gauld (Deputy Commissioner of Jobs and Skills Australia), Dr Amanda Cahill (book editor and CEO of The Next Economy), Liz Young (Research Director of the Queensland Decarbonisation Hub at Centre for Policy Futures, UQ), and Carly Quinn (General Manager People and Strategy at Gladstone Regional Council).

Canberra, Australian Capital Territory

📅 Date: Thursday, 10th April, 5pm – 7pm AEST
📍 Location: Law Link Theatre, Fellows Lane, Australian National University, Canberra
🎟 Tickets: Get tickets here

🎤 Speakers: An honest conversation hosted by Professor Frank Jotzo with David Shankey (CEO of Net Zero Economy Authority), Dr Amanda Cahill (co-editor and author, CEO of The Next Economy), Associate Professor Bec Colvin (researcher on energy transition at ANU), and Jo Evans (former Deputy Secretary of the Department of Climate Change, Energy, the Environment and Water).

What you’ll learn from the book

Regional Energy Transitions in Australia captures vital insights from communities that have navigated the transition away from fossil fuels over the past decade. It shows that: 

  • All energy transitions are local. They must be shaped by the histories, cultures, and needs of the communities most affected. 
  • Justice is key. A just transition means supporting workers and communities, including through re-employment, retraining, and early retirement options. 
  • Leadership and coordination matters. Strong governance, inclusive participation, and long-term policy stability are essential. 

Regional case studies 

Five coal regions featured in the book offer a powerful story about energy transitions in practice: 

  • Port Augusta, SA tells a story of community optimism and renewable investment tempered by inadequate support by state and federal governments.
  • The Latrobe Valley, VIC grappled with unplanned coal-fired power station closures and built resilience through rapid community and government collaboration. 
  • Collie, WA provides a powerful example of inclusive participation in transition planning, championed by First Nations Elders. 
  • The Hunter Valley, NSW has shown the importance of local coalitions working together to put community needs on the agenda during a complex regional economic transition.  
  • Gladstone, Central QLD demonstrates the importance of inclusive and locally driven engagement to shift from fossil fuels to renewable industries. 

Praise for the book

This collection presents a unique set of insights into how energy transition can be achieved at the regional level.

Prof. Frank Jotzo, ANU

“From ‘impossible to possible’ is a testament to hope and tenacity. The lessons learned from these regions demonstrate that the support of and co-creation with workers and community, along with government support, make the difference.”

Sharan Burrow, Former General Secretary
International Trade Union Confederation (ITUC)

Get your copy

Purchase Regional Energy Transitions in Australia: From Impossible to Possible now via Routledge. 

📖 Order here: Routledge or Amazon. 
🎟 Use the code 25AFLY1 for a 20% discount on hard copies via Routledge. 
🛒 Available soon in paperback and electronic formats. 

Stay connected

Don’t miss out on upcoming events and insights! 

Join the conversation and be part of Australia’s just and sustainable energy transition. 

About the editors

Dr Gareth A.S. Edwards
Dr Edwards is Visiting Associate Professor at the University of East Anglia and Visiting Fellow at the Sydney Environment Institute. His research focuses on environmental governance, climate justice, and the socio-political dimensions of environmental change.

Professor John Wiseman
Professor Wiseman is a Professorial Fellow at the University of Melbourne’s Climate and Energy College and Chair of The Next Economy. He has extensive experience in public policy research, particularly in the areas of climate change, sustainability transitions, and social justice.

Dr Amanda Cahill
Dr Cahill is the CEO of The Next Economy, supporting communities in building resilient and sustainable economies. She has worked across Australia and internationally on projects related to economic development, energy transition, and social change. 

Our Permaculture Life

Episode 16 of Morag Gamble’s podcast Our Permaculture Life

The Next Economy CEO Amanda Cahill shares a conversation with Morag Gamble exploring leadership, transition, power, way-finding, change and resilience.