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.”
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.
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.
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.
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:
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.”
[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 IsaFuture 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.
In response to the Federal Government’s critical minerals project funding announcement, including a welcome $400 million in new loans for Alpha HPA’s high-purity alumina processing facility in Gladstone, The Next Economy CEO Amanda Cahill said:
“This is a good example of the role we need government to play if we are to unlock private investment and support regional communities to manage this massive transformation. It is this kind of support that helps Gladstone to attract new investment under the region’s 10-year Economic Roadmap, showing just what’s possible if communities, governments and industries come together to meaningfully address change.
“Australia is blessed with abundant resources, but this can be a curse if development is not done well with boom-and-bust cycles contributing to a range of challenges such as exacerbating housing and workforce shortages. We need a new, holistic approach to regional development so that profits are shared equitably, the rights of First Nations people are respected, and environmental impacts are avoided. For example, in some places companies are looking at how they can reduce the need for new extractive projects by adopting circular economy approaches, such as the mining of existing tailings.”
Read more about Gladstone’s 10-year Economic Roadmap, developed in partnership with The Next Economy.
In response to Prime Minister Anthony Albanese’s Future Made in AustraliaAct announcement and address at the Queensland Media Club today, Dr Amanda Cahill, CEO of The Next Economy, said:
“This is an important announcement at a pivotal time for Australia as the world races to decarbonise. Everyone is competing to build the industries that will be the basis of national prosperity, which means everyone is competing for the same components needed to build a renewable future.
“For the first time in decades, Australia can expand its manufacturing base to meet this domestic and international demand. Small, medium and large-scale companies across Queensland in regions like Central Queensland, Townsville and Mt Isa are already manufacturing RE components like towers for wind turbines, inputs for solar panels and electronics, processing important minerals like copper, bauxite and zinc, making green chemicals and hydrogen, and even batteries and electric vehicles.
“We hear from industry everywhere that government support like this is crucial to unlock private investment. Public finance has always played an important role in moments of large-scale and rapid transformation, from setting up the mining industry to building electricity and transport infrastructure. This moment of transformation is no different.
“This level of government ambition offers huge potential for regions like Gladstone in Central Queensland, where local government is already attracting new investment and government support under their 10-year Economic Transition Roadmap. But only if it’s approached holistically and that means ensuring better support for essential services and housing so that communities genuinely benefit over the long term.”
