Australia is a renewable energy superpower helping meet Southeast Asia's energy needs. It exports renewable energy via cable from northern Australia and ships green hydrogen first from Queensland and Tasmania, and then from all around the country.
Australia has strong competitive advantages in its skills, research base, political and legal institutions and high standards of living. Since 1992, the growth of the Australian economy has continued to outpace every other major developed economy.
The GFP index denotes Australia as a Top 20 world power. For 2023, Australia is ranked 16 of 145 out of the countries considered for the annual GFP review. The nation holds a PwrIndx* score of 0.2567 (a score of 0.0000 is considered 'perfect'). This entry last reviewed on 01/05/2023.
Most of our electricity is produced from burning black and brown coal at large power stations. Natural gas is the third highest energy source in Australia (after oil and coal). It is used by power stations for electricity generation, factories for manufacturing, and homes for heating and cooking.
Australia has plentiful supplies of natural resources, including the second largest accessible reserves of iron ore in the world, the fifth largest reserves of coal and significant gas resources.
Deposits of expensive minerals
But it's not just uranium – according to Geoscience Australia, we're also the world's leading producer of bauxite, rutile and zircon and are sitting on the world's largest resources of gold, iron ore, lead, nickel and zinc.
Australia can become a renewable superpower provided it doesn't have to waste too much energy moving stuff around. Most of the energy in the world is used to move products and people from one place to another. And that is one of the main reasons that has led to increases in emissions during the era of globalisation.
Section 61 provides: The executive power of the Commonwealth is vested in the Queen and is exercisable by the Governor-General as the Queen's representative, and extends to the execution and maintenance of this Constitution, and of the laws of the Commonwealth.
Nuclear power is not renewable.
Australia is one of the sunniest and windiest countries on earth, with enough renewable energy to power resources to power our country 500 times over. Building large-scale wind and solar projects is the cheapest way of producing electricity here, even when paired with storage.
Australia is now home to 2.2 million millionaires, according to a new study. Half of all Australians in 2021 had more than $400,000 in wealth. It means we have the highest median wealth of all the countries studied.
reports India's total wealth is more than Australia, France, Canada and Italy while the US and China top the list of the wealthiest countries in the world, according to a report by New World Wealth. Australia ranks ninth on this list with total wealth of $6,142 billion.
This definition includes Australia & New Zealand, the developed countries of Asia (South Korea, Japan, Singapore, and Taiwan), and the wealthy countries of North America and Europe, particularly Western Europe.
In terms of wealth, education, health, and quality of life, it is ranked as one of the best countries. Australia has top-ranked institutions, globally recognized qualifications, and an abundance of scholarships when it comes to education.
Political theory recognises three powers of government—the legislative power to make laws; the executive power to carry out and enforce the laws; and the judicial power to interpret laws and to judge whether they apply in individual cases.
The Australian Government's annual stocktake of the nation's energy resources has confirmed Australia's status as a global energy powerhouse.
Australia currently has provisions for conscription, only during times of war if it is authorised by the governor-general and approved within 90 days by both houses of Parliament, as outlined in Part IV of the Defence Act 1903.
Australia does not possess any nuclear weapons and is not seeking to become a nuclear weapon state. Australia's core obligations as a non-nuclear-weapon state are set out in the NPT.
Among other things, it has been used in reference to Australia's natural resources, weather, history, its early dependency of the British system, distance from problems elsewhere in the world, and other sorts of supposed prosperity.