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.
Yet by one estimate, the vast sunbaked country could generate 5000 exajoules of green energy— more than eight times current global demand. Even by more conservative assessments, Australia could power the world.
By 2050, more countries are likely to be defined as superpowers, joining the United States and creating a multipolar world order. Extrapolating current economic, geopolitical, and demographic trends would suggest that China is likely to become a new superpower, although its economy is currently faltering.
Arguably, Australia is already an energy superpower - but of the 'non-renewable' or 'fossil-fuel' variety – being the world's largest exporter of coal, and one of the largest exporters of gas and uranium.
If India can sustain annual GDP growth of 9-10 percent over the next 15 years, by 2025 it will likely overtake Japan and be the world's third-largest economy after China and the United States.
While challenges remain, most experts believe that China will be the new superpower by 2050. China GDP in 2050 is expected to be around $58.5 trillion.
The United States will remain the world's third-most populous country in 2030. In fact, there's little change in the top 10 over the next 8 years. China and India swap places and Ethiopia leapfrogs Japan, Mexico and Russia to go from 12th in 2022 to 9th by 2030. India is set to overtake China by the end of the decade.
Ranked 6 of 26 for comprehensive power, with an overall score of 30.8 out of 100. Lost 1.6 points (−5% change) in overall score in 2021.
the share of renewable energy to 23.5 per cent by 2020. The National Energy Productivity Plan, improving Australia's energy productivity by 40 per cent between 2015 and 2030. From 2017–18, we will make available up to $110 million for a new concentrated solar thermal power plant in Port Augusta, South Australia.
Nuclear power stations can't be built anywhere in Australia.
They are banned in every state, and in every territory. Such bans were introduced because of community concerns about the health and environmental risks.
As a result, six of the seven largest economies in the world are projected to be emerging economies in 2050 led by China (1st), India (2nd) and Indonesia (4th) The US could be down to third place in the global GDP rankings while the EU27's share of world GDP could fall below 10% by 2050.
Like China, France, Russia, and the United Kingdom; Germany and Japan have also been referred to as middle powers. In his 2014 publication Great Power Peace and American Primacy, Joshua Baron considers China, France, Russia, Germany, Japan, the United Kingdom and the United States as the current great powers.
Australia is the least self-sufficient economy in the developed world. A new report from The Australia Institute's Centre for Future Work ranks Australia last among OECD countries for manufacturing self-sufficiency – the volume of goods manufactured versus the volume of manufactured goods used.
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 is home to a high-skill, high-talent workforce. This makes us one of the most innovative countries in the world. Our scientific institutions rank in the world's top 1% in 15 individual fields of research – including space science, computer science, clinical medicine and genetics.
EnergyAustralia (formerly TRUenergy) is an electricity generation, electricity and gas retailing private company in Australia, a wholly owned subsidiary of the Hong Kong-based and listed China Light and Power (CLP Group).
With the current growth rate of wind farms and solar systems, Australia could be powered 100% by renewable energy shortly after 2030, while reaching the emissions reduction target in the Paris Agreement by 2025 – five years early.
Powering Australia will create jobs, cut power bills and reduce emissions by boosting renewable energy, and will be delivered by an Albanese Labor Government that puts Australia's interests first.
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. For a long time, commodities have made up a sizeable share of our exports.
China is Australia's largest two-way trading partner in goods and services, accounting for nearly one third (31 per cent) of our trade with the world. Two-way trade with China declined 3 per cent in 2020, totalling $245 billion (Australia's global two-way trade declined 13 per cent during this period).
Australia's military is placed 21st on a global index that has ranked 136 countries on the basis of their global military powers. , the US ranked first, followed by Russia, China, and India while Bangladesh ranked 56th, Pakistan 17th and Myanmar 35th on the list of 136 countries.
The Great Depression of the 1930s had a devastating impact on the entire world, not just the US. For many years now, the experts at ITR Economics have forecasted that, a century after that trying event, a new Great Depression will be arriving around 2030.
Africa and the Arab World will shape our future, while Europe and Asia will recede in their influence. By the end of the century, the world will be multipolar, with India, Nigeria, China, and the US the dominant powers. This will truly be a new world and one we should be preparing for today.”
With a GDP of 23.00 trillion dollars, the USA is by far the world's largest economy in this ranking for 2021. It is followed by China in second place with a GDP of 17.73 trillion dollars. Canada is also quite far ahead in the international comparison and occupies the ninth place in this ranking.