Australia Quietly Signs Deal to Phase Out Fossil Fuels — Economists Warn of “National Meltdown”

So, Australia did something extraordinary this week — quietly, discreetly, almost sneakily. Without a national conversation. Without public debate. Without asking the millions of Australians whose livelihoods depend on mining, gas, and affordable energy. Your government signed onto a global pact to phase out fossil fuels — the very industries that built the modern Australian economy. And now the bill is coming due. Because while politicians in Canberra were smiling for cameras and repeating the same buzzwords — “transition,” “net zero,” “global cooperation” — real economists were actually doing the math. And the math is terrifying. The Institute of Public Affairs, one of the...