News Government geoscience data and analysis supports $76b of added value to the economy: report

The work of Geoscience Australia and state and territory geological surveys is key to Australia’s drive to become a global renewable energy superpower, according to a new report by Deloitte Access Economics.

Based on surveys of industry use of precompetitive geoscience data, as well as analysis over the last three years, the report found this information had supported around $76 billion of added value to the Australian economy and around 80,000 full time equivalent jobs in 2021–22 alone.

Minister for Resources and Northern Australia Madeleine King said that with up to 80 per cent of the country under explored, the Australian Government was in a unique position to help facilitate the discovery of materials essential for the global clean energy transition.

Read Minister King's media release.