Mike is joined by Leith Van Onselen, Chief Economist at the MB Fund and MB Super & Co-founder of MacroBusiness, to discuss how Western nations are rapidly deindustrialising in pursuit of ‘net zero’ targets.

Countries like the UK have imposed strict fossil fuel restrictions, driving up energy costs and crippling energy-intensive industries.

In Australia, the push to phase out coal and gas has led to the closure of cheap, reliable baseload power, soaring energy prices, and a decline in manufacturing.

Meanwhile, China—the world’s largest emitter, responsible for 31.5% of global carbon emissions in 2023—continues to expand its industry, benefiting from the West’s energy policies. Is net zero costing the West its industrial future?

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