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'Ambitious Australia' — R&D report exposes the myth of the lucky country

The energy minister Chris Bowen says ‘panic buying’ is to blame for the surge in fuel prices and supply shortages. We’re told there’s enough to go around, for now, but energy analysts say the war in the middle-east is a call to action for countries like Australia, to accelerate as fast as possible out of fossil fuels. 'Ambitious Australia' is the title of a new report released today showing that we’re anything but when it comes to research and development. It paints a bleak picture of a country and economy on go-slow compared to other developed nations, and a warning that future generations…

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