A new report has found that hundreds of thousands of jobs will evaporate in parts of Australia if the country cannot meet the requirements set by its emission-busting trading partners. Researchers Toby Phillips and Warwick Smith, from the Centre for Policy Development, an independent policy institute, published detailed modelling on Jan. 31 that found if the country does not have an active plan for a transition to a net-zero economy, the change will have a negative effect on the employment with 2 percent of Australians potentially losing their jobs. The report anticipated that up to 300,000 jobs and $150 billion (US$105 billion) in output would disappear if Australia encountered the projected 2050 levels of demand for fossil fuels today. However, among the 537 local government areas in the country, only seven would see more than 20 percent of their labour force wiped out. “The implications of global carbon transition are highly …