The University of Western Australia had agreed to host the Australia Consensus Centre, an offshoot of Dr Lomborg's Copenhagen-based think tank, but pulled out just days before the federal budget after a backlash from its own staff.
Education Minister Christopher Pyne has said he's sure he can find another university willing to host the centre and help fund it.
The budget papers say the centre will bring together leading economists and other experts to advise on cost-benefit solutions to national, regional and global challenges.
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