Coalition says no to Future Made in Australia bill as Greens question fossil fuel funding
A multi-billion dollar manufacturing boost will set up Australia’s economy for decades, the prime minister says.
As debate continued in federal parliament on the Future Made in Australia policy, Albanese said it would be the catalyst for investment not only at home but in overseas markets.
The strategy will spend more than $22bn over 10 years to ensure Australia's place in the global renewables manufacturing sector.
The coalition is set to oppose the manufacturing plan, with shadow treasurer Angus Taylor describing the scheme as pork barrelling.
Meanwhile Greens leader Adam Bandt called the legislation an “election slush fund for more coal and gas”, and urged the government to guarantee the measures won’t be used to finance fossil fuels.
The Greens are yet to commit to a formal position on the fund, but will decide after a parliamentary inquiry into the legislation.
Clean Energy Council chief executive Kane Thornton said the Future Made in Australia laws were essential to the future of the economy.