Future made in Australia: Albanese’s plan for green manufacturing
The future of Australia’s economic security relies upon driving local manufacturing and greater sovereignty over the nation’s resources and critical minerals, the prime minister says.
Anthony Albanese unveiled plans for a Future Made in Australia Act, proposing taxpayer-funded incentives to advance the manufacturing and clean energy industries.
Albanese says green energy is the answer to competing on a global stage.Hydrogen, green metals, solar power, emerging renewable sources and technologies form the future of the country.
As Australia moves towards net zero, it must shift away from coal and gas - formerly an economic cornerstone of many Australian communities. So, the plan seeks to boost investment in green resources onshore, creating a new manufacturing industry.
Queensland is set to be at the forefront of the transition with the development of pumped hydro, wind farms, solar and hydrogen manufacturing.
Pulling off a green energy revolution requires investment in education, housing, care, tourism and farming.The government says it will pursue greater investment incentives to fuel the fire for clean energy manufacturing.
Albanese says the government will consider new trade partners aside from traditional allies like the US and UK to broaden the import and export of different products in emerging markets.