“The world is changing:” Labor targets solar and battery industries in $22 billion green deal
Federal Labor’s plan to set the Australian economy on a decarbonised “path to prosperity,” including as part of the booming global solar and battery supply chains, has been set before parliament with the introduction of the Future Made in Australia Bill.
The bill, introduced on Wednesday, seeks to write into law the strategies guiding the Albanese government’s $22.7 billion push to make the most of the huge economic opportunities presented by the shift to renewable energy and the race to curb dangerous climate change.
The broad-ranging legislation takes in the $1.5 billion set aside for manufacturing clean energy technologies in Australia, including the $1 billion Solar Sunshot, announced in March, and the $523.2 million Battery Breakthrough Initiative, both led by Arena.
The Bill would also set in place a national interest framework to oversee what projects would be funded and ensure those projects produce safe and well paid jobs, engage with communities, strengthen supply chains and develop skilled and inclusive workforces.
