https://www.climatecouncil.org.au/resources/what-does-a-future-ma...

https://www.climatecouncil.org.au/resources/what-does-a-future-made-in-australia-mean-for-climate/



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WHAT DOES A FUTURE MADE IN AUSTRALIA MEAN FOR CLIMATE?
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05.07.24BY CLIMATE COUNCIL

Prime Minister Anthony Albanese has unveiled plans to revitalise Australian manufacturing by making more things here with clean energy and Australian resources. This will include targeted government investment, and a new law titled the ‘Future Made in Australia’ Act.

This is a direct response to the global shift to cut climate pollution and a big win for climate organisations like ours, which are championing more clean energy and clean industries to set up Australia for generations to come.

Climate Council CEO, Amanda McKenzie, speaks on the day the Act was announced.
A ‘Future Made in Australia’ arrives in Canberra
On July 3, the Albanese Government introduced the ‘Future Made in Australia’ Bill into Federal Parliament. This sets out the legislative framework that will deliver the government’s initial $22 billion clean industry investment.

The Bill still needs to be voted on before it becomes law, but it would give the federal  government the power to identify and directly invest in major projects it considers to be in Australia’s ‘national interest’.

So, what is in the ‘national interest’? The ‘Future Made in Australia’ Bill leaves that up to the government, but this year’s Commonwealth Budget tells us that green hydrogen and critical minerals, among other clean manufacturing industries, are going to be the first cabs off the rank. The Budget allocated $8 billion to scale up green hydrogen (used to create green steel and replace gas in other manufacturing processes

tick tock…….