Albo & Co are talking up battery making in Australia.
No doubt Renascor is involved.
Treasurer Jim Chalmers has signalled huge public spending to kickstart a new era of green industries for Australia
“In areas such as battery manufacturing and using green hydrogen to produce green steel and other products,
we are determined to do just that.”
And Albo & Co want the involvement of a $30 Trillion fund/s.
So he must be having meaningful talks with the fund managers.
Erwin Jackson, policy director at the Investor Group on Climate Change, which represents institutional investors with more than $30 trillion of funds under management, said Australia was already trailing the global pack and would struggle to compete for investment without a policy overhaul.
“If we don’t get credible sector plans and we don’t have a clear national sector-by-sector road map to deliver net zero in an orderly and just way, then investors are going to continue to put their money in markets that have more attractive long-term returns,” Jackson said.
SMH 3 Nov 23
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