Labor’s net zero authority wins backing after workers call for...

Labor’s net zero authority wins backing after workers call for help to leave fossil fuel industry | Energy | The Guardian




Industry groups and unions have welcomed the Albanese government’s creation of a net zero authority aimed at filling the economic hole left by the closure of fossil fuel mines and power stations.The government on Friday confirmed reports that it would set up the authority to promote “the orderly and positive economic transformation” resulting from the shift off carbon polluting industries.

Speaking from Lake Liddell, near Muswellbrook in the Hunter region of New South Wales, the energy minister, Chris Bowen, said: “We want this authority to focus like a laser on any obstacles to job creation and investment. We want it to be a one-stop shop for those thinking of coming to regions like this to create new jobs, to create investment, to create jobs for the future.”Bowen said the new authority would cost $23m in the first year. There will also be $400m from the Powering the Regions Fund to be administered by the Australian Renewable Energy Agency. “Decarbonisation is absolutely essential, but it also takes investment”, he said.

The Australian Council of Superannuation Investors also welcomed the move.“The transition to a low carbon economy is the most significant transformation of our economy since the Industrial Revolution,” said ACSI’s CEO, Louise Davidson, said."

This will bode well for MGT. Creating new jobs in SA as we move into the renewables era + creating jobs for those who are forced to leave the fuel fossil industry. We are on the right path!