Friends of the Earth Australia’s Made in Australia Act

Future Made in Australia Act Announcement

The Future Made in Australia Act


In a significant move, the federal government is today announcing the introduction of the Future Made in Australia Act with a focus on manufacturing clean renewables and decarbonizing the economy.

Government Intervention for Economic Transition

The COVID-19 crisis highlighted the necessity for governments to intervene and support the economy during times of change. The energy transition is already in progress, emphasizing the need for government involvement to ensure fairness and justice.

Preparing for a Changing Global Economic Order

Australia must prepare for the industrial and information revolution, the impacts of climate change, and the evolving global economic landscape. The government is set to outline a reform agenda involving financing facilities, investor incentives, resource sovereignty, competition reform, and community incentives for renewable energy projects.

The US Inflation Reduction Act

In August 2022, the U.S. Congress approved the Inflation Reduction Act (IRA) of 2022 to reduce domestic inflation and combat climate change. The act aims to cut carbon emissions by 40% by 2030, creating opportunities for economic growth, domestic supply chain strengthening, and greenhouse gas reduction.

Read more about the US Inflation Reduction Act here


For comments, contact Cam Walker at 0419 338 047.

Read More of this Story at – 2024-04-11 00:39:05

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