Treasurer Jim Chalmers is threading a needle between bold public investments that establish Australia’s foothold in a churning global economy and what critics say could easily devolve into protectionism and rent seeking.
At stake is Australia’s reindustrialisation, its contribution to ameliorating the climate crisis and Dr Chalmers’ own legacy of creating a green energy super power.
On Tuesday, Parliament is scheduled to debate the legislation drafted to do it through a new ‘National Interest Framework’ that would guide how the government identifies the sectors worthy of billions of dollars of public investment.
Want to know how this story ends?
Become a subscriber for complete access to all stories on InnovationAus.com and our daily newsletter.
Do you know more? Contact James Riley via Email.