A group of investors, environmentalists and unions are calling on the federal government to create a green industries support package worth at least $100 billion to respond to the huge levels of support available through the US Inflation Reduction Act.
The proposal has been endorsed by a broad coalition of interest groups including the Australian Conservation Foundation, Australian Council of Trade Unions, Climate Action Network Australia, Climate Energy Finance, First Nations Clean Energy Network, New Energy Nexus, Rewiring Australia, and the Smart Energy Council.
The 10-year Australian Renewables Industry Package will enable Australia to keep pace in the global energy transition technology and investment race, as billions of dollars worth of clean industrial support packages are unlocked across the world, according to a joint statement.
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