Climate, worker and innovation experts have embraced the Prime Minister’s seismic shift on industrial policy that will see coordinated government intervention to help Australia compete in the global clean energy and manufacturing race.
The business lobby group and the opposition have warned a miscalculation could see the government trying to pick winners while waging an unwinnable international subsidy war, however.
Anthony Albanese on Thursday confirmed the government will introduce legislation this year to anchor a new interventionalist industry policy that will be the centrepiece of next month’s Budget.
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