Climate Capital Forum outlines how to turn Australia into a renewable energy superpower
Australia finds itself at a critical juncture in the global economic landscape, standing before unprecedented opportunities and formidable challenges. Australia must decide whether to cling to its role as a traditional resource exporter or embrace a transformative path towards becoming a global leader in technology and renewable energy. The catalysts for this choice are China's technological dominance and the considerable financial incentives introduced by the US Inflation Reduction Act (IRA).
The urgency for decisive action is underscored in the article, which applauds commendable steps taken by the Australian government in funding renewable energy and critical minerals. However, it emphasizes the need for an accelerated departure from fossil fuels, urging Australia to leverage its abundant renewable resources and diversify exports with high-value, decarbonized products.
Ethinvest-led Climate Capital Forum continues to keep pressure on the federal government to ramp up climate finance improvements post the U.S. Climate Bill (IRA) to ensure Australia can become a renewable energy superpower.
To read more of the submission by Tim Buckley and Blair Palese to the Climate Capital Forum click here.
Read more about the Climate Capital Forum click here.
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