Australia Commits AU$22.7 Billion to ‘Renewable Energy Superpower’ Plan

Treasurer Dr Jim Chalmers  spoke about the need to invest in the economy, specifically the green economy, by onshoring clean energy manufacturing, and turning Australia into a “renewable energy superpower.” 

Among the cost-of-living measures announced was a non-means-tested AU$300 (US$199.34) energy bill rebate for all households and AU$325 for small businesses over the next financial year, paid quarterly.  

Meanwhile, the Labor government’s plan, Future Made in Australia, will see AU$22.7 billion invested over the next ten years aimed at maximizing “the economic and industrial benefits of the international move to net zero.”

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