Albanese lays out radical new vision for Australia in the region: clean energy exporter and green manufacturer
Authors: John Mathews, Professor Emeritus, Macquarie Business School, Macquarie University. Elizabeth Thurbon, Scientia Associate Professor in International Relations / International Political Economy, UNSW Sydney. Hao Tan,Associate Professor, Newcastle Business School, University of Newcastle.Sung-Young Kim, Senior Lecturer in International Relations, Discipline of Politics & International Relations, Macquarie School of Social Sciences, Macquarie University. Gone are the days when the federal government would cheer on Australia’s fossil fuel exports to the exclusion of all else, while seemingly doing everything in its power to hold back the switch to renewables. Now we have a new government, the clean energy transition is accelerating. Labor is framing the transition not just as decarbonisation but as a green economic boom through manufacture of electrolysers, green steel, green cement and green fertiliser. If successful, this will amount to a green industrial revolution. This radical new vision was laid out in Prime Minister Anthony Albanese’s speech to the Sydney Energy Forum. He proposed a new era for Australian energy industries and exports as well as using our wealth of renewables to drive deeper involvement in our region. It makes good commercial and climate sense for the federal government to target the Indo-Pacific for this green industrial revolution, since the region is already the world’s leader in clean energy investments. As of 2021, our region accounts for over 80% of the world’s private investment in clean energy. India, China, Japan, Korea, Indonesia and Pacific nations are natural partners for Australia in this new green push as well as leaders creating the market for clean energy and green products. Australia could gain greatly by exporting green power and green products, Prime Minister Albanese said this week. Brook Mitchell/AAP What does this actually look like? For a sign of what’s to come, look to the massive Sun Cable project, launched four years ago with early funding […]