Reported about 2 months ago
Some of Australia's superannuation funds have endorsed Prime Minister Anthony Albanese's plan to stimulate green manufacturing, which aims to unlock private capital for emission reductions and climate goals. The Albanese government seeks to pass the Future Made in Australia bill by year-end, mirroring the US Inflation Reduction Act, to boost domestic manufacturing and high-tech industries. Experts emphasize that collaboration between industry and government is vital for achieving favorable investment conditions, although Green party opposition threatens the bill's progress due to concerns over fossil fuel funding.
Source: YAHOO