Australian Prime Minister Anthony Albanese is set to announce a program inspired by the US Inflation Reduction Act aimed at fostering new investments in clean energy and establishing a new sovereign industrial base. This initiative, part of Labor's second-term election agenda, is designed to stimulate green manufacturing industries. Albanese's approach signals a willingness to make economic interventions in the national interest and sovereignty. The plan, referred to as the Future Made in Australia Act, is framed as a response to new competition, with Albanese emphasizing the importance of Australia being 'in it to win it.'
Australian Prime Minister Anthony Albanese plans an Inflation Reduction Act-style program to stimulate green manufacturing industries https://t.co/crxCcuy4zr
Prime Minister Anthony Albanese says his Future Made in Australia Act is about the “new competition” and says Australia must be “in it to win it”. https://t.co/G0qxAjTw7e
'Albanese reveals plan for interventionist green industry policy similar to Biden’s Inflation Reduction Act' https://t.co/2hlD84PFwh
Australia is to launch an Inflation Reduction Act-style program to boost green manufacturing industries PM @AlboMP says there is “new and widespread willingness to make economic interventions on the basis of national interest and national sovereignty." https://t.co/Izm7ygYVw6.
Australian Prime Minister Anthony Albanese plans an Inflation Reduction Act-style program to stimulate green manufacturing industries https://t.co/NVspuwxy2R
Anthony Albanese will unveil a scaled-down version of the US Inflation Reduction Act to underwrite new investment in clean energy and build a new sovereign industrial base, as he maps out Labor’s second-term election agenda. https://t.co/3PzTfn1GIl