May 14, 2024 - The plans to turn Australia into a renewable superpower
The government has revealed $22.7 billion of long-term spending on clean energy and strategic industries as part of its Future Made in Australia plan. It wants to turn the country into a renewable energy superpower, with funding to kickstart a solar manufacturing industry. The government is budgeting $1.5 billion over seven years to support renewables and clean technology projects, a further $1.7 billion over a decade in the Future Made in Australia Innovation Fund, and $549 million over eight years to support domestic battery manufacturing, all managed by ARENA.