Some 60,000 jobs in photo voltaic panel manufacturing and $82 billion in turbine tower manufacturing by 2050 are within the wind if Australia turns into a clear power superpower.
Manufacturing may even get a shot within the arm from port-side development vegetation, high-voltage cable wants and electrical truck manufacturing beneath a blueprint to be launched on Wednesday.
“Becoming a renewable energy superpower will also deliver more affordable energy prices to families and businesses struggling to make ends meet with high energy costs,” union boss Steven Murphy stated.
But Australia should develop a brand new workforce, a complete trade coverage and use native content material, in accordance with the report commissioned by the Australian Manufacturing Workers Union, Climate Action Network Australia and the UTS Institute for Sustainable Futures.
Critical mineral refining and inexperienced hydrogen are recognized by the report as “keystones”, as they’ll unlock different alternatives.
Other main economies are making large investments in sovereign capabilities, and Australia is being left behind, the report warns.
“An Australian equivalent of the US Inflation Reduction Act level of funding is essential if Australia is to fulfil its aspirations to be a renewable energy superpower,” the report stated.
Co-author Chris Briggs stated a fund should be established that may use focused funding, grants and incentives corresponding to manufacturing credit to assist native firms grow to be internationally aggressive exporters.
He urged state and territory governments to make use of native content material legal guidelines and authorities procurement to assist new companies.
“To build Australia as an energy superpower, we also need to prepare our state vocational education centres, universities, and businesses to train and develop the renewable energy workforce of the future,” he stated.
Federal Jobs and Skills Minister Brendan O’Connor will launch the report, Towards a Renewable Energy Superpower, at a TAFE in Melbourne’s Docklands.
Source: www.perthnow.com.au
