Business

The future of manufacturing in the country has been secured by the passing of the government’s reconstruction fund, Prime Minister Anthony Albanese says. The $15 billion fund passed the Senate on Tuesday night, after the government’s signature investment vehicle secured the support of key crossbenchers. It was rubber-stamped by the lower house on Wednesday morning. […]

The safeguard mechanism may cut industrial emissions but tradies will be the boots on the ground to electrify homes and save household budgets. “We need to comprehensively reform how we train the young Australians that we need to, quite honestly, save our arses,” electrification guru Saul Griffith told politicians and smart energy bosses at federal […]

Australia could add more than 61,000 jobs and almost $17 billion to its bottom line if it made more electric car and solar storage batteries in the country, a report has revealed. The Charging Ahead study, released by the Future Battery Industries Co-operative Research Centre on Wednesday, revealed demand for lithium-ion batteries had soared over […]

Australian companies should be allowed to fund “fair dinkum” climate change projects in Pacific island nations as an offset against their own carbon emissions, a former top energy adviser to the federal government says. Kerry Schott, who chaired the Energy Security Board from 2018 to 2021 and worked on the redesign of the National Electricity […]

Billionaire Andrew Forrest has spoken out against the federal government’s safeguard mechanism legislation which would allow big polluters to offset their emissions. The mining magnate and green hydrogen proponent has urged Australia to take bold steps to transform its energy sector after the United Nations warned “warp speed” action was needed to prevent a climate […]

Australian industry will benefit with thousands of jobs bankrolled from a nuclear submarine deal worth hundreds of billions of dollars. Treasurer Jim Chalmers said the large amount of money to acquire eight-nuclear powered submarines would be an investment in Australia’s future. “This is a game-changing investment. It will be worth every cent … when it […]

Few surprises are expected in the five-yearly review of Australia’s productivity performance but the final report will likely sound alarm bells for the nation’s sluggish productivity growth. The comprehensive report, which will be released later in the week, is expected to build on the Productivity Commission’s last review that offered a list of recommendations to […]

An unlikely alliance of business, union and conservation groups warns Australia risks becoming a global laggard without significant investment towards net-zero emissions. The joint report from organisations including the Business Council of Australia, the Australian Council of Trade Unions and the Australian Conservation Foundation has called for greater investment in renewable industries to ensure an […]

Addressing runaway energy and telecommunications prices, dodgy environmental claims and ever-increasing online scam losses will headline the work of Australia’s consumer watchdog over the next 12 months. Unveiling her annual compliance and enforcement priorities at a Committee for Economic Development Australia event in Sydney on Tuesday, ACCC chair Gina Cass-Gottlieb said cost-of-living pressures would also […]

Australia could face a shortage of 200,000 engineers by 2040, putting at risk major infrastructure projects and efforts to become a renewable energy leader, a new analysis has found. Supporting female engineers to enter and stay in the industry could be key to avoiding the shortfall, Professionals Australia has warned, as only two in 10 […]