Opinion
This is a bold opportunity to refocus Australia’s economy
The Future Made in Australia Act is not picking winners. It is about reshaping whole sectors around a mission of managing climate change.
Mariana MazzucatoEconomistLast month, Prime Minister Anthony Albanese announced Australia’s response to the US Inflation Reduction Act – the Future Made in Australia Act.
The act has the potential to rejuvenate Australia’s lagging manufacturing sector and position the nation as a leader in renewable energy and green technology. Its focus on reaching the goal of net zero carbon emissions, and on ensuring its benefits are widely felt, is a positive signal of ambition.
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