1 year ago
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Australia has to make the case it is an attractive place to live with a solid commitment to renewable energy to counter America’s Inflation Reduction Act, experts say
Australia’s rush to build renewable energy fast enough to replace ageing coal-fired power stations is being fettered by the US’s own clean energy push that is luring key talent, particularly engineers, industry officials say.
America’s Inflation Reduction Act (IRA), passed just over a year ago, will pour at least US$370bn (A$570bn) into clean energy programs. Groups such as the Clean Energy Council warn the program “has the potential to permanently tilt the scales toward the US and hamper our progress in Australia”.
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