Andrew Forrest expects US green push to survive Republican presidency
would likely stay in place if the Republicans seize the White House in November next year, mining and energy billionaire Andrew Forrest has predicted.Louise Kennerley
The IRA’s vast program of subsidies, production credits and tax sweeteners, which became law last year, have created a potentially lucrative tractor beam into the US for Australian green energy producers, manufacturers and investors. “In that huge belt of mainline America which is largely red”, he said, Republican politicians would understand that “most economic growth ... will happen in their belts”. So “a clever Republican will quickly move to try and steal a march”.
But “I spoke to a couple of the largest donors to the Republican Party, who must remain nameless, the other day, and they told me that Donald Trump will not be the candidate”.Dr Forrest said the Albanese government was “getting cracking” on its response to the IRA.
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