Tania Constable, CEO of the Minerals Council of Australia, advises the Albanese government to focus on research and development instead of creating subsidy-reliant industries. She warns against the long-term burden on taxpayers and emphasizes the importance of utilizing competitive advantages and strategic partnerships.
Already a subscriber?The Albanese government should keep its hands off the “steering wheel” of business, invest in research and development rather than, and avoid the dead weight of creating subsidy-reliant industries, says Minerals Council of Australia chief executive Tania Constable.
Mr Albanese unveiled on Thursday his plans for a modest response to the US Inflation Reduction Act, which aims to spur new investment in green energy and expand the nation’s home-grown industrial base. It is less than two weeks after Labor faced a “We know we need to continue to operate with China, and we have to continue to have solid relationships with other partners like the United States and UK.”
Australia Albanese Government Minerals Council Of Australia Subsidy-Reliant Industries Research And Development Competitive Advantages Strategic Partnerships
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