Skilled worker shortages, a lack of commercial scale technology, and broken environmental approvals are weighing on Labor’s green neo-industrial policy plans.
on concerns the economy does not yet have the skilled workers and faster environmental approvals regime to absorb any likely surge in capital.
Capacity contraints - from skilled workers to technology and environmental approvals - are weighing Labor’s plans to develop a domestic green industry programe, currently being developed by ministers including Treasurer Jim Chalmers., in place and ensuring sufficient supply of skilled workers means it will take longer than first indicated.
Mr Albanese said in May the US president’s green-energy stimulus package could send capital fleeing Australia for the United States, and that an Australian-plan would “address that”.Since then, Labor has faced repeated calls from industry groups and climate policy advocates for up toto ensure Australian minerals undergo domestic upstream green and carbon-free manufacturing to boost export earnings.
emerged as Dr Chalmers conceded the government’s climate targets are not on track, including an 82 per cent renewable energy generation goal by 2030. However, he warned there are serious problems with absorbing and deploying that capital into an industrial and resources transition that currently lacks the skilled know-how, technology and environmental approvals regime to enable timely green-lighting of new projects.
Dr Chalmers also pushed back at calls for Australia to match the scale and scope of Mr Biden’s vast green energy and transport subsidy and production-crediting program, saying such incentives “can be part of an answer but they’re not the whole answer”.AdvertisementHe said an Australian plan would focus on the country’s strengths, led by renewable energy and resources.
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