Critics stuck in decade of ‘big shoulder pads’: industry minister

Industry Minister Ed Husic says critics of the government’s plans for local battery manufacturing are stuck in a decade when ABBA was on the charts and the prevailing fashion was big hair and large shoulder pads.

“That in turn requires a change in how we approach industry policy in Australia. Industry policy with a goal of more Australian workers making more things [and] using Australian know-how and Australian resources.” The $15 billion National Reconstruction Fund has $3 billion allocated to co-invest in businesses developing green energy technology.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BCA calls for industry policy fixThe BCA says its economic overhaul would leave the Australian economy $200 billion larger and national income $7000 higher per-person higher after a decade.
Source: FinancialReview - 🏆 2. / 90 Read more »

Green hydrogen push as industry claims gas ban ‘doesn’t make sense’The Victorian government is standing firm on its gas ban for new homes as the gas industry says the state should boost the use of renewable forms of the power source, including a hydrogen blend.
Source: theage - 🏆 8. / 77 Read more »

The little-known grape varieties powering Australia’s wine industryIn his new book, the Financial Review drinks writer explains how new wines and styles since 2000 have been good for growers and great for drinkers.
Source: FinancialReview - 🏆 2. / 90 Read more »

Keep EV subsidies, industry saysThe NSW government’s potential removal of the $3000 subsidy for electric vehicles would be counterproductive and hinder the uptake of low-emission vehicles, according to the industry body.
Source: FinancialReview - 🏆 2. / 90 Read more »