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.
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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.
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