The Australian government will establish a $2 billion finance facility to help fund green energy and infrastructure investment in South-East Asia, to tap into spiralling demand for renewable power in the region between now and 2050. The facility will provide loans, guarantees, equity and insurance to help bolster trade and investment with the ASEAN bloc. This initiative is one of the recommendations made by Mr Moore and will be announced by Prime Minister Anthony Albanese at a CEO summit.
South-East Asia will require 454 gigawatts of additional generation capacity between 2021 and 2050, creating employment opportunities for over 5 million people
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: