A new report by independent think tank Beyond Zero Emissions (BZE) Bold has found that strengthening Australia's manufacturing capacity by expanding five onshore cleantech supply chains could generate up to $215 billion in revenue by 2035. It has the potential to create up to 53,000 additional jobs.
Succeed here: Building Australia's clean industrial future It outlines the decisive action needed to make the most of Australia's rich resources and raw minerals and build innovation towards our net zero goals.
“From battery manufacturing to steel recycling, the future is already being made in Australia. We have the skills, capabilities and key technologies needed for a zero-emissions economy. Let's harness them.” said BZE CEO Heidi Lee.
Growing just five land-based cleantech supply chains, including solar, wind, batteries, heat pumps, and commercial EVs, would generate $215 billion in domestic revenue and up to 53,000 new continuing jobs by 2035. be able to.
Australia has the natural resources, innovation and manufacturing capabilities needed to play a key role in the global energy transition.
Battery manufacturing has emerged as the most promising sector for Australia's economic growth and decarbonization efforts, with the potential to generate up to 20,000 jobs and $114 billion in revenue by 2035.
Smart investment in industry and local communities can help regions like Gladstone in Queensland, Kwinana in WA and the Hunter Valley in NSW diversify from their fossil fuel pasts and grow into clean technology futures. Masu.
Providing limited-time financial support to build a competitive Australian cleantech manufacturing industry is at the forefront of the report's key recommendations.
“Smart supply chain investments are critical to Australia's energy security, long-term jobs market and decarbonization efforts,” Mr Lee said.
