Building a clean technology manufacturing industry in Australia could increase domestic revenues by $215 billion and create 53,000 new jobs by 2035, according to a new report released by independent think tank Beyond Zero Emissions. There is a possibility that
Beyond Zero Emissions (BZE) aligns with the federal government's Future Made in the clean technology supply chain in solar power generation, battery technology, commercial electric vehicles (EVs), and wind and heat pump manufacturing and supply chains. We are calling for smart investment in development now. Australian initiatives.
The federal government recently proposed a taxpayer-funded incentive program for advanced manufacturing and clean energy projects, putting the country's place in the global clean energy race on the line.
BZE CEO Heidi Lee said Australia already had the skills and key technologies needed to build a zero-emissions economy and we simply needed to leverage them.
“You don't have to do everything, everywhere, all at once,” she says. “We need to build on what we know and support the communities, industries and businesses that are already established and ready to shape Australia's future.”
“We need to build capacity at the beginning and end of the cleantech supply chain, from consumer products to waste that currently has to be buried or shipped overseas. We need to make sure we get the most out of it.”
Image: Beyond zero emissions
'Make it here: Building Australia's Clean Industrial Future Report' identifies battery technology as the most promising area for Australia's economic growth and decarbonization efforts, with the potential for up to 20,000 jobs and up to 20,000 jobs by 2035. It said it could generate revenue of $114 billion (US$74.98 billion). It accounts for more than half of the expected revenue increase.
He said leveraging the rich transition minerals will be key by establishing a battery chemistry industry, supplying domestic energy storage systems and building up to five gigafactories to manufacture commercial EVs.
The report also found that Australia has built a 5GW solar industry and created 6,000 new manufacturing jobs in Australian communities transitioning away from fossil fuels, such as Kwinana in Western Australia and the Hunter Valley in New South Wales. The government is calling for the creation of new jobs.
The report also cited a zero-emissions supply chain with high environmental, social and governance (ESG) standards as Australia's competitive advantage in global markets over the next decade.
According to BZE, global clean technology demand will require 10,400 GW of solar power generation and 7,600 GWh of battery energy storage capacity by 2035. The demand for transportation battery energy storage is equivalent to nearly 1 billion vehicles, or 70,600 GWh.
To secure Australia's future in the global clean energy supply chain, the report lists a series of recommendations, including providing “temporary” financial support to build a competitive domestic clean technology manufacturing industry. There is.
It also calls for a focus on clean technology manufacturing in clean industry hubs, establishing policies to secure demand for Australian-made renewable technology and developing a circular economy.
“Smart supply chain investments are critical to Australia's energy security, long-term jobs market and decarbonization efforts,” Mr Lee said. “With the right support, Australia can meet global market demand for refined critical minerals and support onshore demand for cleantech products.”
The release of the report comes on the same day that Australian Prime Minister Anthony Albanese announced the government would invest $566.1 million over the next 10 years to identify new mineral deposits and energy sources. I was disappointed.
This investment, led by Geoscience Australia, will support the discovery of critical mineral and rare earth deposits needed to build the clean energy technologies needed to achieve net zero.
Mr Albanese said the investment underscores the Government's commitment to building a secure and sustainable future for all Australians.
“No country on earth is better placed than Australia to achieve our goal of moving towards a clean energy future,” he said.
Resources Minister Madeleine King said the path to net zero runs through Australia's resources sector.
“This funding will help resource companies map out the minerals they need to drive our economies and build the technology they need to reduce emissions,” she said. Ta.
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