Australian budget allocates $23bn over 10 years for green industries under Labor's Future Made in Australia policy.

The Australian budget prioritizes subsidies for green industries under Labor's Future Made in Australia policy, allocating $23bn over 10 years. While it supports renewable energy, critical minerals, and solar PV/battery manufacturing, critics argue it lacks initiatives to address immediate environmental crises such as biodiversity and extinction concerns. The budget also delays rewriting key environment laws.

May 14, 2024
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