Report Reveals Australian Cleantech Could Yield $215 Billion Profit

Published on May 10, 2024

Australian manufacturing and cleantech investments could boost profits by $215 billion (US$142.2 billion) and support 53,000 new jobs by 2035, according to a report by Beyond Zero Emissions (BZE). In the report, “Make it here: building Australia’s clean industrial future,” BZE calls for bold measures to leverage Australia’s natural resources and enhance innovation as the world intensifies efforts to achieve net zero emissions. Based on the report’s key findings, developing solar, wind, batteries, heat pumps, and commercial electric vehicles (CEVs) onshore supply chains is essential for propelling the country’s economic growth. Battery technologies, in particular, are deemed the most promising sector for Australia’s economy and a significant contributor to decarbonisation efforts. Alone, they can create up to 20,000 jobs and generate $114 billion in domestic revenue by 2035....

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