$22.7 Billion Future Made in Australia Bill Introduced to Parliament

Published on July 3, 2024

Australian Treasurer Jim Chalmers has introduced the government’s $22.7 billion (US$15.1 billion) Future Made in Australia bill to parliament. The bill, if successful, aims to make Australia a leader in the global renewable energy sector as the nation looks to achieve net zero emissions by 2050. It comes amid Opposition Leader Peter Dutton’s pledge to pivot Australia’s energy strategy to a nuclear focus if successful in the next federal election. The treasurer has touted the Future Made in Australia Bill 2024 and Future Made in Australia (Omnibus Amendments No. 1) Bill 2024 as a “major step in making the Australian economy more prosperous and resilient.”...

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