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Australia wants to strengthen green industry with investment plan

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Published: April 16th, 2024,
Last updated: May 28th, 2025

Anthony Albanese
Not protectionism, but a new form of competition: Australia wants to invest billions in the industry to remain competitive in semiconductors and EVs.

Australia wants to invest at least $18 billion (€16.9 billion) in the expansion of hydropower, solar energy and hydrogen as well as in the domestic production of green technologies such as EVs and semiconductors. This was announced by Prime Minister Anthony Albanese (Labor Party) in a speech on Thursday.

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Inflation Reduction Act