Anthony Albanese Prime Minister, Australia
M y vision [is] for an economy that works for people, not the other way around ... A growing economy with good, secure jobs that strengthen families and communities. Fair wages that reward hard work and nourish aspiration. And the new skills, clean energy, innovation, infrastructure, competition and technology to boost our productivity and lift our living standards. An economy where we do not hide from change, or run from it – but strive to shape it and make it work for our people and our nation … Australia has a faster rate of economic growth than most of the G7. With a lower unemployment rate. Stronger jobs growth. A higher participation rate. Smaller gross debt. And, unlike every nation in the G7, we are delivering budget surpluses … But we know there is more to do, especially when it comes to helping Australians with their cost of living. There are three vital ways we do this: Getting wages up for workers. Getting costs down for families. And getting the Budget onto a stronger foundation, putting downward pressure on inflation … Our Future Made in Australia Act ... builds on the work we have been doing for two years to put Australia at the economic centre of the global shift to net zero. Delivering the clear, detailed, costed energy plan we took to the last election and secured a mandate to deliver. A plan to end the uncertainty of the climate wars and seize the opportunities of the move to renewables. That started with legislating our 43 per cent 2030 emissions target and our commitment to net zero by 2050 … This is why we have already seen a 25 per cent increase in renewables in the national grid in just two years. Backed by record new investment in batteries and storage. Meaning we are already half way to meeting our 2030 renewables target … Solar and wind and green hydrogen are energy sources where Australia has a powerful natural advantage. And in a world where 92 per cent of the global economy is signed up to Net Zero, we can turn clean energy into a source of enduring comparative advantage, powering a new generation of advanced manufacturing … The generation, storage and transmission infrastructure that will make Australia a renewable energy superpower. And the refining, processing and manufacturing
connection to every nation and culture. And we are located on the doorstep of the fastest growing region of the world in human history. Our vision for a future made in Australia says that all these national strengths and advantages can be brought together to build something greater than the sum of the parts. Striving for more than watching other nations create jobs and add value to our resources, before we buy the finished product back at a higher price. Aspiring for more than Australian scientists and researchers having to go overseas to commercialise their breakthroughs. And delivering more for our growing suburbs and regional communities. Opening the doors of opportunity by creating new university hubs and TAFE [technical and further education] places in our regions. Building more homes and infrastructure – the ports and roads and rail that create local jobs in construction and connect farmers and producers and manufacturers to national and global markets. And ensuring that the transformative economic opportunities of clean energy are shared with the communities and workers who will deliver it. Our vision for a future made in Australia, is powered by our clean energy plan … Australia has every resource imaginable to succeed in this decisive decade. Critical minerals, rare earths, skills and space and sunlight, the trade ties to our region. The only thing our nation does not have, is time to waste. In the two years I’ve had the extraordinary honour of serving as the 31st Prime Minister of Australia, I’ve visited communities in every part of our nation that have been devastated by natural disasters. People battling floods, bushfires, drought – and the long, hard work of rebuilding. These are reminders of the risk that extreme weather and climate change present to our country. But in these, the worst of times, I’ve been witness to the best of Australians: resilience, courage and compassion … That’s how we continue to build an economy that works for people, not the other way around. A nation where no-one is held back, and no-one is left behind. A better future, made right here in Australia. Address to the Committee for Economic Development of Australia’s State of the Nation Conference, 27 June 2024
A clean energy future
centres that will create a new generation of good, secure jobs. Bringing a new wave of industry and opportunity to our regions and suburbs alike. Investing in our energy sovereignty, to strengthen our economic security … This is about lifting Australia up the international value chain, by lifting our national ambition. Australia is the best in the world at extracting and exporting our natural resources. We set global standards in safety and sustainability and skill. And this will always be a vital part of our economic success. We also have the best clean energy resources in the world – the critical minerals and rare earths under the ground, the sunlight overhead. Some of the best universities and researchers and innovators in the world. Some of the most skilled workers in the world. One of the best social safety nets in the world. One of the most diverse and harmonious societies in the world, with diaspora communities that give us a family
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globalgovernanceproject.org G20 BRAZIL: THE RIO SUMMIT — 2024
2024 — G20 BRAZIL: THE RIO SUMMIT globalgovernanceproject.org
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