Treasurer Open to Amending Green Manufacturing Bill Amid Inflation, Transparency Concerns

Treasurer Jim Chalmers has opened the door to changes to the government’s signature Future Made in Australia Bill amid a surge of criticism.

The Bill, partly modelled on the U.S. Inflation Reduction Act, aims to develop local green energy industries separate from Chinese supply chains.

Yet the proposal has faced criticism that has compelled the government to consider “amendments put to us in good faith.”

“We have listened to the points made about transparency and rigour around investment decisions, and this is precisely why we are enshrining the framework and processes underpinning the future made in Australia into the law which is before us,” said Chalmers.

Under the Act, the government will play a major role incentivising potential projects or businesses in the renewable industry.

Read Full Article Here