Australia is hosting 13 U.S. clean technology manufacturing companies as part of the Australia-America Clean Industry Delegation, aimed at exploring clean energy opportunities in Australia.
The delegation is a showcase of Australia’s growing potential for clean manufacturing and renewable energy investment.
Australia has several natural resources, a highly skilled workforce and a clear government agenda, according to a joint media release from Minister for Climate Change and Energy Chris Bowen and Minister for Industry and Innovation Tim Ayres.
To support investment discussions, the government released the Investment Blueprint to accompany Australia’s 2035 emissions target. The blueprint is a response to growing calls internationally that climate targets be investible and that countries should set out plans to provide greater certainty for investors.
The blueprint highlights Australia’s position as an attractive and stable investment destination, as its 2035 target and sector plans lay the groundwork for long-term investment decision making.
Minister for Climate Change and Energy Chris Bowen said: “Australia’s climate change target is a big green light to local and international investors. A Future Made in Australia is a ready-made opportunity for investment, collaboration and securing our future economic prosperity.”
The three-day delegation will include high-level meetings with ministers, government finance bodies and private investors, along with policy briefings, investor workshops and a visit to Newcastle to see renewable technology manufacturing facilities in operation.
Minister for Industry and Innovation and Minister for Science Tim Ayres said: “Australia is open for business, and we are in a global race to attract the world’s best talent and capital to realise the greatest economic opportunity in our nation’s history: establishing Australia as a premier destination for global investment.
“The growth of clean tech manufacturing industries in Australia is critical to realising the ambition of a Future Made in Australia and take concrete action on climate change.”