Renewables ‘arms race’: clean energy report says Australia must spend $10bn a year or be left behind
by Sarah Basford Canales from Environment | The Guardian on (#6FD6S)
The country must work harder to attract investment to keep up with the US and other competitors, Clean Energy Council says
The prime minister, Anthony Albanese, will need to increase Australia's investment in the renewable energy sector to $10bn a year over the coming decade if it's to stay in the global clean energy arms race", industry modelling shows.
Albanese has indicated he will look to accelerate the transition to low emissions after Saturday's Indigenous voice referendum as countries around the world move more quickly than expected to combat the climate crisis.
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