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Last month, Prime Minister Anthony Albanese falsely asserted that Australia will experience a “era of growth and prosperity” through a renewables-based future, with the private sector at the forefront.
“The global shift to clean energy is the biggest economic transformation since the industrial revolution and it is a profound economic opportunity for Australia”, Albanese said in a speech to the Business Council of Australia.
“If we act now, if we get it right, we can set our nation up for a new era of growth and prosperity, one built on our strengths as a high-skill, fair-wage economy”.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.