News & events
Beyond Zero Emissions welcomes manufacturing pre-budget announcements by Prime Minister
Beyond Zero Emissions welcomes funding announcements made today by Prime Minister, Scott Morrison to modernise manufacturing and support the recycling and clean energy sectors. A significant number of these initiatives are set out by the Beyond Zero Emissions (BZE) Million Jobs Plan.
The BZE Million Jobs Plan has highlighted the potential for electrified industry, powered by low-cost renewables to boost Australia’s manufacturing capability in many of the priority areas identified by the Prime Minister, including:
Eytan Lenko, Chair of Beyond Zero Emissions said:
“Upgrading and electrifying manufacturing infrastructure would be an excellent outcome for the Modern Manufacturing Initiative and the Manufacturing Modernisation Fund. This will allow manufacturers to increase their international competitiveness through access to low-cost renewable energy.
“This week, BZE briefed investors representing an estimated $150 billion in private capital on the investment potential of renewable powered manufacturing precincts in existing manufacturing hubs around Australia.
“These manufacturing projects, which represent a small fraction of the potential for clean manufacturing in Australia, showcased over $25 billion in private investment. Recent independent economic modelling of BZE’s Million Jobs Plan by renowned economist, Chris Murphy, showed renewable powered manufacturing investment is key to stimulating economic recovery.
“Australia could create over 50,000 new on-going manufacturing jobs by 2025 with renewable energy-powered manufacturing, identified within BZE’s Million Jobs Plan.”
Beyond Zero Emissions is one of Australia’s most respected energy think-tanks. We produce independent research that shows how Australia can thrive through a transition to a zero-emissions economy.
The Million Jobs Plan maps out a bold job creation framework through:
Hunter has enough new energy potential to power Renewable Energy Industrial Precinct
The Hunter has more than enough renewable energy potential to decarbonise existing industry giants and develop new green industries.
Beyond Zero Emissions welcomes switch to renewables by Tomago Aluminium
A strong sign for the future of manufacturing in the Hunter.
Further resources for Australia’s decarbonisation pathway
An 81% emissions reduction is achievable by 2030 with an ambitious clean technology rollout.
A briefing paper on how a REIP will provide jobs and investment for Gladstone now and into the future.
How a a zero-emissions manufacturing hub can power The Hunter’s industry, workforce and economy.