Australia's green push may not be enough for investors

Significance The policy aims to position the country as a leader in the clean energy sector by strengthening local manufacturing and innovation. Tax breaks will be available for the development of green energies and the production of critical minerals. Impacts Australia may struggle to attract investors, as FMIA does not offer benefits that compete with the US Inflation Reduction Act. A potential subsidies war could erode any competitive benefits from localising production. Over-reliance on expatriate workers has resulted in a dire skills shortage in green industries that will be hard to remedy.