The costs of climate inaction are clear. However, awareness is also growing of the profound opportunities of climate action.
  • President Joe Biden in the United States has prioritized climate action as an opportunity for economic growth and job creation.
  • The Australian government should follow suit by making direct equity investments in private clean-tech companies and enforcing accountability measures.
  • The Chinese government has invested a substantial amount in clean energy, while the European Union plans to invest over $1 trillion in renewables.
  • Countries like Japan, Canada, South Korea, India, and Saudi Arabia are also investing significantly in clean technology manufacturing.
  • The Australian government needs to implement a new industry policy to drive decarbonization, rebuild manufacturing, secure supply chains, and create well-paid jobs.