AUSTRALIA’S Prime Minister Anthony Albanese on Monday announced a 2-billion-Australian-dollar ($1.24 billion) plan to incentivize aluminium smelters to transition to renewable power.
The funding will be used for a scheme that will pay aluminum smelters for every tonne of the metal produced using renewable electricity over a 10-year period to 2036.
He said that investing in the local aluminum industry is a “massive opportunity” to create jobs and set Australia up for the future.
“We’ve got the resources, the workers, and the know-how — the only thing we don’t have is time to waste,” Albanese said. “We are building Australia’s future, not taking Australia backwards.”
— AFP
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