Invest
Labor plans to create over 600,000 jobs with new climate policy
The party has outlined its climate policy in the lead up to the next election.
Labor plans to create over 600,000 jobs with new climate policy
The party has outlined its climate policy in the lead up to the next election.
Labor leader Anthony Albanese has unveiled the climate policy he will take to the next election with a commitment to reduce Australia’s emissions by 43 per cent by 2030.
The “Powering Australia” plan includes $24 billion in public investment, which Labor said would drive $76 billion in total investments.
A total of 604,000 new jobs are set to be created under the plan, with five out of six positions in regional areas.
“Less than a month after the biggest climate conference in world history, Australia has been asked to try again when it comes to climate policy, after being ranked last in the world,” said Mr Albanese.
“The Morrison government is unable and unwilling to rise to this challenge. Labor will, and as we do, we will create jobs, economic opportunities across regional Australia and cheap power.”
According to the plan, families and businesses will save $275 each year on their power bills by 2025 and $378 by 2030.
Labor said that the Powering Australia plan was “squarely focussed” on the economic interests of families and businesses through policy it described as being realistic and ambitious.
Other commitments made by Labor include discounts to electric vehicles and rolling out solar banks and community batteries around the country.
The climate plan was welcomed as “sensible and workable” by the Business Council of Australia.
“Labor’s plan paints a path towards net zero by helping to give businesses the certainty they need to get on with the work they’re already doing and do even more,” said Business Council CEO Jennifer Westacott.
“Targets aren’t enough on their own, so it is great to see Labor setting out a plan to get there with a focus on more jobs, more opportunities and stronger regions.”
The Climate Council also voiced its support for the plan but called for further commitments from Labor.
“Right now, our country is the worst performing of all developed countries when it comes to cutting greenhouse gas emissions and moving beyond fossil fuels like coal, oil and gas,” said Climate Council CEO Amanda McKenzie.
“Labor’s plan is a major improvement, but it will need to be strengthened significantly to genuinely tackle climate change.”
Economy
Survey reveals heightened job security concerns among IT workers in 2024
A recent survey conducted by Authority Hacker has revealed that 89.66% of IT workers in the United States have increased concerns about job loss in 2024. Read more
Economy
Australian founders adapt to the challenging fundraising environment with optimism and strategic shifts
The landscape for start-up funding in Australia has been increasingly challenging, but this has not dampened the spirit of the country's entrepreneurs. Read more
Economy
Signs point to possible US economic 'soft landing' in ClearBridge analysis
The US economy may be steering towards a 'soft landing' despite mixed signals from the stock market, according to a recent analysis by ClearBridge Investments. Read more
Economy
Alternative fund managers predict capital raising surge in 2024
Alternative investment fund managers are predicting a sizable increase in capital raising efforts in 2024, according to a global study by Ocorian, a leading alternative investment fund administratorRead more
Economy
Understanding the economic indicators that affect your earnings
The landscape of personal finance is profoundly influenced by broader economic trends and indicators. Read more
Economy
Navigate market turbulence with expert advice: no crystal ball needed
In an era fraught with investment market uncertainties, from fluctuating interest rates to geopolitical strife, seasoned market experts are guiding investors through the mire, offering sage advice on ...Read more
Economy
OPEC delays crucial meeting amidst challenging negotiations and global economic concerns
The Organization of the Petroleum Exporting Countries (OPEC) has postponed an important meeting scheduled for the weekend, suggesting potential discord among members, according to Ipek Ozkardeskaya, ...Read more
Economy
Impact of inflation on Australian investments: What you need to know
Inflation is often touted as the silent enemy of investors. While it’s a normal part of most economies, unchecked inflation can erode the real value of your investments over time. Read more
Economy
Survey reveals heightened job security concerns among IT workers in 2024
A recent survey conducted by Authority Hacker has revealed that 89.66% of IT workers in the United States have increased concerns about job loss in 2024. Read more
Economy
Australian founders adapt to the challenging fundraising environment with optimism and strategic shifts
The landscape for start-up funding in Australia has been increasingly challenging, but this has not dampened the spirit of the country's entrepreneurs. Read more
Economy
Signs point to possible US economic 'soft landing' in ClearBridge analysis
The US economy may be steering towards a 'soft landing' despite mixed signals from the stock market, according to a recent analysis by ClearBridge Investments. Read more
Economy
Alternative fund managers predict capital raising surge in 2024
Alternative investment fund managers are predicting a sizable increase in capital raising efforts in 2024, according to a global study by Ocorian, a leading alternative investment fund administratorRead more
Economy
Understanding the economic indicators that affect your earnings
The landscape of personal finance is profoundly influenced by broader economic trends and indicators. Read more
Economy
Navigate market turbulence with expert advice: no crystal ball needed
In an era fraught with investment market uncertainties, from fluctuating interest rates to geopolitical strife, seasoned market experts are guiding investors through the mire, offering sage advice on ...Read more
Economy
OPEC delays crucial meeting amidst challenging negotiations and global economic concerns
The Organization of the Petroleum Exporting Countries (OPEC) has postponed an important meeting scheduled for the weekend, suggesting potential discord among members, according to Ipek Ozkardeskaya, ...Read more
Economy
Impact of inflation on Australian investments: What you need to know
Inflation is often touted as the silent enemy of investors. While it’s a normal part of most economies, unchecked inflation can erode the real value of your investments over time. Read more