Insitutek is standing with 117 other businesses and calling for Australian governments to announce the vision, policies, and investment we need to position ourselves as a world-leading renewable energy exporter in a joint letter to Scott Morrison.
Insitutek is committed to advocating renewable energy and the tremendous advantage it could bring. Our energy consumption is entirely sourced from renewable energy and a number of our clients are using our products in the advancement of renewable energy in Australia.
Australia has huge potential for a renewable energy economy. We have some of the best wind and solar resources in the world, abundant land, and the critical minerals needed to make renewable energy technologies such as batteries. We also have the skills, expertise, and strong trading relationships needed to develop a thriving clean energy export industry.
A range of studies have found that becoming a renewable energy export superpower could grow Australia’s economy by up to $333 billion per annum and create hundreds of thousands of jobs, particularly in regional areas. A report released by the Business Council of Australia and the Australian Council of Trade Unions outlines that we would see Australia’s economy boosted by $89 billion and almost 400,000 jobs created for Aussie workers when we invest in clean energy exports.
Although we have the needed resources in becoming a renewable energy export powerhouse, it is still up to the Australian Government to take action in unlocking these opportunities.
In the joint letter sent to Scot Morrison, we are calling on the Australian Government to step up and announce the vision, policies, and investment we need to position ourselves as a world-leading renewable energy exporter at the upcoming Climate Change Conference of Parties in Glasgow (COP26). Specifically, we’re calling on the Federal Government to commit to:
- Creating Regional Renewable Energy Industrial Precincts: to enable clusters of traditionally hard-to-decarbonise industries to be powered with renewables and clean heat.
- Developing Bold Renewable Export Plans: that put us on a path to creating enough renewable energy to power our domestic needs with enough left over to sell to our neighbours.
- Delivering a Fair Transition: ensure First Nations, workers and regional communities benefit from the renewables race.