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Australia’s Renewable Energy Revolution Begins With $566 Million Investment

The government will spend another $100 million to hire more staff to speed up approvals for renewable and critical mineral projects.
Australia’s Renewable Energy Revolution Begins With $566 Million Investment
A reclaimer works in the Yandicoogina stockyard and loading a conveyor with high grade iron ore in Pilbara, Australia, on Sept. 4, 2009. Christian Sprogoe/AFP via Getty Images
Alfred Bui
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The Australian Labor government will invest heavily in critical mineral mapping to turn the country into a renewable energy superpower and a hot spot for renewable investment.

On May 7, Prime Minister Anthony Albanese announced that the government would provide $566 million (US$366 million) in funding for a project that would deliver a map showing what was located under Australia’s soil and seabed for a 10-year period.

Alfred Bui
Alfred Bui
Author
Alfred Bui is an Australian reporter based in Melbourne and focuses on local and business news. He is a former small business owner and has two master’s degrees in business and business law. Contact him at [email protected].