Anthony Albanese’s weekend meetings should help counter local concerns that hundreds of billions of dollars of US subsidies for clean energy and critical minerals unfairly disadvantage Australia. ausbiz auspol
President Biden may be headed back to the US rather than to Australia this week, but Anthony Albanese will be well-satisfied by the results of all the weekend meetings in Japan.and attendance at the G7, can only boost Albanese’s efforts to sell the domestic economic and security benefits of Australia’s foreign policy.
Combined with a presidential pledge to ask Congress to treat Australia’s defence manufacturers as a domestic source, it allows Albanese to take to Twitter to claim “our enduring friendship demonstrates what’s possible when we work together”.“If we think about industries like hydrogen, without that support, there would be a massive incentive for hydrogen-based industries to be based in the US,” he said at his press conference in Hiroshima.
That includes promoting the possibility of sophisticated battery manufacturing, refuting considerable scepticism in the mining industry that this will prove economically feasible. A more confident sounding PM argues his government has “restored Australia’s relationship with the world” and points to progress on global challenges, ranging from climate change to the reality of war in the Ukraine and the threat of it over Taiwan.
Biden was typically effusive about the Quad partnership of Japan, India, Australia and the US, as he apologised for the need to change location and timing to deal with mired Congressional negotiations over the US debt ceiling.
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