Australia Joins the Global Subsidy Race to Promote Critical Industries ...Middle East

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Australia’s government has joined the United States and the European Union in a race to lure in more business from abroad, with a focus on transition-related industries such as solar power and hydrogen. While the size of the subsidy pie has not been detailed, Reuters reports that the Future Made in Australia Act will allocate at least A$18 billion, or about $12 billion, for the effort. “Securing jobs, attracting investment, and building prosperity has never been a polite and gentle process where every nation gets a turn -…

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