The world needs a “climate armistice” between the US and China if net zero emissions are to be reached while Australia shouldSpeaking ahead of Tuesday’s budget in which the Albanese government’s Future Made In Australia plans will probably be prominent, Marshall said the nation ought to focus any industrial support on sectors such as processing of lithium or vanadium or products that realistically scale up.
“In that way, we kind of earn our way into the global supply chain but without trying to own it all,” said Marshall, who will also be among the speakers at the Climate Action Week, starting on Monday in Sydney. Economist Saul Eslake, though, said there was a bipartisan belief “there’s something inherently more noble about manufacturing than other types of economic activity, and that manufacturing jobs are more important than other jobs”.
“If you’re too rigid with the , you might shut things down before they get a chance to go,” Marshall said. “With science, you can’t schedule invention.”