Corporate sector warms to climate policy in lead-up to election, goes cold on nuclear

Thu, 1 May 2025 04:22:00 +1000

Andrew Pam <xanni [at] glasswings.com.au>

Andrew Pam
<https://reneweconomy.com.au/corporate-sector-warms-to-climate-policy-in-lead-up-to-election-goes-cold-on-nuclear/>

"The Labor government’s multi-billion-dollar plan to help recover Australian
manufacturing by encouraging investment that will help the transition to a
zero-carbon economy appears to have won support from corporate Australia
according to a new analysis.

InfluenceMap, a UK-based climate thinktank, analysed 185 consultation
submissions from 58 companies and their industry associations to gauge how they
were responding to the government’s Future Made in Australia Plan.

Under the plan, $22bn of public funding has been made available to support the
transition to a net-zero economy with the goal of encouraging investment in
clean energy manufacturing.

Tom Holen, Project Manager of Energy Transition Workstream at InfluenceMap,
said the results of the group’s analysis was surprising as they challenge a
perception that business was universally opposed to climate policy in
Australia.

“I’ve been looking at Australia for a very long time,” Holen said. “This is the
first climate-related policy where I can pick out a good news story here which
is the key shift of these metals and mining sectors that are widely expected to
be opposed.

“We’re seeing they’re not. We’re seeing that there’s a shift in climate-related
policy in Australia, just before the election.”

The group found that nearly half – 47.5% – of responses were supportive of the
Australian government’s climate plan, 28% were mixed or unclear in their
response and 25% were unsupportive or opposed.

According to the analysis, the group most opposed to the proposal were
companies operating in fossil fuel production or automotive sectors, along with
their industry associations. Toyota was the most prominent car maker to express
opposition.

Australia’s oldest and longest-running oil and gas industry association,
Australian Energy Producers, was the most oppositional entity and made repeated
calls for fossil fuels to be brought under the policy.

The companies most supportive were companies considered central to Australia’s
economy, including metals and mining, transport and utilities. The AI Group was
the most supportive cross-sector industry association, with alternative energy
industry associations, Clean Energy Council, Smart Energy Council and
Australian Hydrogen Council also supportive."

Cheers,
       *** Xanni ***
--
mailto:xanni@xanadu.net               Andrew Pam
http://xanadu.com.au/                 Chief Scientist, Xanadu
https://glasswings.com.au/            Partner, Glass Wings
https://sericyb.com.au/               Manager, Serious Cybernetics

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