In October 2021, the Business Council of Australia, the Australian Council of Trade Unions, the Australian Conservation Foundation and World Wildlife Fund for Nature Australia released a shared report, 'Sunshot: Australia's $89B clean energy export opportunity', calling for the establishment of a renewable exports strategy with clear targets backed by credible policies.
The Sunshot report analyses 6 of Australia’s major renewable export opportunities, and delivers recommendations for how we unlock hundreds of thousands of jobs along with $89 billion into our economy by 2040. The report demonstrates how cutting our exported emissions and providing the necessary leadership to scale the technologies of the future will bolster Australia’s prosperity and ensure a safe climate for all.
A global shift towards renewable power and clean energy goods and services is already well underway, and immediate early action can make Australia a leader and position workers and businesses for the future.
This is Australia’s opportunity to create 395,000 clean export jobs and generate $89 billion in new trade by 2040 through investment in clean energy exports.
Leading analysts at Accenture, ACF, WWF-Australia, ACTU and BCA identify 5 specific actions for government to put Australia at the front of the pack:
- Coordinated investment in 7 clean export precincts
- $10 billion co-investment in new industries
- $5 billion fund for workers and regions to diversify
- A new program to support low-carbon materials in major infrastructure projects
- An interim target of 6 GW of hydrogen and 3 green metals plants by 2027