Energy Crisis Could ‘Hollow Out’ Australia’s Manufacturing Sector, Treasurer Warns

Energy Crisis Could ‘Hollow Out’ Australia’s Manufacturing Sector, Treasurer Warns
Treasurer Jim Chalmers delivers his Budget Address at Parliament House in Canberra, Australia on Oct. 25, 2022. Martin Ollman/Getty Images
Rebecca Zhu
Updated:

Soaring energy prices could “hollow out” Australia’s manufacturing sector in particular, but the government is trying to work out a solution, Treasurer Jim Chalmers said.

At an Australian Industry Group lunch in Canberra on Monday, Chalmers said he was preparing to announce temporary and sensible regulations to address the energy crisis.