$22.7 Billion Future Made in Australia Bill Introduced to Parliament

Labor introduces renewables bill to help Australia move towards net zero emissions by 2050.

Treasurer Jim Chalmers reacts during Question Time at Parliament House in Canberra, Australia, on March 30, 2023. Martin Ollman/Getty Images

Australian Treasurer Jim Chalmers has introduced the government’s $22.7 billion (US$15.1 billion) Future Made in Australia bill to parliament.

The bill, if successful, aims to make Australia a leader in the global renewable energy sector as the nation looks to achieve net zero emissions by 2050.