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Energy transition won’t push up power prices: PM

Prime Minister Anthony Albanese says Queensland will play “a pivotal role” in the government’s planned expansion of local manufacturing.

As he unveils Labor’s Future Made in Australia Act at the Queensland Media Club in Brisbane, Albanese says efforts to bolster domestic manufacturing will benefit communities across the state in Gladstone, Mackay, Rockhampton, Townsville, Mount Isa and Cairns.

“For Australia to seize the opportunities of the next decade for our nation to generate the energy, skills, jobs, technology and investment that will power our future prosperity, we need every community in Queensland included,” he says.

“Queensland has always been a great resources state, a great energy state and, of course, a smart state.

“Its coal, gas and other resources have helped to power our national economy and so have the ideas and dynamism of its people.

“Queensland’s role as a resource, energy and innovation state will continue, and it will evolve because Queensland resources and energy and technology will contribute to making Australia a renewable energy superpower.”