This is not a time for Australia to be naïve: a trade war could significantly harm domestic industry and jobs.
Manufacturing Australia today welcomed the government’s new energy plan, saying it was right to focus on affordability and reliability alongside emissions reduction, and encouraging all parties to make a “clear eyed assessment” of the plan.
Manufacturing Australia (MA) has appointed James Fazzino as Chairman, replacing Mark Chellew, who is stepping down after leading the organisation since early 2015.
Australia’s high energy costs and declining energy security are damaging the ability of local manufacturers to compete globally, impacting both potential and current manufacturing investments.
Manufacturing Australia (MA) is supportive of regulation that aims to ensure security of gas supply to the Australian domestic market for the benefit of households and industry. Equally MA is supportive of regulation that aims to ensure that not only is supply secure but that prices for gas are reflective of the cost of production and not artificially inflated by shortfalls in supply, supply scarcity or lack of market competition.
Manufacturing Australia today met with The Hon Malcolm Turnbull, Prime Minister, to discuss the Federal Government’s intervention in the gas market, which, if implemented quickly and carefully, could provide a breakthrough in the gas and energy crisis threatening Australian manufacturing.
The Queensland government’s gas pilot project provides a template for how gas could be developed in Eastern Australia in future, striking a better balance between the needs of export and domestic gas customers.
*Statement from Manufacturing Australia Chairman, Mark Chellew and Executive Director, Ben Eade*
Manufacturing Australia (MA) has welcomed the ACCC’s report on its inquiry into the East coast gas market.