«Problems of economics and management of oil and gas complex»

Prospects for the development of Australia's "green" export

UDC: 620.9
DOI: -

Authors:

¹ National University of Oil and Gas "Gubkin University", Moscow, Russia

Keywords: Australia, "green" energy, renewable energy, "green" goods export

Annotation:

Australia's industrial policy has mostly nothing to do with the choice of structural transformations areas for industrial development – the country has a system within which the federal government does not choose winners, deciding which industries should be preferentially supported. On the contrary, it relies on competitive and dynamic markets that shape and control structural changes, thus allowing not asking taxpayers to support uncompetitive enterprises, but to ensure the most efficient structure of the economy, where efficiency is determined by those factors, the prices for which are set on the world markets. Meanwhile, there seems to be several compelling reasons to believe that government intervention in the "green" export industries is necessary and beneficial, firstly bearing in mind ammonia, aluminium and steel. Australia’s future prosperity depends on its industry productive activity over 25 years’ time, and with its rich natural resources, minerals and renewable energy potential, the country-continent can look into the future with optimism.

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