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Investors and unions press Labor to invest $100bn to compete in global green economy

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The Albanese government is being pushed to provide an extra $100bn over 10 years to boost jobs and reduce emissions including through investments in clean industries and manufacturing of renewable energy components.

At the Australian Renewables Industry summit in Canberra on Monday unions, the renewable energy sector, community and investor groups willcall for the package to respond to massive investment overseas including the US’s Inflation Reduction Act (IRA).

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