‘Billions of dollars’: Australia hopes to lure renewable energy investment from US after Trump’s election

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Investors confident Australian industry will not turn away from climate targets and action, as some major banks have in the US

The intense competition for financial capital for climate and renewable energy projects has taken a significant turn since the election of Donald Trump, with tens of billions of investor dollars potentially up for grabs.

Australia has been locked in a race against the US and other markets for renewable energy investment, particularly after former president Joe Biden introduced climate-driven legislation, including the Inflation Reduction Act (IRA).

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