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Highlights
- Fortescue’s Forrest praises Australia’s green energy direction
- Albanese government policies seen as foundation for clean industry
- Green iron pegged as Australia’s next big industrial leap
Fortescue Metals Group’s (ASX:FMG) executive chairman, Dr Andrew Forrest, has welcomed the recent federal election outcome as a decisive step toward a cleaner, greener Australia. Dr Forrest described the return of Prime Minister Anthony Albanese as a significant moment for the country’s renewable energy ambitions and an endorsement of climate-forward policy-making.
In the wake of the Labor Party’s win, Dr Forrest highlighted that the results send a clear message—Australians are willing to embrace the economic benefits of addressing climate change. He emphasised that any government seeking to lead the nation must present a credible and science-based plan to tackle the climate crisis.
Dr Forrest also expressed readiness to collaborate with the new government to achieve practical, nation-wide outcomes. Central to this agenda is the push for green energy initiatives that not only benefit the environment but also bolster Australia’s industrial future.
The Albanese administration’s key commitments—such as the Future Made in Australia initiative, the Capacity Investment Scheme, and targeted incentives like the Hydrogen Production Tax Incentive and Green Iron Fund—were identified by Forrest as pillars for Australia’s next industrial evolution. These measures are expected to attract significant investment and innovation within the green energy sector.
One of the standout points raised by Dr Forrest is the potential of a green iron industry, which he believes could become Australia's largest industry. He called for immediate development in regions like the Pilbara, which are rich in resources and ready to support industrial transformation. The focus, he says, should be on job creation, skill development, and decarbonisation of heavy industry—key areas that align with regional and national growth.
These developments are also relevant for investors keeping an eye on ASX dividend stocks, as companies aligned with clean energy and infrastructure could see increased government support and stability—factors often valued in dividend-paying equities.
The Clean Energy Council echoed Forrest’s optimism, stating that the election result reflected public confidence in renewable energy pathways such as wind, solar, battery storage, and hydropower. They see the renewed mandate as an opportunity to expand Australia’s energy capabilities and improve affordability for consumers.
With the ASX300 landscape evolving alongside national energy policy, stakeholders are watching closely. Companies that align with sustainability goals may find new opportunities as part of the ASX300 index, driven by both market and policy momentum.
As Australia transitions toward a greener industrial base, the convergence of politics, policy, and business could reshape the future for many sectors within the ASX 300.
