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ARTICLE · 18 APRIL 2024

Future Made in Australia Act - a shot in the arm for cleantech?

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The Future Made in Australia Act, announced recently, may be the incentive for expanded investment in cleantech.

AustraliaIntellectual Property
Gareth Dixon
Gareth Dixon
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The recently announced Future Made in Australia Act may turn out to be the shot in the arm the Australian cleantech sector has been waiting for...

Cleantech, IP and Australia

We've written and spoken a fair bit recently regarding "cleantech" and IP's role in this vogue sector. A lot of it comes back to an inherent tension between incentivising innovation in cleantech and the public good in allowing climate-mitigating technologies to be monopolised. There's also an apparent lack of incentive to innovate in cleantech as opposed to pharmaceuticals, medtech or other technologies competing for increasingly scarce R&D dollars. With climate change increasingly real and the clock ticking, this lack of incentivisation is increasingly becoming the elephant in the room. And it's certainly not a case of one size fits all, as Australia's cleantech industry experiences these tensions in a blend unique to our little corner of the world.

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