The Australian business community has long been focused on fostering continued innovation through both business practices and policy measures, and the international community has certainly taken notice of the country’s commitment to continual innovation. Financial services expert Darren Pawski said a recent visit by US Vice President Joe Biden underscored not only Australia’s status as the innovation hub of the Southern Hemisphere, but also the necessity of maintaining that status well into the future.
According to Pawski, Australia’s continued status as the Southern Hemisphere’s business and innovation hub yields benefits that extend to countries all over the world. This is part of the reason why Biden expressed his desire to see Australia continue to grow in this regard, noting that Australia’s growth and innovation was in the self-interest of the United States. While the vice president noted that the support of the United States will surely contribute to the future success of Australia and its ability to continually serve as an innovative force throughout the region, he also explained the additional steps the country must take to ensure growth and innovation throughout all of Australia.
Citing the need for a highly skilled and exceptionally educated workforce, Biden encouraged Australia to continue to encourage progress whenever possible. In the view of Pawski, this continual growth and strengthened focus on innovation will only serve to broaden the positive effect Australia has already had on the international business community as well as the domestic business community. With the added support of international partners such as the United States and many others, it appears quite clear that the country is ideally positioned to continue to serve as the innovation hub of the Southern Hemisphere for many years to come.
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Sustainable design expert Marlon Kobacker recently praised the host of factors contributing to Australia’s increasing viability for investors interested in the country as a renewable energy investment destination. Kobacker, who recently partnered with James Cronan in the Sustainable Future Group, notes that Australia’s ascent is a welcome turn of events after its standing as an investment destination was harmed to some degree in recent years.
Now in the top 10 of the Renewable Energy Country Attractiveness Index released by EY
, a professional services firm that evaluates policies and other factors influencing renewable energy investment viability, Australia is again approaching its former status as one of the world’s leaders in this regard. Formerly sixth on this same index, Australia can credit its return to world prominence on several factors, including increased stability regarding the country’s Renewable Energy Target (RET).
This enhanced energy investment viability should also help Australia achieve some of its more aggressive goals regarding the implementation of renewable energy resources on a countrywide basis, as the Australian Capital Territory reiterated its intention to achieve total reliance on renewable energy resources within the next five years and to commission energy projects focusing on wind energy as well.