This would be enough to generate a certain investment environment, rather than governments seeking to compete with the hundreds of billions of dollars in cleantech subsidies being doled out under the Biden Administration’s colossal Inflation Reduction Act, he said. “There’s a lot of discussion about whether Australia should get into a bidding war with the US on those lines. I don’t think it particularly needs to compete. We have enormous reserves of minerals and metals here. And a potentially huge demand in Australia for energy storage [in the power grid].” Mr Albanese declared in February that domestic production of batteries…