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Why does our energy transition seem so slow? Because it is. : Comments
By Tom Biegler, published 10/10/2025Government hype says Australia’s renewables are booming - but official data shows growth so slow it will take 70 years to finish the ‘transition’.
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Since China started to make everything, OECD countries’ percentage of GDP for manufacturing has plunged from 18% to 14%.
Australia's was only 14% to start with, and it is now down to just below 6%. That makes us the lowest: even lower than Luxembourg, according to ‘Macro Business’.
(https://www.macrobusiness.com.au/2025/10/a-vulnerable-china-leaves-australia-exposed/)
Now, while that makes us and the rest less liable to ‘future shocks’, Big Boy China, hogging the manufacturing, is more susceptible to downturns, and more than half of the steel produced in China is reliant on Australian iron ore. Which means Australia, with its super-dooper entanglement with China, is “deeply indirectly exposed”.
China goes bad. Australia goes bad. We are just too reliant on China: exporting our resources and jobs to them, along with some of our 1.3% of emissions to add to their 30% of the world's emissions, with Albanese jabbering about ‘Made in Australia’ when our electricity is too expensive to make anything.
But, the Albanese government has a great plan: bring Australian businesses and manufacturers to their knees with outrageously expensive electricity, then bail them out with taxpayers’ money.