Budget falls short of long-term strategy, according to Australian Academy of Technology and Engineering

President Hugh Bradlow said the budget failed to provide adequately for the "technology-forward economy" envisioned by the government.

He said it was estimated digital technologies would contribute $65 billion to the Australian economy by 2023.

"We will need an additional 100,000 digitally-skilled workers by 2024. By 2025, we need 40,000 more engineers," " Professor Bradlow said.

"This is an immediate need that is not being met by support for teachers, students, and the higher education sector."

Professor Bradlow said the Australian Academy of Technology and Engineering welcomed $247.1 million over five years for low-emissions technologies, and support to farmers for biodiversity activities.

"However, we are concerned that other energy related announcements are at odds with fast-tracking a net zero future and risks stranded assets."

The 2022-23 budget papers show a reduction in funding to the government's Clean Energy Finance Corporation and the Australian Renewable Energy Agency.

Nicki Hutley, leading economist at the Climate Council, said .3 per cent of total expenditure for 2021 to 2024 had been committed to climate change initiatives, falling to .2 per cent in 2024 to 2026.

"The temporary reduction in fuel excise - while welcome for many households - could perhaps have been better spent on supporting electric vehicles and EV [Electric Vehicle] infrastructure investment as well as public and active transport initiatives," Ms Hutley said.

Professor Bradlow said the $12 billion investment in roads was a missed opportunity to fast-track electrification of the transport system and achieve Australia's emission reduction commitment.

The Academy has called on all parties to articulate a vision for a skilled, technology-powered Australia ahead of the federal election.

"We welcome funding for green-energy infrastructure and expanding the STEM workforce," Professor Bradlow said.

"However, this budget does not represent a comprehensive and evidence-based investment to decarbonise, or develop the essential foundational skills required for the aspirational technology-forward economy the government has envisaged.

"As Australia seeks to transform to a net-zero emissions economy and evolve traditional industries, applied science is fundamental to actualising the ideas, technologies, systems and processes needed."

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