'Unstoppable rise': Green power key to Albanese's jobs vision

The Opposition Leader will use a speech to a virtual climate summit on Tuesday to re-sell Labor's argument that the inevitable transition to a low-carbon economy will create - rather than cost - jobs.

Mr Albanese will also insist that Australia will continue to export coal to meet global demand, and that Labor "respects" the jobs provided in the resources sector.

The long-term future of the fossil fuels industry, he will argue, will be decided not in Australia but in boardrooms in "Tokyo, Beijing, Seoul and New Delhi".

But Mr Albanese will make clear that renewables are the future, providing benefits not only for the environment but for businesses and the wider economy.

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"Low-cost renewable electricity looms as the key to unlocking jobs growth for decades to come," he will say, according to a copy of the address supplied to The Canberra Times.

"Falling power bills will unshackle businesses, allowing them to expand and create jobs.

"With the right policy settings, falling power prices will act as a catalyst for a revival of the Australian manufacturing industry."

Mr Albanese will argue that the suite of election policies he's announced in recent weeks and months will allow Australia to "harness the unstoppable rise of renewable energy in the interests of job creation".

This includes Labor's proposed $15 billion national reconstruction fund, its $20 billion vision to modernise the electricity grid as well as the community battery and electric vehicle initiatives announced at last month's party national conference.

Mr Albanese will deliver the speech as world leaders - including Australian Prime Minister Scott Morrison - prepare to meet virtually this week for a major global climate summit convened by US President Joe Biden.

Mr Biden's push for stronger and faster global action on climate change will heap pressure on Mr Morrison to set more ambitious emissions-reduction targets for Australia.

Mr Morrison has expressed a preference to reach net zero emissions by 2050, but has stopped short of committing to the target. Labor has promised net zero by 2050.

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