Australia will hold a general election on May 3, Prime Minister Anthony Albanese announced on Friday. Key issues include climate policies, nuclear power, and the housing crisis.

Dutton Emerges as Strong Competitor

Albanese’s Labor Party won in May 2022 by defeating the long-ruling conservatives. However, his approval ratings have dropped. Many Australians remain unconvinced about his economic policies.

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Meanwhile, his main rival, Peter Dutton, is gaining support. The 54-year-old former detective wants to cut immigration and lift the ban on nuclear power.

Speaking about the upcoming election, Albanese said, “Over the last few years, the world has thrown a lot at Australia in uncertain times. Because of the strength and resilience our people have shown, Australia is turning the corner. Now, on 3 May, you choose the way forward.”

Climate Policies Present Clear Choice

Voters must decide between two contrasting climate policies. Since Australia is a major coal producer, energy policies remain divisive.

On one hand, Albanese supports decarbonization. He warns that coal and iron ore exports cannot sustain the economy forever. His campaign, “Building Australia’s Future,” focuses on renewable energy, green manufacturing, education, and healthcare.

On the other hand, Dutton backs nuclear power. He plans to build seven large reactors for $200 billion. His slogan, “Getting Australia Back on Track,” highlights energy security and economic growth.

Housing Crisis and Inflation in Focus

Although inflation fell from 7.8% in 2022 to 2.4% in late 2024, high living costs persist. Housing remains a major concern. In fact, Sydney is now the second least affordable city in the world after Hong Kong. Therefore, both leaders have promised to address this crisis.

Independents Could Shape Election Outcome

For years, Labor and the right-leaning Liberal Party controlled Australian politics. However, growing frustration has fueled support for independents. Many demand transparency and stronger climate action. Consequently, experts predict at least 10 independents could influence the final result, possibly leading to a minority government.

Foreign Policy: Different Approaches to China

Both parties back strong ties with the U.S. Nevertheless, they differ on China. Albanese has improved relations with Beijing. In 2023, he became the first Australian leader in seven years to visit China. Meanwhile, the previous conservative government took a tough stance, leading to a trade war that cost Australia billions. Although relations improved last year, tensions remain.

Ultimately, Australians will soon decide who will lead the country through these critical challenges.