Australia's energy transition offers a rare chance to enhance economic stability and create jobs, drawing lessons from Norway's successful sovereign wealth fund established after its oil discovery in 1969. The current reliance on raw commodity exports subjects Australia to boom and bust cycles, generating fewer jobs per dollar. To ensure a prosperous future, Australia must shift its focus towards value-added exports, which promise steadier income and broader economic activity. The Albanese government's 'Future Made in Australia' agenda is a step in the right direction, but it must prioritize labor standards and support for legacy industrial regions. Re-skilling initiatives should be funded, and workers transitioning from fossil fuel industries to green sectors should not face wage cuts. Inaction risks economic decline and volatility, leaving many regions vulnerable. The urgency to adapt is clear, as global markets are shifting towards decarbonization, and Australia must seize this opportunity to secure a sustainable and prosperous future for its workforce.