Australia and the United Kingdom will work together to make low emissions technologies globally scalable and commercially viable.
Cooperation will focus on research and development across six key technologies including:
- clean hydrogen
- carbon capture and use (CCUS)
- carbon capture and storage (CCS)
- small modular reactors
- low emissions materials including green steel and soil carbon measurement.
The Hon Angus Taylor MP, Minister for Energy and Emissions Reduction, said this partnership will help deliver on the goals of the Technology Investment Roadmap.
‘Collaborating more closely with key partners like the UK means we are positioning Australia to succeed by investing in the new technologies that will support industry, create jobs and reduce emissions,’ the Minister said.
The government has expanded the functions of the Australian Renewable Energy Agency (ARENA) to support next-generation low emissions technologies. ARENA's mandate enables the agency to stimulate investment towards Technology Investment Roadmap goals and energy efficiency measures.
The government has committed $565.8 million to build international technology partnerships that make low emissions technologies cheaper. Partnerships have already been established with Germany, Singapore and Japan.
Dr Alan Finkel AO, in his role as Special Adviser to the Australian Government on Low Emissions Technology, continues to play a brokering role for Australia.
$565.8 million commitment to build new international technology partnerships Australian Government
Technology Investment Roadmap Australian Government
Image: Dr Alan Finkel