The Australian Government is investing in the next generation of energy technologies that will deliver lower emissions, reduced costs and more jobs.
The Hon Angus Taylor MP, Minister for Energy and Emissions Reduction, has released the government’s first Low Emissions Technology Statement. The Statement is the first milestone in Australia’s Technology Investment Roadmap.
The Statement outlines:
- priority technologies and economic stretch goals
- Australia’s big technology challenges and opportunities
- Technology Investment Framework.
Getting the technologies of the future right could support 130,000 jobs by 2030, and avoid in the order of 250 million tonnes of emissions by 2040 through technology adoption at home and Australia’s low emissions exports.
The Statement establishes 5 priority low emissions technologies – clean hydrogen, energy storage, low carbon materials (steel and aluminium), CCS and soil carbon.
‘If these technologies achieve widespread deployment globally, they will significantly reduce emissions from energy, transport, agriculture and heavy industry,’ the Minister said. ‘These sectors account for 90% of global emissions and emit 45 billion tonnes each year.’
The Statement also articulates a comprehensive investment framework to guide key government agencies (the Clean Energy Finance Corporation, Australian Renewable Energy Agency and Clean Energy Regulator) towards the priorities.
The government’s annual Low Emissions Technology Statements will be informed by advice from a Technology Investment Advisory Council comprising leaders from science, business, technology and government.
For more information, see the Minister’s media release and