The Australian Government will invest more than half a billion dollars into building strategic international partnerships to make low emissions technologies cheaper than high emitting alternatives.
Through the 2021-2022 Budget:
This funding will advance and support the goals of Australia’s Technology Investment Roadmap as we ramp up our effort to reduce emissions while supporting economic growth and lowering energy costs.
With partner countries, Australia will:
Getting low emissions technologies to commercial parity means developing countries won’t have to choose between growth and decarbonisation. This is the key to unlocking substantial reductions in global emissions.
Australia’s Special Adviser on Low Emissions Technology, Dr Alan Finkel will play a key role in brokering new International partnerships.
It is expected that Australia’s Technology Investment Roadmap will lead to: