The Australian Government is developing a national Technology Investment Roadmap that will drive investment in low emissions technologies to strengthen our economy and support jobs and businesses. This is a key priority on the road to recovery from COVID-19.
The release of the Technology Investment Roadmap discussion paper is the next step in the Government’s ‘technology not taxes’ approach to reducing emissions.
This roadmap will prioritise Australian Government investments in new and developing technologies. Deploying the right technology when and where it is needed will allow Australian industry to capture new opportunities.
The roadmap focuses on:
- developing technologies that will support jobs growth
- backing new industries that will help our regional communities and local economies to prosper
- putting Australia at the forefront of research and development
- maintaining our strong track record of reducing global emissions
The roadmap provides a framework for setting economic stretch goals for priority technology (e.g. H2 under $2)—to accelerate the competitiveness of priority technologies with higher emissions alternatives. Each priority technology will have its own goal, developed in partnership with industry and stakeholders.
Australia’s climate action agenda is practical and clear sighted, driven by science and technology. There is enormous potential in technologies like hydrogen, carbon capture and storage, soil carbon sequestration, biofuels, resources and energy exports to reduce emissions while strengthening our economy.
We will focus on technologies where we have a competitive advantage, in partnership with the private sector and like-minded countries.
The Government will work with industry, investors, communities and state and territory governments to drive technology outcomes through the roadmap. A Ministerial Reference Panel of industry chaired by Chief Scientist Dr Alan Finkel AO, and research leaders will advise on preparation of annual Low Emissions Technology Statements.
Help shape our low emissions future
This is your opportunity to help shape Australia’s path to a lower emissions future. Your input will help inform the development of Australia’s first Low Emissions Technology Statement. This will guide the Government’s technology investment portfolio to reduce emissions and be the cornerstone of the Long Term Emissions Reduction Strategy.
Submissions are welcome until 21 June 2020.
See a snapshot of the Technology Investment Roadmap
The roadmap outlines key technology opportunities for Australia in the short, medium and long term.