All systems go to make it happen!Minister for Energy and...

All systems go to make it happen!

Minister for Energy and Emissions Reduction Angus Taylor said the Government was backing practical, technological solutions to reduce emissions, not big new taxes.“The Government’s investment will reduce technical and commercial barriers to deploying these technologies. It will encourage new large-scale investment from the private sector, creating jobs and supporting Australia’s economic recovery, particularly in regional areas,” Mr Taylor said.“It's a tangible example of our commitment to being a low emissions technology leader and reducing emissions through technology not taxes, or imposing costs on households, businesses or the economy.“Australia’s potential to supply our trading partners with low cost, clean energy and permanently and safely store emissions underground has our trading partners, including Japan, South Korea and Singapore excited.”Hydrogen is seen as the next big resource export for Australia and is being touted as the clean energy source of the future.It is expected a fully functional hydrogen industry in Australia could create 10,000 jobs and generate $11 billion a year.The Government is actively pursuing opportunities to collaborate on low emissions technologies with Germany, Japan, Singapore, South Korea, the United Kingdom and the United States.