Whilst the focus is on the Hydrogen the kicker for me is the potential of being in the carbon soil space as well. This is part of Australia’s plan for meeting the 2050 reduction targets so I expect generous funding and rebates for that area.
The Technology Investment Roadmap is an Australian Government strategy to develop and deploy low emissions technologies.
It is the cornerstone ofAustralia’s Long-Term Emissions Reduction Plan.
Our vision
A prosperous Australia, recognised as a global low emissions technology leader.
About the roadmap
The Technology Investment Roadmap sets a process to develop and deploy low emissions technologies. By focusing government investment, it aims to make these technologies cost about the same as existing high emission technologies.
This will:
- deliver low-cost, clean and reliable energy to households and industry
- increase productivity, create jobs and substantially reduce emissions from Australia’s primary industries
- expand Australian manufacturing and capture new export markets for low emissions commodities
- help Australia store carbon dioxide in soils, plants and underground reservoirs.
Investment process
The government follows an enduring process to invest in low emissions technologies:
- Survey new and emerging low emissions technologies.
- Identify priority low emissions technologies. These are technologies:
- with the biggest economic and emissions impacts
- where Australia has economic, natural, technology or skills advantages
- where government can make a difference.
Set an economic stretch goal for each priority technology. These are ambitious, but realistic, cost targets that will help the technology cost about the same as existing high emissions technologies. Identify pathways to meet stretch goals.Invest in priority technologies to help them reach their stretch goals.Measure how existing government investments are making a difference, and fine-tune these investments over time.
https://www.industry.gov.au/data-and-publications/technology-investment-roadmap
Under the Government's new plan, both the CEFC and ARENA will be allowed to support technologies that produce low emissions.
The plan does not say how "low emissions" would be defined, but does flag a number of technologies which it says would qualify.
They include soil carbon sequestration, where carbon is removed from the atmosphere and stored in soil; carbon capture and storage; production of "green steel"; and other ways to reduce energy use.
https://www.abc.net.au/news/2020-09-16/renewable-energy-agencies-allowed-invest-low-emission-technology/12670760
A new $1 billion fund to drive investment in Australian companies developing emerging low-emissions technology will be established by the federal government as part of its efforts to slash greenhouse gas pollution and decarbonise the economy by 2050.
Examples of technologies that could be supported include direct air capture and storage of carbon dioxide powered by renewable energy, soil carbon measurement technologies, livestock feed innovations with the potential to reduce methane emissions from cattle and improvements to solar panels.
disallowed/politics/federal/new-1-billion-fund-to-back-aussie-companies-to-develop-low-emissions-technology-20211109-p597cd.html
(20min delay)