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QRC welcomes tech-driven approach to reducing emissions
The Queensland Resources Council (QRC) has welcomed the Federal Government’s technology-driven approach to reducing emissions announced in last night’s budget, saying it will drive new investment into this crucial area for resources.
$1.2 billion has been allocated towards establishing international partnerships on low-emissions technology projects and to support hydrogen and carbon capture use and storage initiatives.
A further $1.6 billion over 10 years will encourage investment in technologies (identified in its Technology Investment Roadmap and Low Emissions Technology Statements), grow new export industries, create jobs and reduce emissions
QRC Chief Executive Ian Macfarlane said the resources sector is committed to meeting the challenges of climate change and reducing emissions.