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19 May 2021 6:00 GMT Updated 19 May 2021 6:04 GMT in Perth
The industry body representing Australia’s oil and gas industry has welcomed new regulations that will allow the Australian Renewable Energy Agency (Arena) to provide support to non-renewable projects.
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Historically, Arena has only been allowed to fund renewables projects, but the federal government introduced new regulations on Wednesday to expand the remit of the agency to include a wider range of clean energy technologies.
This will give Arena the power to provide financial support to both renewable and non-renewable low-emission technologies, including carbon capture and storage (CCS) and hydrogen.