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The Morrison government’s announcement to support new investments in clean hydrogen production and carbon capture technologies offers a pragmatic pathway to mobilising these critically important technologies which can sustainably support Australia s economic interests and a net zero emissions future.
The announcement to invest a further AUS$539.2 million is a positive step in regard to the continued development of a broad portfolio of commercially scalable low-emissions energy technologies.
It strengthens Australia s national system of technological innovation which is critical to accelerate and scale-up national climate actions in support of the climate goals of the Paris Agreement.
There’s a race across the world to develop a hydrogen economy. With an abundance of natural feed stocks, Australia is well placed to take advantage of this approach.