The Federal Government is developing a national Technology Investment Roadmap to drive a successful shift to secure, more affordable energy and lower Australia’s carbon emissions.
As part of this process, the Federal Government has released for comment the Technology Investment Roadmap: Discussion Paper and seeks comment with respect to:
- challenges, global trends and competitive advantages that should be considered in setting Australia’s technology priorities
- the short-list of technologies Australia could prioritise for achieving scale in deployment through its technology investments
- goals for leveraging private investment
- what broader issues, including infrastructure, skills, regulation or, planning, need to be worked through to enable Australia to adopt priority technologies at scale while maintaining local community support
- where Australia, including its regional communities, is well-placed to take advantage of future demand for low emissions technologies, and support global emissions reductions by helping to deepen trade, markets and global supply chains.
In particular, the Federal Government welcomes suggestions for economic stretch goals that could help establish pathways for the cost-effective deployment of priority technologies. As outlined in this Roadmap, these stretch goals would include producing hydrogen under $2 per kilogram, but could also cover the permanent storage cost of carbon capture use and storage (CCUS), biological sequestration (in soil and vegetation), firmed renewables, and long duration energy storage.
The Federal Government is interested in partnering with industry, research institutions and others with relevant commercial or technical expertise to develop these economic stretch goals, which should be ambitious, but achievable.
Your input will help inform Australia’s first Low Emissions Technology Statement later in 2020. This will guide the Federal Government’s technology investment portfolio to reduce emissions and be the cornerstone of the Long Term Emissions Reduction Strategy.
This is an opportunity to help shape Australia’s path to lower emissions and share your knowledge on challenges driving technology deployment across Australia’s economy.
Submissions close on 21 June 2020.
