Australia and the United Kingdom (UK) have today (July 29) inked an agreement to make low emissions technologies, such as clean hydrogen and carbon capture, globally scalable and commercially viable.
Part of an effort to increase competitiveness of industry, reduce emissions and support economic growth, the deal will see the countries focus on research and development across six key clean technologies.
Clean hydrogen, carbon capture and use (CCU), carbon capture and storage (CCS), small modular reactors including advanced nuclear designs and enabling technologies, low emissions materials and sail carbon measurement are the six chosen know-hows.
Minister for Energy and Emissions Reduction Angus Taylor said the partnership is aligned with Australia’s technology-led approach to reducing emissions and will help deliver on the goals of the Technology Investment Roadmap.
Minister Taylor and Business Secretary Kwasi Kwarteng signed the letter of intent.
“Australia is continuing to drive practical international partnerships to get new energy technologies to commercial parity with existing approached,” Minister Taylor said at the signing.
“Getting new energy technologies to parity will enable substantial reductions in global emissions – in both developing and developed countries – and ensure countries don’t have to choose between growth and decarbonisation.”
“Collaborating more closely with key partners like the UK means we are positioning Australia to succeed by investing in the new technologies that will support industry, create jobs and reduce emissions.”