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Sectors

Clean energy and environment protection

Australia’s clean energy industry incorporates renewable energy, energy efficiency and low emissions technologies such as carbon capture and storage. 

In the export market, Australia is recognised internationally for its project engineering expertise and research and development of new technologies in fields such as solar energy, geothermal energy and wave power.  Australia is also renowned as a high quality supplier of solar water heating systems and remote area power and hybrid systems. 

 

Abundant and diverse renewable energy resources, supported by world-class research and industry knowledge

 

Strongly supportive government policies and programs

 

Signing the Kyoto Protocol in 2007, committing to reduce greenhouse gas emissions by 60 per cent by 2050 and expanding the renewable energy target to 20 per cent by 2020 confirm Australia’s strong commitment to addressing climate change and restructuring to a low carbon economy.

 

The Australian Government is committed to help individuals, communities and businesses meet the challenges of climate change. A number of programs offer support to expand renewable energy research, manufacturing capacity and deployment, through a suite of technology innovation and market demand measures. Key initiatives are:

 

The Clean Energy Initiative consists of:

 

Rich in renewable energy resources

Australia is naturally endowed with a wealth of renewable energy resources, especially solar, wind, wave and tidal and hot dry rock geothermal energy, all of which are now being mapped by the Australian Government in an online renewable energy atlas to help planners and investors.

 

A proud history in renewable energy research & development

Australia has contributed to innovations in solar photovoltaic cell design and in solar thermal. Our universities hold world records for high performing silicon photovoltaic cells in most categories and have developed commercial technologies including the ‘Sliver Cell’. Our companies are developing large scale concentrating solar generation systems and pioneering the development of photosynthetic dye solar cells.

Australia has led the world in the development and commercialisation of solar hot water heating. Australian researchers are progressing second generation biofuels through bio-prospecting algae and biomass feed stocks.

 

Global leadership in carbon capture and storage

Australia is well positioned to assume a leadership role in carbon capture and storage, having established the world’s leading regulatory framework for CO² capture and geological storage. The legislation regulates arrangements for off-shore carbon storage and restricts private investors’ liability for carbon leakages to 20 years after carbon dioxide is sequestered, providing site monitoring is concluded. Twenty five Government and industry foundation members have joined Australia’s Global Carbon Capture and Storage Institute, based in Canberra with Government support of $100 million per annum. The Institute will oversee the goal of delivering at least 20 commercial scale CCS plants around the world by 2020.

 

Bright prospects for carbon trading services

Australia is one of the Asia Pacific region’s leading financial services hubs and has well developed expertise in carbon emissions measurement. With the Government’s introduction of emissions trading in 2010 through the Carbon Pollution Reduction Scheme, Australia will be a very competitive location for establishing carbon trading businesses to service the region.

 

Useful links

 

 

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