New regulations brought in by the Australian Government today (July 30) will see the Australian Renewable Energy Agency (ARENA) support next generation technologies, such as clean hydrogen and carbon capture and storage, to reduce emissions in the country.
Established by the Australian Government in 2012, ARENA has a goal to improve the competitiveness of renewable energy technologies and increase the supply of renewable energy, a goal which has now been expanded.
As a result of the new regulations, from today, ARENA will play an important role in stimulating investment that will help achieve the Technology Investment Roadmap, set out by the Australian Government, stretch goals as well as energy efficiency measures.
The roadmap prioritises five new and emerging technologies for the Government to invest in. The identified technologies are clean hydrogen, long duration energy storage, low carbon materials, carbon capture and storage and new measurement technologies.
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