The Australian Government’s plan to use its Renewable Energy Agency (ARENA) to bankroll the development of low emissions technologies has been extinguished after a bill it banked on passing was blocked, stopping access to billions of dollars in funds. Last year’s 2020-21 federal budget (pdf) had allotted $1.6 billion (US$1.2 billion) to ARENA in the…
Australian Renewable Agency Blocked from Funding Low Emissions Technologies
June 23, 2021
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Asia & PacificAustraliaccsGasGas-Fired RecoveryInternationalOilSOLARTechnology Investment RoadmapwindWorld
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Australia Pledges $58.6M Towards New Gas Projects as Part of the Gas-Fired Recovery
Australia’s gas-fired recovery plan will see a further investment of $58.6 million (US$45.6 million), focusing on four main gas projects throughout Victoria. The investment will go towards several projects in the state, including two gas storage projects, the expansion of the South West Victorian pipeline, and a gas import terminal project. The funding is part…
South Australia’s $1 Billion Energy Deal Builds on Gas-Fired Recovery
April 19, 2021
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AEMOAustraliaClimate CouncilCSIROenergyGasGas-Fired RecoveryPrime Minister Scott MorrisonSouth AustraliaWorld
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The South Australian and Federal governments have signed an AU$1.08 billion (US$834 million) agreement to provide South Australians with reliable and affordable energy while maintaining emission reduction targets. The deal involves a $100 million energy grid interconnector between South Australia and New South Wales and an investment of $510 million for emissions reduction projects such…
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