PERTH (miningweekly.com) – The federal government has set aside A$1.3-billion of new investment in the 2022/23 Budget to maintain energy security, keep downward pressure on energy prices while reducing emissions.
Minister for Industry, Energy and Emissions Reduction Angus Taylor said the measures would further support affordable, reliable and secure energy and help Australia reach its target for net-zero emissions by 2050, without imposing new taxes or financial burdens on households, businesses or industry.
The investments will include A$300-million to support low emissions liquefied natural gas (LNG) and clean hydrogen production at Darwin, together with associated carbon capture and storage (CCS) infrastructure. Darwin is positioned to become one of the world’s leading low-cost clean energy hubs, with access to excellent onshore and offshore natural gas and greenhouse gas…