New $1 billion fund to back Aussie companies to develop low-emissions technology

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Scott Morrison says the fund is designed to fill a gap in the Australian market, where small technology-focused start-ups are often considered difficult to finance. COP26 netzero auspol

A new $1 billion technology fund to drive investment in Australian companies developing emerging low-emissions technology will be established by the federal government as part of its efforts to slash greenhouse gas pollution and decarbonise the economy by 2050.a four-day tour of Victoria

Amid fierce criticism from the federal opposition and climate advocates that the government is not doing enough to meet its international obligations, Mr Morrison said the scheme was designed to fill a gap in the Australian market, where small technology-focused start-ups are often considered difficult to finance.

Prime Minister Scott Morrison says the $1 billion technology fund is designed to fill a gap in the Australian market.Examples of technologies that could be supported include direct air capture and storage of carbon dioxide powered by renewable energy, soil carbon measurement technologies, livestock feed innovations with the potential to reduce methane emissions from cattle and improvements to solar panels.

“I’m a pragmatist. If it can work, fine. I want fewer emissions in the air and I’m pragmatic and practical about how that’s achieved,” Mr Bowen told the ABC. “[But] the government puts too much store in carbon capture and storage, [and] uses it as an excuse to avoid reducing emissions in other ways.

 

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A billion dollars eh? Must be tax payers money thrown around, again. So it is taxes not technology

Gravy train money for the friends

More announcements - given his track record this is probably just another plan to funnel taxpayer dollars to LNP donors

All Australia's best and brightest moved overseas due to the consistent under funding of pure research. Pity this didn't happen 10 years ago.

Not grants or loans? Then what If it looks, sounds and quacks like a subsidy..... But Scotty has declared no to subsidies. Then what? Telling banks/business to fund it? But Scotty has declared no to telling people what to do. Curious.

Let me guess... they'll be liberal donars..

Nothing but lies

Looks like ScottMorrisonMP is holding the hose after all 🙄

Everyone else, is already twenty years ahead of us, thanks to the incompetent bullshit of multiple governments.

Election announcement coming. Let's throw a few sheckles at the punters so they can forgive me for doing absolutely nothing over the past decade. Sorry...I did stop the boats! I did bring coal into parliament!

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