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.
Isn’t this the guy that literally brought a lump of coal to parliament?
6 years later… I hope abbot lives long enough that reality slaps him into reality.
Everytime, the unquestioning media goes along for the ride.
Why do you guys keep parroting govt propaganda? It's a proposal for a $500 Million fund, that they hope private business with cough up the other half for.
Knowingly climate control cartel is controlling the planet earth for unlimited ransom why ? Can someone stop the transformation of earth every thousand to millions of year .. this cartel should focus more on removing the PLASTIC it’s man made no one can stop volcanoes
bullshit announcement that wont do anything useful
Translation: The Govt is embezzling $1 Billion of taxpayer funds to Santos for their CCS scam.
Surely Scomo jests?! $1 billion to fix climate change?! I’ll have what he’s smoking, it must be some good shit. 😁
Repeating yet another bullshit announcement with a straight face, like it'll ever actually happen. Costello's Fairfax. The Paper That Cried Wolf.
Another hollow promise by ScottyfromMarketing
So whatever happened to technology not taxes? Isn't this fund from...gasp....taxes? 🤦♂️ But of course 9fax is forever ready with the stenography and blatant propaganda.
Morrisons Magic Money Tree. Not a penny will be spent. Thanks for your propaganda.
Time to hop ya Ute and get out of town . coalfacemorrison needs to go . Too little too late .
Borrowed money wasted
What percentage goes to CCS projects? What percentage to businesses or individuals that won't need the funds? Is this ARENA? No because Labor created that and it came with proper rules & processes, it is profitable too. Scotty needs his own fund that is better open to rorting.
Morrison on EV's: Unlike Labor I'm not going to tell Australian's what to do, what to drive. Nek Minit Indue card for all recipients of government assistance. Yes, that includes pensioners.
More tax and spend That’s at least $23 billion now - just to 2030 Talk about a ‘carbon tax’
An announcement from ScottyThePathologicalLiar isn’t worth the oxygen he used to announce it.
Is this the bush fire Billion? Or the Domestic violence Billion I can't keep up with the announcments
Another 1 billion announcements. Can't believe anyone believes the BS and spin any more.
OH FFS, will this be ANOTHER fund that either didn't exist, or NEVER ACTUALLY shells out money Will it be another cover for 'money to mates' LNP style? WHY do we keep getting the photo op smirko shots? Australia where we have a PrimeMinister for PR announcements, not ACTION
Anything like the bushfire fund? The fund you’re having when you’re not having a fund.
Where’s the $4.7b announced for bushfire relief please Mr Costello
Fantastic announcement Would that be another “notional” fund? Or will Federal LNP re-invest in CSIRO? Or are only LNP donors in marginal electorates eligible to apply for funding? Even if they don’t apply, can they receive funding? Asking for a mate …..
Announcements to get back in office no plans for climate pretending. Vaccines quarantine no money spent during bus fires does not believe in electric cars indue card disability aged care women nothing to offer but rorts and announcements
Does this photo show PM “filling” an electric vehicle?
More meaningless policy. This will be to bare minimum to get more EVs into the country
mr low hanging fruit cant avoid the main game for much longer ,,the legislated sundown for coal oil and gas ,and it wont only be him it will be the world leaders that count
Is that like the $4b fund for the bushfire victims of which $0 has been spent more than 2yrs after the devastating fires?
Debt and Deficit Disaster D³
So give the companies which pollute money to look at how to maybe sorta pollute a little less? Let’s give them a financial reward for refusing to do anything about it for so long. Sounds super. Any other problems of their own making we can reward companies for?
Look where the power comes from to charge EVs
Don’t confuse activity with productivity
Actual fund, or “notional” like the (non-existent) bushfire recovery fund?
Corporate welfare is an epidemic under right wing governments.
'Examples include direct air capture and storage of carbon dioxide powered by renewable energy, soil carbon measurement technologies, livestock feed innovations and improvements to solar panels.' So still mostly supporting their narrow agenda. Just fund science and the CSIRO.
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