BACK
30 Jul 2021

New ARENA Remit Another Step Towards Accelerating Emissions Reduction

Download media release

Aligning the Australian Renewable Energy Agency’s (ARENA) remit to the five key priority areas of the Australian Government’s Technology Investment Roadmap will ensure all technologies are considered to reduce and remove carbon emissions.

Low Emission Technology Australia (LETA) Chief Executive Officer Mark McCallum said the change in regulations which will allow ARENA to support critical low emission technologies was a necessary step towards accelerating Australia’s emissions reduction efforts in hard-to-abate sectors.

“This is a pragmatic move from the Australian Government and one for which we’ve been advocating for a long time,” said Mr McCallum.

“Reaching a net-zero carbon emissions future is a global challenge and one which requires all technologies and world-wide collaboration to address.

“Experts agree that carbon capture utilisation and storage (CCUS), low carbon materials and clean hydrogen all have a critical role to play in decarbonising heavy industries and meeting international climate commitments.

“Focusing ARENA on the Technology Investment Roadmap’s priorities will give much greater investor certainty and speed up the pace of technology advancement and deployment.”

Mr McCallum said globally the interest and investment in technology like CCUS is increasing rapidly as a result of supportive funding and policy environments created by respective governments.

“Today’s announcement by the Australian Government complements its work on a CCS methodology to give these projects access to carbon credit units, and together they move us closer to establishing a low emission technology sector,” said Mr McCallum.

“Not only can we make a significant contribution to reducing emissions of today, we can also enable clean industries of the future to be opened up.”

 

ENDS

Media enquiries: Kate McNamara
E: kate.mcnamara@letaustralia.com.au
T: +61 456 548 881

Subscribe

Thank you for subscribing.

Why are you visiting LETA today?

We must embrace all types of technology to solve one of the greatest global challenges of our time - climate change

Learn about low emission technologies - LETs - and how they are part of the solution.

Q: Keeping carbon emissions in check to support our way of life takes a little...

Q: Low emission technologies are advanced technologies that can…

Q: Which country has been using LETs for decades?

Thinking forward

We're innovating to connect the way we live today, to a net-zero emissions future.

Explore more