The Federal Government has released its first Low Emissions Technology Statement, marking the first step in Australia’s Technology Investment Roadmap.

The Statement identifies five priority technologies and sets economic stretch goals for each technology. These are:

• clean hydrogen – under $2 per kilogram
• energy storage – electricity from storage for firming under 100/MWh (which would enable firmed wind and solar at pricing at or below today’s average wholesale electricity price)
• low carbon materials – low emissions steel production under $900 per tonne and low emissions aluminium under $2,700 per tonne
• CCS – CO2 compression, hub transport, and storage under $20 per tonne of CO2
• soil carbon – measurement under $3 per hectare per year

The Government expects to invest over $18 billion in low emissions technologies over the decade to 2030.

More information here