The federal government has vowed to spend an extra $539.2 million on new “clean” energy projects, which Prime Minister Scott Morrison says will create 2500 jobs and drive down greenhouse gas emissions.
The announcement comes just days before US President Joe Biden’s climate summit, where 40 leaders, including the PM, will be asked to explain what they are doing to curb climate change.
First of all, what’s being promised?
In the May budget the Government will allocate:
- $275.5 million towards developing four more hydrogen production hubs in regional areas.
- $263.7 million towards carbon capture and storage (CCS) projects and hubs.
Mr Morrison has declared “commercialising low emissions technologies” is key to Australia moving towards net zero…