Australias Clean Energy Superpower Vision Moves Closer With Federal Budget Plans
Wind Power News 1:20 pm on May 14, 2024
The Australian federal government has announced its commitment to becoming a clean energy superpower by investing A$22.7 billion over the next decade into technologies critical for net-zero transformation, including renewable hydrogen and low-carbon tech. This budget prioritizes faster permitting and domestic manufacturing of renewables while fostering offshore wind projects.
- Net Zero Investment: A$22.7 billion committed over a decade for critical technologies.
- Offshore Wind Projects: Funding to prioritize project approval and environment impact assessments.
- Renewable Hydrogen Production Incentive: A 75% refund on bidding fees for successful renewable hydrogen projects.
- Domestic Manufacturing Boost: Initiatives to advance domestic manufacturing of renewables and related tech.
- Community Engagement and Green Bonds: Improved community relations in new clean energy infrastructures and upcoming green bonds.
https://www.windpowermonthly.com/article/1872600/australias-clean-energy-superpower-vision-moves-closer-federal-budget-plans