The confirmation in the Senate of the Australian Renewable Energy Agency’s (ARENA) expanded regulations to stand will significantly benefit Australia’s decarbonisation efforts.
The new regulations focus on five priority technologies outlined in the Low Emissions Technology Statement and enable ARENA to further support technologies.
ARENA’s ability to focus on emission reduction technologies for aluminium and steel, carbon capture and storage, clean hydrogen, energy storage and soil carbon will give the agency renewed impetus in supporting a pragmatic approach to delivering real emissions reductions.
It is also consistent with the Australian minerals industry’s advocacy for all technologies to be considered in meeting the challenge of lowering greenhouse gas emissions.
ARENA has become a vital institution in Australia’s efforts to drive emissions reduction and combat climate change.
Its expanded mandate adds important arrows into the agency’s quiver and further consolidates it in Australia’s climate change institutional architecture with additional scope.
The mining industry continues to support the Paris Agreement and its goal of net zero emissions and see this development as supporting that effort accordingly.
/Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here