Research, development and commercialisation for decarbonisation technology in NSW is being fast tracked, with a $15 million investment in the NSW Decarbonisation Innovation Hub.
NSW Treasurer and Minister for Energy Matt Kean said the Hub is a key part of the NSW Government’s goal of achieving net zero emissions by 2050.
‘As action on climate change grows internationally, there will be significant demand for new decarbonisation technologies with huge investment opportunities,’ Mr Kean said.
‘NSW is taking the lead by coordinating efforts across our research, development and commercialisation sectors. This will help us create new jobs and high-tech businesses, while developing expertise in emission reduction technology.’
Minister for Environment James Griffin said the Hub is part of the NSW Government’s Net Zero Industry and Innovation Program and will bring together researchers, industry and government to accelerate new technologies to decarbonise NSW.
‘This $15 million funding is being delivered by the NSW Environmental Trust, and as the Chair of that Trust, I’m proud to see an investment that will foster new partnerships that support major progress in our environment,’ Mr Griffin said.
‘A consortium of impressive partners will lead the Hub, including UNSW Sydney, University of Newcastle, University of Wollongong, Western Sydney University, University of Technology Sydney, Charles Sturt University, the NSW Department of Primary Industries and Climate-KIC.’
While the Hub will be based at UNSW Sydney, its activities will occur across the State with each of the partners. Additionally, the Hub will include many industry and community members who will contribute time and funds to collaborate on initiatives.
Minister for Science, Innovation and Technology Alister Henskens said collaboration will underpin the project, which will help turn innovative ideas into new industries, jobs and prosperous outcomes.
‘The recent Innovation and Productivity Scorecard proves that NSW is well placed to lead the nation when it comes to the net zero economy and this new Decarbonisation Hub will drive investment, jobs and economic growth,’ Mr Henskens said.
‘By bringing together our best and brightest minds from academia and industry, NSW can continue to develop and commercialise decarbonisation technologies to not only be used locally, but exported globally.’
The Office of the NSW Chief Scientist & Engineer will oversee the Hub’s work in the coming years, with its hosts and partners including some of the finest researchers in decarbonisation technologies across a number of sectors.