The Technology Investment Roadmap Discussion Paper released today will accelerate emissions reduction in Australia through a sensible and systematic approach based on current and future low emissions technologies which offer the best prospects for Australia.
The MCA has always advocated for a genuinely technology-neutral approach to reducing emissions which embraces global best practice and the adoption of carbon capture, utilisation and storage (CCUS) and advanced nuclear technology as well as renewables, gas, coal with CCUS and pumped hydro.
The Roadmap reflects the latest international developments and when combined with the King Review into additional sources of low cost abatement, will play an important role in Australia meeting its international commitments under the Paris Agreement.
A technology-neutral approach and adoption of the best available technology will help Australia play its part in reducing emissions while providing energy security so key industries such as mining and minerals processing remain internationally competitive.
In the longer term, a sensible and measured energy policy will also support the industries and jobs of the future through further development of mineral processing, clean hydrogen with CCUS and advanced nuclear technologies such as small modular reactors.
The global transition to low emissions technologies – including renewables, battery storage and electric vehicles – depends on the metals and raw materials provided by the minerals sector.
Australia’s world-leading sustainable resources sector has been at the forefront of developing and deploying the low emissions technology which is central to Australian and global efforts to address climate change.