The federal government has issued $7 billion of its inaugural green bond, in a major milestone aimed at creating a sustainable finance market. The global energy transformation represents a golden opportunity for Australia and this bond is pulling more green capital into financing that opportunity, according to a joint statement from Treasurer Jim Chalmers, Climate…
A further round of speakers has been announced for Siemens’ Beyond 1% Summit, to run on July 3 and 4, including NSW premier Chris Minns, MD of Microsoft ANZ Steven Worrall, and Chief Sustainability Officer of Solar Recovery Corporation Rob Gell. Beyond 1% will take place at the Sheraton Grand Sydney Hyde Park, with the…
Miner and maufacturer Rio Tinto will invest $215 million (US$143 million) to develop a research and development facility in Western Australia to assess the effectiveness of its low-carbon ironmaking process, BioIron, to support decarbonising the global steel value chain. The development of the BioIron Research and Development Facility in the Rockingham Strategic Industrial Area south…
Technology development company Hazer Group has signed a Memorandum of Understanding (MOU) with Korea’s POSCO Steel to plan for the integration of Hazer’s technology into POSCO’s low carbon steel. POSCO, one of the world’s largest steel makers, and Hazer will develop a plan to integrate Hazer’s hydrogen production technology into POSCO’s low-carbon steel production. They…
As we come towards the conclusion of our editorial series – Towards 3% R&D – Turbocharging Australia’s Innovation Effort – we turn to the critical issue of innovation in the use of renewables for industrial process heat. Dr Mahesh Venkataraman of thermal energy storage company 1414 Degrees outlines the way forward. The decarbonisation of process…
By Michelle Grattan, University of Canberra The Albanese government is talking up the crucial role of gas as a transition fuel “through to 2050 and beyond”. In a gas strategy to be released on Thursday, the government envisages the fuel’s uses would change over time, as energy efficiency improved, renewables were firmed and emissions were…
Technology development company entX will divest a 49 percent equity stake in its Limestone Coast Hydrogen Project (LCH2 Project, pictured below) which is aiming to produce green hydrogen for Australia’s major tissue manufacturer Kimberly-Clark Australia. KCA produces the Kleenex and Viva brands at the factory, as well as professional bathroom products at its Millicent mill…
The federal government has awarded building materials group Adbri a $50 million grant as part of the Commonwealth’s Powering the Regions Fund which will speed decarbonisation of hard to abate cement production. The funds will increase capacity and production of lower carbon cementitious products at the company’s Birkenhead, Adelaide cement plant, South Australia’s largest. The…
By Andrew Blakers, Australian National University As Australia’s rapid renewable energy rollout continues, so too does debate over land use. Nationals Leader David Littleproud, for example, claimed regional areas had reached “saturation point” and cannot cope with more wind and solar farms and transmission lines. So how much land is needed to fully decarbonise energy…
Today in our editorial series – Towards 3% R&D – Turbocharging Australia’s Innovation Effort – Katherine Woodthorpe looks at the potential of innovation in low emission products for export. She argues investing in innovation and STEM skills has economic returns. In the fight against climate change, Australia and the world are at a crossroads. The…