Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Australian govt targets renewable energy industry

The Australian Minister for the Environment and Heritage, Senator Robert Hill, and the Minister for Industry, Science and Resources, Senator Nick Minchin, launched a strategic policy framework this week that aims to achieve a sustainable and internationally competitive renewable energy industry with annual sales of $4 billion by the year 2010.

"New Era - New Energy" is the latest in a series of industry development strategies developed under the Government's Action Agenda initiative which has seen the Government work with various industries to develop roadmaps to future growth.

"Designed to underpin a new era for Australia's renewable energy industry, this Action Agenda has established five key strategies to achieve the industry's vision; market development, building community commitment, building industry capability, establishing the policy framework and encouraging a culture of innovation," Senator Minchin said.

"This Action Agenda will improve the industry's capacity to deliver jobs, exports and economic diversification for regional areas, and to provide greenhouse gas abatement in the longer term."

Senator Hill said the Action Agenda supported the Government's environment and industry development goals.

"This shows a clear recognition that the Commonwealth's greenhouse response policies will not only ensure better environmental outcomes, they also represent significant market drivers for the industry," Senator Hill said.

Regional President of BP Amoco and Chairman of the Industry Leadership Group, Mr Greg Bourne has welcomed the development of this Action Agenda.

"Globally, the renewable energy industry is destined to grow rapidly over the next decade. This Action Agenda lays the foundation for the industry to capture a substantial share of this growth and to punch above its weight.

"A clear message from the Action Agenda is for industry to focus its efforts on providing clean, reliable and low cost energy solutions that meets customer needs," said Mr Bourne.

Complementing the Action Agenda is a $387 million package of Commonwealth Government assistance to support the growth of the industry.

It is anticipated that the $6 million industry development component of the Renewable Energy Commercialisation Program will be an important vehicle for Commonwealth Government funding of several of the Action Agenda initiatives.

The full report of the Renewable Energy Action Agenda is available on the Industry, Science and Resources website: www.isr.gov.au/agendas

Contact:
Steve Ronson, Senator Minchin's office, 02 6277 7580
Rod Bruem, Senator Hill's office, 02 6277 7640
CMR265-00

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Elsewhere:


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>

ALSO:


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>

ALSO:

Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>