Australia to invest $13 billion in energy technology to cut emissions

Australia plans to invest A$18 billion ($13 billion) over the next 10 years in technologies to cut carbon emissions in the fight against climate change.

The technology investment roadmap is the latest attempt by Australia, the world’s top coal and gas exporter, to come up with a climate and energy policy after 13 years of wrangling over carbon prices and emissions targets. At the end of 2019, the country was half way to meeting its Paris climate accord commitment to cut emissions by 26 per cent to 28 per cent from its 2005 level by 2030.