Australia's Technology Investment Roadmap – consisting of annual Low Emissions Technology Statements (LETS) – outlines the Commonwealth Government's investment approach to accelerate the development and commercialisation of priority low emissions technologies to decarbonise the nation's economy.
In February, NERA submitted a consultation response to inform the development of LETS 2022, following the release of the first Statement last year.
Our submission outlines key areas in which Governments can significantly boost low emissions technology development and deployment and recommends measures to incentivise investment and support demand growth.
We identify emerging low emissions technology prospects that align with Australia's competitive strengths, plus opportunities to help Australian businesses make a more significant contribution to global technology manufacturing value chains.
Finally, we highlight how governments, industry and researchers can work together more effectively to decarbonise Australia's economy at the rapid pace required to achieve net zero targets and become a global leader in low emissions technology and expertise.