Energy research needs $6 billion (Australian) - to achieve projected carbon dioxide reductions

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http://www.atse.org.au/index.php?sectionid=1259

Energy research needs $6 billion

Australia needs to invest some $6 billion on RD&D on new power generation technologies by 2020 to meet the challenge of achieving projected carbon dioxide reductions.

This investment, by government and industry will require follow-up expenditure on technology deployment and no single new technology for stationary energy production will achieve the projected CO2 reductions.

These are key findings of a study by the Australian Academy of Technological Sciences and Engineering (ATSE) titled Energy Technology for Climate Change – Accelerating the Technology Response.

The report was launched in Melbourne today by the Minister for Resources and Energy, Martin Ferguson.

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