Low Emissions Technology Statement
The CEFC works to deliver policy outcomes for the Australian Government by supporting the development and commercialisation of priority low emission technologies identified in the annual Low Emissions Technology Statements, developed under the Technology Investment Roadmap.
Australian Government LETS objectives
Accelerate the development of new and emerging technologies by making them economically competitive with established technologies, unlocking new opportunities across the country
Build on Australia’s existing role as a trusted exporter of energy, resources and agricultural products, and secure continued prosperity in a low emissions global economy
Realise a lasting partnership between industry, investors, researchers, governments and the broader community to:
- Preserve and create jobs, capture new opportunities and revitalise Australia’s regional economies
- Lower household living expenses with abundant, clean and low-cost energy
- Build competitiveness by leveraging our comparative advantages
- Attract and retain the best minds in priority low emissions technology research fields.
The CEFC is represented on the Technology Investment Advisory Council (ex officio) by Chair Steven Skala AO, with senior staff involved in associated workstreams regarding investment and deployment pathways.
The first annual LETS identified five priority technologies as having significant emissions abatement and economic potential: clean hydrogen, energy storage, carbon capture and storage, low emissions materials (steel and aluminium) and soil carbon. CEFC investment commitments support a range of technologies identified in the LETS, including:
- Priority technologies (noting carbon capture and storage is a prohibited technology under the CEFC Act)
- Emerging and enabling technologies, or watching brief technologies
- Mature renewable energy technologies, making strategic investments, particularly where there is a clear market failure, where these investments secure jobs in key industries or in supporting the reliability and security of the current grid through work on enabling technologies such as distributed energy management and energy efficiency.