The Australian Government has announced long-term funding and an expanded focus that will invest in new emerging technologies to lower emissions from industries such as oil and gas.
Prime Minister Scott Morrison has revealed a $1.9 billion investment package in future technologies to lower emissions, back jobs into the future, cut costs for households and improve the reliability of Australia’s energy supply.
The funding will also pave the way for large-scale carbon capture and storage (CCS), which the International Energy Agency (IEA) and the Intergovernmental Panel on Climate Change (IPCC) have identified as a critical technology to achieve the world’s climate goals.
Northbridge Industrial Services plc (LON:NBI) hires and sells specialist industrial equipment to a non-cyclical customer base. With offices or agents in the UK, US, Dubai, Belgium, Germany, France, Australia, Singapore, New Zealand, Brazil and Korea, Northbridge has a global customer base.