The QRC has welcomed the Federal Government’s announcement of a further $539.2 million in funding for new emissions reduction projects, calling it a necessary and pragmatic step towards helping Australia meet global emission targets.
QRC Chief Executive Ian Macfarlane said climate change is a critical global challenge and the resources sector, as Queensland’s largest export industry – was heavily invested in finding a responsible solution.
“QRC members are actively pursuing and investing in emission reduction initiatives to reduce their carbon footprint, so these new Commonwealth funds will help accelerate that progress,” Mr Macfarlane said.
“It’s also great to see the Federal Government recognise the sequestration opportunities available in Queensland like the work that Glencore and Millmerran Power Station are doing near Wandoan.
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Queensland resources sector embraces potential for hydrogen to lower emissions
More than 60 percent of CEOs surveyed for a new report on Queensland’s resources sector are considering hydrogen-related business opportunities, with 10 percent already committed to hydrogen projects.
Queensland Resources Council (QRC) Chief Executive Ian Macfarlane said more than 30 percent of member CEOs who responded to a recent sentiment survey believe hydrogen will provide an opportunity to reduce emissions in their own business, and a further 30 percent think hydrogen could help grow their business.
Mr Macfarlane said the results published in the QRC’s latest State of the Sector report show resources companies are actively looking at new technologies such as hydrogen as a way to reduce emissions to address the challenge of climate change.