Energy Research, Development and Innovation: EEC position statement
This report outlines the EEC’s position on energy research, development and innovation (RD&I).
RD&I are critical components of the transformation to a net zero economy. Yet this statement shows out that Australia’s expenditure on energy RD&I has fallen in recent years and now comprises just 1.68% of GDP.
The EEC is strongly supportive of a vibrant innovation ecosystem that delivers new technology, knowledge and expertise required to meet our emissions reduction commitments and a rapid, equitable and least-cost transition and many of our members are businesses at the forefront of designing and deploying innovative decarbonisation technologies.
This statement outlines our recommendations for building an integrated approach to energy RD&I.
