Gas and clean energy gets federal funding

The federal government has set aside some A$1.3-billion of new investment in the 2022/23 Budget to maintain energy security, keep downward pressure on energy prices while reducing emissions.

Minister for Industry, Energy and Emissions Reduction Angus Taylor said the measures would further support affordable, reliable and secure energy and help Australia reach its target for net zero emissions by 2050, without imposing new taxes or financial burdens on households, businesses or industry.