Australia has begun a consultation on the development of an inaugural national road map to inform the next series of investment and policy decisions in the bioenergy sector.
Minister for Energy and Emissions Reduction Angus Taylor announced the plan together with the Australian Renewable Energy Agency (ARENA).
Bioenergy Australia CEO Shahana McKenzie said: “There are big challenges in recovery from the recent devastating bushfires and now the COVID-19 crisis.
“This presents us with a critical opportunity for Australia to invest in developing domestic industries such as the bioenergy sector for significant and sustained job creation, economic stimulus, while also boosting our self-sufficiency in fuel, gas and energy and other key industries such high value products and chemicals such as medical grade ethanol used in hand sanitiser for our front-line workers.
“The roadmap will identify the role that the bioenergy sector can play in Australia’s energy transition and in helping Australia meet its emission reduction commitments, while leveraging the significant and multi-faceted opportunity - offering at a minimum $3.5 to $5 billion (€1.8 billion to €3 billion) investment opportunity, mostly in regional economies.”
Agriculture, farming, human habitation and forestry wastes and residues, manures and sludges, rendered animal fats and used oils will be looked at. These can be converted to produce electricity, heat, gas, liquid fuels such as aviation bio jet fuel and bio-based products.
As part Bioenergy Australia’s contribution to the roadmap development in the coming months, a Clean Economic Recovery Package has been launched for government consideration as part of how the bio-economy can and is ready to play a key role in Australia’s economic reset post-pandemic. This largely ignored industry in Australia can provide the perfect opportunity in transitioning fossil-based economies and struggling regional centres into thriving economic centres.
The Bioenergy Australia Clean Economic Recovery - the development of a Clean Futures Target and Bio Industries Fund for Australia - will provide substantial and sustained job creation, especially in regional Australia.
Popular News Stories
LATEST VIDEOHow sustainable aviation fuel (SAF) is making its way in the aviation sector