The Western Australian Government has entered into a $40 million partnership with the Gorgon Joint Venture to focus on funding green technology and lowering carbon emissions.
Innovation and the digital economy and science minister Stephen Dawson welcomed the multi-million-dollar landmark deal saying the new Lower Carbon Grants Program – Gorgon Fund will be used to fund innovative projects which support the decarbonisation of the economy.
A new GreenTech Hub will be established with funds of $4 million over four years, with a focus on accelerating green technologies and services in Western Australia. Modelled off the existing Government co-founded innovation hubs, the GreenTech Hub will drive entrepreneurship, build State-wide capability, and support the commercialisation of green technologies.
Innovation and the digital economy; science minister, Stephen Dawson, said “the Cook Government is committed to net zero carbon emissions by 2050 and this exciting new partnership with the Gorgon Joint Venture is another step towards reaching this goal.”
“This $40 million deal will be a massive benefit to our State and dedicated to finding and funding green solutions as we all work together towards zero emissions.”
The fund and hub contribute to the Cook Government’s plan to decarbonise WA to confront climate change and create new industries that leverage our natural assets to become a global force in renewable energy, and green and sustainable technologies.
The hub’s work program will be determined once it is formally established, with expressions of interest to operate it now open.
The initiative, led by Chevron Australia, as operator of the Gorgon natural gas project, and funded by the Gorgon Joint Venture, provides industry funds which support the Cook Government’s key goal of net zero greenhouse gas emissions by 2050.
It is expected both the grants and hub will enable further job creation as well as grow skills in both emerging and established green technologies.