Low Emissions Technology Demonstration Fund
The Low Emissions Technology Demonstration Fund (LETDF) supports the demonstration of new, large-scale, low-emissions technologies that indicate significant long-term abatement potential. The fund includes those renewable low-carbon energy technologies that can demonstrate the potential for wide uptake. These technologies must have the potential to lower Australias emissions by at least 2% in the long term at realistic uptake rates, and be commercially available by 2020 to 2030. The fund is designed to facilitate private sector investment of at least AUD1 billion, and provides a path by which industry can invest in a low-emissions future. It is aimed at supporting technologies at the commercial and demonstration stage, when required investments are large and risks remain high. While there will be no further funding rounds under this programme in 2008, funded projects will continue. The LETDF solar project is being administered by the Australian Renewable Energy Agency. The Gorgon CO2 storage project, which began injecting CO2 in 2019, received AUD 60 million funding from the LETDF. The project is part of the Gorgon liquefied natural gas (LNG) plant, which was approved by the Government of Western Australia (in the Barrow Island Act) on the condition to capture and store the reservoir CO2, which is dissolved in the extracted gas and needs to be separated prior to liquefaction.
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