NERA (National Energy Resources Australia) has welcomed the Federal Government’s announcement of a $90 million Future Fuels Cooperative Research Centres (CRC) program.

According to NERA chief executive Miranda Taylor additional investment in future fuels research and development is critical to ensure Australia successfully and sustainably transitions towards a low-carbon economy.

“NERA actively supports the transformation towards a more diverse energy mix and works with industry partners across the supply chain to create partnerships with clean and renewable technologies,” Taylor said.

“A decarbonised energy future cannot be achieved without supporting Australia’s traditional energy resources sector and leveraging Australia’s global competitive advantage, existing infrastructure, assets and technology into a smart, high value and sustainable domestic energy sector that can reliably meet Australia’s future energy needs.

Taylor says NERA’s looking forward to working productively with the Future Fuels CRC and continuing to engage with industry to support sustainable development and initiatives across oil, gas, coal seam gas, coal and uranium industries.

As the Industry Growth Centre focused on Australia’s energy resources sector, NERA suggests works across the energy resources supply chain will create opportunities for collaboration and innovation to improve competitiveness and unlock a potential $10 billion in value for the Australian economy.