This strategy was published before May 2022 under the previous Australian Government.
The Technology Investment Roadmap is an Australian Government strategy to develop and deploy low emissions technologies.
It is the cornerstone of Australia’s Long-Term Emissions Reduction Plan.
A prosperous Australia, recognised as a global low emissions technology leader.
About the roadmap
The Technology Investment Roadmap sets a process to develop and deploy low emissions technologies. By focusing government investment, it aims to make these technologies cost about the same as existing high emission technologies.
- deliver low-cost, clean and reliable energy to households and industry
- increase productivity, create jobs and substantially reduce emissions from Australia’s primary industries
- expand Australian manufacturing and capture new export markets for low emissions commodities
- help Australia store carbon dioxide in soils, plants and underground reservoirs.
The government follows an enduring process to invest in low emissions technologies:
- Survey new and emerging low emissions technologies.
- Identify priority low emissions technologies. These are technologies:
- with the biggest economic and emissions impacts
- where Australia has economic, natural, technology or skills advantages
- where government can make a difference.
- Set an economic stretch goal for each priority technology. These are ambitious, but realistic, cost targets that will help the technology cost about the same as existing high emissions technologies.
- Identify pathways to meet stretch goals.
- Invest in priority technologies to help them reach their stretch goals.
- Measure how existing government investments are making a difference, and fine-tune these investments over time.
Low Emissions Technology Statements
We advance the roadmap process by publishing annual Low Emissions Technology Statements (LETS).
- reviews and refines the government’s technology priorities and goals
- reports on our progress towards these goals
- fine-tunes the government’s investment approach for the biggest economic and emissions reduction outcomes.
The Technology Investment Roadmap is an enduring process for low emissions technology investments. Annual low emissions technology statements review, refine and evaluate investments. The roadmap is the cornerstone of Australia’s Long-Term Emissions Reduction Plan.
The Low Emissions Technology Statement 2020:
- established prioritisation filters to assess low emissions technologies
- identified the first five priority technologies
- articulated a comprehensive investment framework.
The Low Emissions Technology Statement 2021:
- introduces ultra low-cost solar as an additional priority technology and stretch goal
- reviews and refines government actions and deployment pathways for priority technologies
- introduces enabling infrastructure as a new category to support priority and emerging technologies.
Read Low Emissions Technology Statements
Australian Government investments in low emissions technologies
The government will invest at least $20 billion in low emissions technologies by 2030.
The Technology Investment Roadmap is part of a whole-of-government framework to reduce emissions.
Find out about the other policies and strategies supporting the roadmap’s goals:
- Emissions Reduction Fund
- National Hydrogen Strategy
- Critical Minerals Strategy
- Future Fuels and Vehicles Strategy
- Global Resources Strategy
- Modern Manufacturing Strategy
- National Soil Strategy (Department of Agriculture, Water and the Environment)
- National Waste Policy and Action Plan (Department of Agriculture, Water and the Environment)
- Integrated System Plan (Australian Energy Market Operator)
- Post-2025 Electricity Market Design (Energy Security Board).
Technology Investment Advisory Council
The Technology Investment Advisory Council advises the government on low emissions technologies under the roadmap.
The council is made up of leaders from science, business, technology and government. It is chaired by Dr Alan Finkel, Special Adviser to the Australian Government on Low Emissions Technology.
- Have your say on the next Low Emissions Technology Statement
- The roadmap is the cornerstone of Australia's Long-Term Emissions Reduction Plan
- The government established the Technology Investment Roadmap in a discussion paper in May 2020
- The Special Adviser to the Australian Government on Low Emissions Technology is driving the Technology Investment Roadmap
- See how we’re growing Australia’s hydrogen industry through the National Hydrogen Strategy
- Find out about Australia’s climate change strategies
- Read emissions reduction news
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