SYDNEY : Australia will set up a AUS$1 billion fund to invest in companies to develop low-emissions technology, Prime Minister Scott Morrison said on Wednesday, as the country seeks to cut carbon emissions and hit net-zero targets by 2050.
"Our plan to reach net zero by 2050 is an Australian one that's focused on technology not taxes and this fund backs Australian companies to find new solutions," Morrison said in a statement. The move came a day after the federal government pledged AUS$178 million to ramp up the rollout https://www.reuters.com/business/autos-transportation/australia-accelerate-rollout-charging-stations-electric-cars-2021-11-08 of hydrogen refuelling and charging stations for electric vehicles.
Source: News Formal (newsformal.com)
Slow down not much as the ice already melt in the North Pole.