Overview
The Superpower Institute has submitted a response to the Low Carbon Liquid Fuels (LCLFs) Consultation paper that was released as part of the new Future Made in Australia Act. The Low Carbon Liquid Fuels industry will need dedicated funds to appropriately manage its development and incentivise sustainable growth of green fuels as part of the FMIA rollout. TSI has committed significant work in this area through industry consultation, research and development expertise. Australia’s comparative advantages of ample land that is well-suited to growing marginal energy crops makes it an excellent place to develop new industries in green fuels and negative emissions technologies, supported by Comprehensive Carbon Accounting and the new Nature Repair Bill.
The Superpower Institute supports the government’s Future Made in Australia (FMIA) initiative, seeing it as a critical step to unlocking green exports opportunities that will form the basis of future economic prosperity and underpin a key part of global decarbonisation efforts.
Our LCLF submission covers five topics:
- The barriers to accessing LCLF opportunities and how to address these
- LCLF in the context of Treasury’s National Interest Framework for the FMIA
- An overview of significant LCLF opportunities for Australia
- Recommendations on production-side policy support
- The importance of comprehensive carbon accounting and low-cost measurement
