The Australian government has announced it will allocate around $540 million (US$420 million) towards hydrogen and carbon capture projects. As part of the budget for the next fiscal year, the investment will see the development of clean energy technologies that reduce carbon emissions. It is estimated to create around 2,500 jobs for Australia. “It is essential we position Australia to succeed by investing now in the technologies that will support our industries into the future, with lower emissions energy that can support Australian jobs,” Australian Prime Minister Scott Morrison said. Leading up to the Leaders’ Climate Summit, chaired by U.S. President Joe Biden, Morrison announced that Australia would chart its own course to a lowered emissions economy by developing new technologies, and not through punitive taxes. “The key to meeting our climate change ambitions is commercialisation of low emissions technology,” Morrison told a Business Council of Australia dinner on Monday. …