Australia to set up USD740 mln fund to invest in companies to develop low-emissions technology

MOSCOW (MRC) -- Australia will set up a AD1 B (USD740 MM) 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, reported Reuters.Under the plan, the federal government will commit AD500 MM to the fund, matched by private investors, which will be used t

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