none
none

AUSTRALIA WILL COMMIT THOUSANDS TO IEA CHINA CENTRE

10-02-2016
by 
in 

On Tuesday the Hon Julie Bishop, and the Minister for Resources, Energy and Northern Australia, the Hon Josh Frydenberg MP, announced in a press release, that there will be funding for the International Energy Agency (IEA) China Centre,

Bishop, the minister for Foreign Affairs has said that the $260,000 in funding would help create closer connections with China and the IEA.

This decisions has come after the visit of Executive Director of the IEA, Dr Fatih Birol in Canberra earlier.

The IEA is a leading energy policy authority with 29 member countries and Australia has been a member since 1979. 

“Effective global energy governance requires closer engagement between the IEA and economies in our region” Minister Bishop said.

“Today’s announcement will support China’s engagement and participation in IEA activities.” She continued.

Minister Frydenberg has praised the commitment ad the establishment of the IEA by saying,

“The IEA China Centre will strengthen the relationship between China, the world’s largest energy user, and the IEA on energy markets, research and technology development.”

“Australia’s funding represents an important investment and show of faith of the greater role that our region will have in global energy markets and the requirement for closer engagement with the IEA,” he continued.

“Member country contributions such as Australia’s are voluntary and therefore crucial in the Centre’s establishment and operation,” Minister Frydenberg said.

With China having extensive energy research institutes, associated with a variety of ministries, businesses and universities, the announcement will provide access to analysis on China’s energy issues, the press release said. 

Related news & editorials

  1. Lots of moneyb
    06.02.2018
    06.02.2018
    by      In
    Confidence continues to rise as Australian businesses predict healthy profits well into the year, according to illion’s latest Business Expectations Survey. The preliminary survey for the June quarter sees the Business Expectations Index rising by 31% over the previous year.
    Business confidence has... Read More
  2. Australian manufacturing
    01.02.2018
    01.02.2018
    by      In
    The inexorable rise of the Australian Performance of Manufacturing Index during 2107 has continued into the new year with production leading the way. The AI Group’s Australian PMI has come in at 58.7 in January 2018, showing an increased level of growth, and the production subindex jumped to 62.7,... Read More
  3. Belgian cement works
    31.01.2018
    31.01.2018
    by      In
    Australian technology company, Calix, has secured EUR3.4 million in working capital from Efic to build the CO2 capture facility for the Low Emissions Intensity Lime and Cement (LEILAC) project in Belgium.
    Efic, the Australian Government’s export credit agency, is a specialist financier that... Read More
  4. Lots of money
    24.01.2018
    24.01.2018
    by      In
    This year looks likely to be the last chance for small businesses to take advantage of the Federal Government’s $20,000 instant asset write-off. So any business with an annual turnover of less than $10 million has until 30th June 2018 to make a qualifying investment.
    The scheme originated in the... Read More