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NSW Minerals Council pushes for more funding for clean coal technologies

NSW Minerals Council pushes for more funding for clean coal technologies

The mining sector is pushing for more funding for the development of clean coal technologies as Westpac is challenged over whether its climate change policy would force major coal-fired power stations and mines into banking overseas.

The NSW Minerals Council will reveal today that it is seeking a 12-month ban on all new red-tape costs, a boost for exploration investment and the streamlining of all existing fees and levies.

It is also arguing for the state government to examine how a High Efficiency Low Emissions (HELE) coal-fired plant could help secure a reliable electricity network.

In its budget submission, the NSW Minerals Council urges the state government to use a $100 million coal innovation fund to look at the option of developing HELE power plants with chief executive Stephen Galilee talking up the benefits of delivering a “low-carbon electricity network at the lowest possible price.”

The Australian

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