Perth (miningweekly.com) – Australia’s energy resources sector could unlock a potential A$10-billion in value for the national economy if it pursues a number of reforms, a report by National Energy Resources Australia (Nera) has found.
In its 2018 update to the ‘Sector Competitiveness Plan’, Nera identified collaboration, increased innovation investment and the integration of autonomous and digital technologiesacross the supply chain as critical factors that will power future growth across Australia’s A$55-billion energy resources sector.
The plan outlines a ten-year vision for Australia to be a global energy powerhouse, a sought-after destination for investment and the leading source of knowledge and solutions. The plan arrives at a critical time for a sector experiencing unprecedented disruption from new technologies, unique business models and the challenge to transition to a decarbonised economy.
“We need to develop local talent, capability and capacity, and continuously find, adapt and deploy technology to remain at the forefront of automation innovation to ensure future sector growth is not left unexploited.”
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