Politics · Australia · 8 hrs ago

Australia to join EU research scheme as trade deal faces Senate impasse

Australia to join EU research scheme as trade deal faces Senate impasse

Australia will join the EU’s Horizon Europe research scheme, with Industry Minister Tim Ayres due to finalise the agreement in Brussels.

The scheme supports science, industry and innovation projects across Europe and with participating countries.

It shares €93.5 billion, or about $152 billion, in funding, and Australia has promised to contribute $40 million.

Australian research priorities are expected to include critical minerals, computing, energy, climate, health and space.

A University of New South Wales project with the University of Stuttgart will develop materials for generating solar power.

The EU-Australia free trade deal is stalled in the Senate as the Nationals oppose climate provisions, including a net-zero emissions target for 2050.

Ayres is urging the Coalition to back the trade deal, while the Liberals and Greens have yet to state their positions.

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What people are saying

Tim AyresIndustry Minister
This is now a very strong relationship that is all about Australia’s national interest
via SMH
You would have to have rocks in your head to oppose the EU FTA in this period, when we’re in the middle of a heightened strategic contest and trade volatility
via SMH
These are absolutely crucial deals for Australia
via SMH