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BUSINESS EXPENDITURE ON ENERGY RESEARCH AND DEVELOPMENT
1.1 SELECTED SOCIO-ECONOMIC OBJECTIVES (SEO) OF R&D, BY ECONOMIC SECTOR
Coal, natural gas and oil are the major players in Australia’s energy mix, and they are also the major contributors to research in the Energy SEO. In all, the mining industry spent $1,469 million on energy research in 2007-08, roughly 73% of the total for businesses.
The two predominant industry subdivisions within the mining industry are Oil and gas extraction and Coal mining, each accounting for 34% of total Energy R&D in Australia. Petroleum and coal product manufacturing is the major contributor of energy research in the Manufacturing industry, spending over half the total for that industry.
1.2 BUSINESS R&D EXPENDITURE ON ENERGY SEO BY INDUSTRY
R&D within the Energy SEO can cover many diverse objectives across different fuel types and different stages of the energy supply chain. However, research in the Mining and extraction of energy resources SEO is predominant in Australia, totalling $1,194 million in 2007-08.
Roughly the same amount of business R&D, $132 million, was invested in Renewable energy as was invested in Energy exploration.
1.3 BUSINESS EXPENDITURE ON R&D BY ENERGY SEO
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