1301.0 - Year Book Australia, 2012
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 24/05/2012
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Statistics contained in the Year Book are the most recent available at the time of preparation. In many cases, the ABS website and the websites of other organisations provide access to more recent data. Each Year Book table or graph and the bibliography at the end of each chapter provides hyperlinks to the most up to date data release where available.
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ARTICLE – BUSINESS EXPENDITURE ON ENERGY RESEARCH AND EXPERIMENTAL DEVELOPMENT
Research and experimental development (R&D) expenditure is important in fostering innovation, in order to increase productivity. In 2009–10, businesses in Australia spent $16,685 million on R&D, of which $2,722 million (16%) was directed to energy-related R&D as classified by socio-economic objective (SEO). The SEO classification allows R&D activity to be categorised according to the intended purpose or outcome of the research, rather than the processes or techniques used in order to achieve this objective. The SEO reflects the dominant beneficiary or beneficiaries of the research output.
Business expenditure on R&D is further classified to different energy sources and stages of the energy supply chain (graph S19.1). In 2009–10, R&D directed to the SEO, Mining and extraction of energy resources, totalled $1,542 million or 57% of total business expenditure on energy R&D. Mining and extraction of energy resources covers R&D directed towards mining and extraction of energy mineral resources (such as coal, oil and gas) as well as the extraction of geothermal energy.
From 2007–08 to 2009–10, business expenditure on R&D related to energy SEOs increased by 30%, compared to an 11% increase in total business expenditure on R&D. Within energy SEOs, the increase was predominantly related to activities supporting Mining and extraction of energy resources (graph S19.2) which rose by $373 million (or 32%) between 2007–08 and 2009–10.
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