none

Government dangles $1bn carrot for industry to go green

31-08-2010
by 
in 
Government dangles $1bn carrot for industry to go green

The Federal Government has launched a $1 billion funding program for manufacturers to improve energy efficiency and reduce pollution.

The Clean Technology Investment Programs will provide grants to help manufacturers buy new plant and equipment, which cuts their energy costs or reduces carbon pollution.
 
The Industry and Innovation Minister, Greg Combet, launched the $800 million Clean Technology Investment Program and the $200 million Clean Technology Food and Foundries Investment Program – part of the Government’s Clean Energy Future package.
 
They will support jobs and provide incentives for manufacturers to become more efficient, more competitive and more sustainable.
 
Eligible manufacturers can now apply for funding under the programs.
 
Also, the Government will change co-contribution requirements to make the grant programs more attractive for small and medium-sized firms.
 
Manufacturers with turnovers of less than $100 million requesting funding under $500,000 will now only have to match the government grants on a dollar-for-dollar basis.
 
For all other grants under $10 million, applicants will be required to contribute $2 for every $1 from the Government.
 
For grants of $10 million or more, applicants will be expected to make a co-contribution of at least $3 for each $1 of Government support.
 
Projects that can be supported include switching to less carbon intensive energy sources or installing new manufacturing equipment, processes and facilities to reduce energy consumption and carbon emissions.
 
Information sessions on the Clean Technology Programs will be held around Australia from March.
 
For more information visit: www.ausindustry.gov.au or call the AusIndustry Hotline on: 13 28 46.

Related news & editorials

  1. 22.05.2018
    22.05.2018
    by      In
    The Sixth Wave Alliance (SWA) is a new initiative formed to develop a national robotics R&D strategy and create the critical mass required to address large-scale Australian and international challenges using robotics technologies.
    With worldwide spending on robotics expected to reach US$188... Read More
  2. 21.05.2018
    21.05.2018
    by      In
    Queensland engineering firm Fibercon is claiming a milestone in recycling, having reused more than 50 tonnes of plastic waste.
    The plastic has been used in the company’s Emesh product, which replaces steel mesh in reinforced concrete. The technology was codeveloped with researchers from Queensland’... Read More
  3. 18.05.2018
    18.05.2018
    by      In
    The latest edition of the Methods technology and solutions e-zine from Mouser Electronics focuses on digital twinning, the latest concept for design and maintenance in Industry 4.0.
    Starting with a forward from digital twinning expert Dr Michael Grieves, Executive Director of the US Center for... Read More
  4. 17.05.2018
    17.05.2018
    by      In
    The Federal Government has released an expanded overview of its 12-year national research infrastructure investment plan, marking the “next step of the innovation and science agenda”.
    The plan, prepared jointly by Education and Industry departments, will “provide Australian researchers with access... Read More