The Federal Government’s Clean Energy Future is a chance to rejuvenate Australian manufacturing and generate new Australian jobs, says the Minister for Innovation and Industry Senator Kim Carr.
“It will complement other important reforms like the new R&D Tax Credit,” Senator Carr said.
“The $1.2 billion Clean Technology Program, for example, will support manufacturers to identify and implement technologies that will improve their energy efficiency.
“Programs like the Clean Technology Focus for Supply Chains and the Steel Transformation Plan will support jobs and keep Australian industry strong by providing them with incentives to invest in clean energy and energy efficiency.
“Manufacturers will respond to the carbon price by improving their production and resource efficiency and by innovating to develop low carbon products and technologies to maintain competitiveness in a changing global environment.
“Simply doing nothing is not an option, by seizing the opportunities and seizing the advantages offered under the Clean Energy Future programs Australian businesses will be able to lead the world in developing technologies for a cleaner, greener future.”
Senator Carr said apart from programs focussed on steel manufacturing and the food and foundry sectors, manufacturing would receive transitional adjustment assistance totalling $800 million over seven years under the Clean Technology Investment Program.
Additionally, the $200 million five year Clean Technology Innovation Program will support research, development and commercialisation of clean technology products, processes and services to support innovation in industry.
“I am proud of Australia’s manufacturing sector. I believe it is innovative enough and resilient enough to succeed in a cleaner and greener future,” Senator Carr said.