Carbon tax: grants for companies to improve energy efficiency

Improving energy efficiency will be one of the key ways for many businesses to manage the cost impacts of a carbon price.

That’s the Government’s expectation and it promises to help businesses identify and implement technologies that will improve energy efficiency and reduce their vulnerability to changing electricity prices.

A $40 million program will provide grants over four years to industry associations and non‑government organisations that work with small businesses and community organisations.

These groups will deliver information about the impacts of a carbon price on small businesses and community organisations and practical steps to manage these impacts.

As part of the Clean Technology Program, the Clean Technology Investment Program will provide grants to manufacturers totalling up to $800 million over seven years, enabling firms to invest in energy‑efficient capital equipment and low‑pollution technologies, processes and products.

Image: science.howstuffworks.com

Leave a Reply