What the Clean Energy Future plan means for manufacturers

The Government’s Clean Energy Future program is part of a long term plan to reshape Australia’s economy, cut carbon pollution, drive innovation, and help avoid the increased costs of delaying action on climate change.

The Clean Energy Future website  provides information on how a carbon price, renewable energy, energy efficiency and land use to assist companies transition to a carbon price.

It is Australian Government’s official website on a Clean Energy Future and was launched by Prime Minister Julia Gillard on 10 July 2011.

 The Clean Energy Future plan

The Government’s Clean Energy Future plan involves the following initiatives:

 

Clean Technology Program

The $1.2 billion Clean Technology Program will provide support for manufacturers through the following three components.

While a carbon price will provide incentives for these manufacturers to reduce energy consumption, the Government will also help manufacturing businesses identify and implement technologies that will improve energy efficiency and reduce their exposure to changing electricity prices.

1. Clean Technology Investment Program

The $800 million Clean Technology Investment Program will provide grants to manufacturers to support investments in energy efficient capital equipment and low ‑pollution technologies, processes and products. These grants will provide practical assistance and support the incentives created by the carbon price to improve energy efficiency or use energy from cleaner sources.

2. Clean Technology – Food and Foundries Investment Program

Special assistance will be provided to the food processing, metal forging and foundry industries. These industries are trade‑exposed and have somewhat higher exposure to energy costs than general manufacturing businesses.

Through the Food and Foundries Investment Program, the Government will provide grants worth up to $150 million over six years to the food processing industry and up to $50 million over six years to the metal forging and foundry industries. The grants will assist the industries to invest in energy‑efficient equipment and low‑pollution technologies, processes and products.

3. Clean Technology Innovation Program

The Government will provide an additional $200 million over five years for grants to support business investment in research and development (R&D) in the areas of renewable energy, low‑pollution technology and energy efficiency. This funding will be in addition to the broader R&D Tax Concession and will help Australian businesses creatively work towards a clean energy future.

 

Clean Technology Focus for Supply Chains

The Minister for Innovation, Industry, Science and Research currently administers programs to provide advisory and other non‑financial assistance to businesses. These include the Industry Capability Network, Supplier Advocates and Enterprise Connect.

The Government will provide an additional $5 million over four years for the delivery of these programs to small and medium businesses in clean technology industries. This will enhance the clean technology focus of industry supply chains, which will help local businesses secure contracts for major projects.

 

Steel Transformation Plan

The Steel Transformation Plan will support innovation, investment, and production in the Australian steel manufacturing industry. In a greener economy, this will help the industry transform, become increasingly efficient and economically sustainable. The aim is to improve environmental outcomes and reduce the carbon footprint of the steel manufacturing industry.

The Government has allocated $300 million to the plan over the first four years of a carbon price.

 

Existing climate change programs

In addition to the above programs announced under the Clean Energy Future package, the Department of Innovation, Industry, Science and Research, already has a number of existing initiatives to assist business and industry address the impacts of climate change.

 

Find out more on the introduction of a carbon price and programs to help small businesses transition by visiting the Clean Energy Future website.

Information about Clean Energy Future initiatives is also available from the Department of Innovation, Industry, Science and Research website.

Visit Grants and Assistance Finder to find out what forms assistance are available to help your business become more environmentally friendly.

Information sourced: Department of Innovation, Industry, Science and Research