Funding available for NSW Businesses to future proof by lowering emissions
$750 million NSW Government program aimed at helping business cut carbon
New South Wales will become a world leader in low emission industries thanks to an unparalleled $750 million NSW Government program aimed at helping business cut carbon.
The Net Zero Industry and Innovation Program will support the development of new clean technologies, create world-leading centres of research and development and help existing industries future-proof their operations.
Funding focuses on three key areas:
· $380 million to support existing industries to re-tool with low emissions alternatives and future proof their businesses;
· $175 million to set up low carbon industries such as green hydrogen to create the jobs of the future; and,
· $195 million to research and develop new clean technologies so we decarbonise in ways that grow the economy.
The program is a cornerstone element of the NSW Government’s Net Zero Plan Stage 1: 2020-2030 and leverages existing NSW Government initiatives including Renewable Energy Zones, and Special Activation Precincts.
Expressions of interest for the program are open, with businesses and industry encouraged to register online.
For more information visit the Energy NSW website here.