Clean Energy Initiative
The new Clean Energy Initiative will drive significant investment in a broad range of low‑emission technologies along the innovation chain and in clean energy infrastructure.
Recognising the importance of innovation in moving towards a low‑carbon future, the Government will invest $4.5 billion (including $1 billion in existing funding) in a new Clean Energy Initiative.
The Clean Energy Initiative will deliver substantial assistance to help support the development of low‑emission technologies while also building the necessary infrastructure and skills and capacity in the move to a low‑pollution future.
The Clean Energy Initiative will comprise three new core elements:
- the establishment of Renewables Australia, a new renewable technology innovation body
- investment in up to four new commercial‑scale Solar Flagship projects
- investment in large‑scale Carbon Capture and Storage (CCS) demonstration projects.
The Clean Energy Initiative will strengthen Australia's climate change response and will encourage significant innovation in clean energy generation and low‑emission technologies.
