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$500M fund to generate low-emission future.



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11 October 2005

FUTURE

onstration Fund is g for applications to ologies.

he Energy White

Paper, will provide competitive grants in the order of $20 million and upwards to individual issions technology.

d the fund was expected to leverage an additional $1 billion in private sector

“The demonstration fund will support low-emission technologies across the full spectrum of and energy efficiency

“It’s a serious investment that will ensure Australian industry is an active and innovative partner in

Some of the technologies that could be eligible under the fund include hot dry rocks, new generation with nary and transport energy

gy sector ntial to be

available commercially by 2020 to 2030,” Mr Macfarlane said.

Environment Minister, Senator Ian Campbell, said developing low emissions technologies was he world, and finding

technological solutions is an essential component of Australia’s climate change strategy.

“Australia depends on both renewable and fossil fuel energy sources in its energy mix, and we also need to seek more efficient ways of using our energy. That is why the fund is available to all energy technologies - renewable and fossil fuel energy supplies, energy efficiency and transport.”

“Australian industry has been widely recognised for its inventiveness and it now has an opportunity to develop and drive the new generation of energy technologies,” he said.

For more information about the fund visit: www.ausindustry.gov.au (on front page)

Media contacts: Kirsty Boazman, Mr Macfarlane’s office 6277 7580, 0412 171 444 Renae Stoikos, Senator Campbell’s office 6277 7640, 0418 568 434

$500M FUND TO GENERATE LOW-EMISSION

From today, the government’s $500 million Low Emissions Technology Dem open for business with Australian Industry Minister, Ian Macfarlane, callin develop the next generation of large-scale greenhouse gas abatement techn

The Low Emissions Technology Demonstration Fund, a flagship initiative of t

Australian projects demonstrating the commcercial viability of their low-em

Mr Macfarlane sai investment in large-scale, long-term emission reduction technologies.

energy sources - ranging from renewable energy initiatives to fossil fuel technologies,” he said.

securing a low-emissions future for our nation.”

renewable energy technologies like large-scale solar concentrators, coal-fired carbon capture and storage, and energy efficiency technologies in statio sectors.

“The key criterion will be the ability of the technology to reduce Australia’s ener emissions by at least two per cent per annum over the longer term, and the pote

one of the most pressing challenges facing economies throughout t