Known as the Net Zero Industry and Innovation Program, the initiative will provide $380 million to support and re-tool existing industries with low emissions alternatives, $175 million to set up new industries such as green hydrogen and $195 million to research and develop new clean technologies.
NSW Energy Minister Matt Kean said the state was looking to make its industry more competitive while achieving a net zero objective.
“This $750 million 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,” he said.
“Almost 30 per cent of our state’s carbon emissions are created by our top 55 industrial facilities, which are critical contributors to the NSW economy.
“Supporting their move to cleaner equipment, technology and processes will significantly reduce emissions, while helping to protect jobs and maintain a resilient economy.”
For more information visit the Energy NSW website.
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