Australia’s waste industry is undergoing an important transition, requiring significant investment in equipment and infrastructure, including upgrades to existing assets, as well as the installation of new assets.
Josie French provides an overview of Government funding at both federal and state level to support the transition to a circular economy.
To address a range of issues Australian governments have committed to numerous ambitious targets such as reducing total waste generated by 10% per person by 2030 (National Waste Policy Action Plan, 2019).
Further, the waste export plan aims to ban the exports of plastic, paper and cardboard, glass and tyres by 2024.
Achieving these targets and increasing capability and capacity is a goal of the funding programs, such as the Australian Recycling Investment Fund supported by Clean Energy Finance Corporation (CEFC) which offers $100 million to support manufacturing of lower emissions and energy-efficient recycled content products.
The States have also adopted waste management, resource recovery and circular economy strategies and targets to encourage and incentivise greater ambition and improved infrastructure and performance across all Australian states.
Multiple states have implemented a waste levy that provides the financial support for offering grants. For example, in New South Wales, the waste levy supports the $465.7 million available to waste and recycling improvements. Similarly, Queensland’s $100 million resource recovery industry development program supports the diversion of waste from landfill. Under the Investment Support Grants in Victoria, grants of up to $50,000 are available for activities that reduce packaging and other waste to landfill.
The following summary provides a snapshot of relevant programs administered by Federal and State Governments:
Australian Government: https://www.environment.gov.au/protection/waste-resource-recovery
Western Australia: https://www.wasteauthority.wa.gov.au/
South Australia: https://www.greenindustries.sa.gov.au/funding
If you are interested in any of the above programs and looking for support with applying or navigating the guidelines, please contact the Equilibrium team on BH (03) 9372 5356.
This article was authored by Josie French.