Australian businesses will receive federal government grants to find ways to reduce greenhouse gas emissions.
The government will use the $200 million Clean Technology Innovation Program to distribute grants on a matching basis, providing 50 per cent of the project cost.
Supported projects may include generating energy from wind, solar, wave, tidal, hydro and geothermal power, as well as biofuels, cogeneration and low emissions uses of coal.
It is also aimed helping companies develop and commercialise technologies to improve energy efficiency in water treatment and waste management.
Minister for Industry and Innovation, Greg Combet said the government is looking for innovative projects involving applied research and development, proof of concept or early stage commercialization activities.
"This is an important part of the Gillard Government's plan for a Clean Energy Future and will help create new business opportunities, new industries and new jobs," Mr Combet said.
Mr Combet said developing clean technologies and associated services including low emission and energy efficient solutions is the aim of the program.
"It is about getting new products and services into the marketplace so households and businesses can reduce greenhouse gas emissions and prosper in a low carbon global economy," Mr Combet said.
Federal Member for Robertson, Deb O'Neill this funding is a “great opportunity” for innovative local firms to access grants ranging from $50,000 to $5 million to improve Australian industry's competitiveness.
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