The green light bulb on the Clean Technology Food and Foundries Investment webpage clearly signals the program’s status as Open for Applications.
There is a note to the left of the light bulb highlighting the Prime Minister’s recent decision to bring forward the commencement of the emissions trading scheme from 1 July 2014 and the impact this has had on the grant submission criteria.
The updated Merit Assessment fact sheet provides details on how an earlier transition to the emission trading scheme impacts the merit criterion 1 assessment of applications under the Clean Technology Food and Foundries Investment Program.
Read the Merit Assessment fact sheet here:
A Clean Technology Programs fact sheet was issued last week outlining the full impact of that decision on the Clean Tech programs as a whole. The main points include:
- Funding already committed under the programs will not be affected.
- Bringing emissions trading forward one year to 1 July 2014 means that Australian businesses are expected to face a carbon price of around $6 in 2014-15, lowering the carbon costs faced by manufacturers by around 75 per cent. The changes mean that:
- The life of the Clean Technology Investment Programs will be extended by one year to 2018-19.
- Existing projects will not be affected.
- Manufacturers with competitive applications will continue to be eligible for grants to help them invest in energy efficient capital equipment and low emission technologies.
- To date 488 grants have been approved under the Clean Technology Investment Program (CTIP) and Clean Technology Food and Foundries Investment Program (CTFFIP) valued at around $260 million and leveraging $789 million in investment by manufacturers. Twenty-five grants have been awarded under the Clean Technology Innovation Program valued at around $30 million and leveraging $61 million in investment by innovative companies.
Read the Clean Technology Programs fact sheet here:
Download the Clean Tech Food and foundry information pack from here: