Sparking clean energy innovation
Solar panels that can be painted on and 24 hour solar power plants, concrete made from waste materials that creates 90% less greenhouse pollution than regular concrete, solar panels so cheap and clever they can provide energy to the world's poorest - did you know that these are all major Australian innovations?
In fact Australia has often led the world in clean technology research and development - but too often our best innovators have to go to other countries to get funding, because politicians like Tony Abbott just don't get it. He would rather protect the interests of his friends in the polluting industries and watch highly skilled innovators and billions of dollars worth of leading Australian technology go overseas than foster them at home.
The Clean Energy Act is a game changer for Australia's clean technology innovators. With a historic investment of $13.2 billion for clean technology development and implementation, we are putting Australia firmly on the map as a smart tech nation.
There is $3.2 billion to support research and development, helping great Australian ideas for a clean economy become a reality. Then there's the $10 billion Clean Energy Finance Corporation to take those ideas and build them large-scale, on the ground - like this. The Clean Energy Finance Corporation will be passed into law next week, and will run for at least five years, to give Australian ideas the commercial support they need to become reality.
The Clean Energy Act is already creating change for the better - and July 1 will kickstart the construction of the clean energy economy in Australia. Find out more from our updates.