In addition to the hugely successful R&D and Export Market Development Grant Programmes - the new labour government is looking at implementing the new programmes promised in the 2023 budget
- Jobs & Skills Australia,
- establishing the $15 billion National Reconstruction Fund, and
- developing the country’s first National Quantum Strategy. developing a National Robotics Strategy.
other budget funding
- $1 billion for the Clean Energy Finance Corporation for energy efficient home upgrades
- $2 billion for a new Hydrogen Headstart programme
- $28 million over two years for Australia’s first National Climate Risk Assessment and a National Adaptation Plan
- $101 million for critical technology industries including $20 million over four years for an Australian Centre for Quantum Growth, and $40 million to incentivise business uptake
- $40 million for a National AI Centre and funding for businesses to adopt AI technologies
- $9 million for STEM education programmes
- And $20.9 million over five years for decarbonising transport and infrastructure, including developing a Transport and Infrastructure Net Zero Roadmap and Action Plan.
- $6.7 million in funding to develop a Future Gas Strategy to support a goal to reach 82 per cent renewables by 2030.
- $14.3 million to partner with the Queensland Government in R&D into reducing emissions in the energy resources sector.
- $19 billion in funding and $7.8 billion in savings on existing programmes.
- $3.8 billion for defence infrastructure in northern Australia,
- $4.1 billion for long-range strike weapons and to develop missile manufacturing capacity, and
- $3.4 billion over 10 years for an Advanced Strategic Capabilities Accelerator to spur defence industry innovation.
- Small business energy bill relief of $314 million to help up to 3.8 million SMEs save on energy bills through tax deductions for investing in the efficient use of energy
- Creation of a National Net Zero Authority to help workers and companies in polluting industries such as coal, gas or manufacturing to transition to cleaner industries
- $146.1 million to support electric vehicle uptake
- Petroleum Resources Rent Tax reform to raise $2.4 billion.
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