{"id":89105,"date":"2025-01-24T00:00:00","date_gmt":"2025-01-24T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2025\/01\/24\/australia-to-invest-aud-bns-in-energy-transition\/"},"modified":"2025-01-24T00:00:00","modified_gmt":"2025-01-24T00:00:00","slug":"australia-to-invest-aud-bns-in-energy-transition","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2025\/01\/24\/australia-to-invest-aud-bns-in-energy-transition\/","title":{"rendered":"Australia to invest AUD bns in energy transition"},"content":{"rendered":"

Australia\u2019s big green moves: <\/strong>Australia\u2019s government is injecting AUD bns in multiple subsidies and incentives programs to support its green transition. Here is what we know:<\/p>\n

#1- AUD 2 bn to support households\u2019 + small businesses\u2019 clean transition: <\/strong>The Albanese government earmarked AUD 2 bn (c. USD 1.26 bn) into the Clean Energy Finance Corporation (CEFC) to accelerate the country\u2019s shift to renewable energy, according to a statement<\/a> released on Thursday. The CEFC plans to leverage this investment to offer cost savings for households and small businesses transitioning to clean energy while unlocking an estimated USD 6 bn (c. USD 3.78 bn) in private investment from local and global entities.<\/p>\n


#2- <\/strong>USD 1.2 bn in credits for greener aluminum production:<\/strong> The country is also offering ten-year production credits worth USD 1.2 bn to aluminum producers if they switch to renewable electricity before 2036, according to a statement<\/a> issued on Monday. The move is part of the government's Future Made in Australia program, which has already pledged AUD 22.7 bn (c. USD 14.23 bn) in tax incentives for renewable hydrogen and critical minerals production starting in 2028, Bloomberg<\/a> reported Sunday. Australia is the world\u2019s sixth-largest aluminum producer<\/a>, with four smelters nationwide.<\/p>\n

Greenpeace <\/strong>victorious in nitrogen pollution case: <\/strong>A court in The Hague has ordered the Dutch government to cut its nitrogen emission by 2030 or potentially face a EUR 10 mn fine, ruling in favor of Greenpeace, Reuters<\/a> reported Wednesday. The judges found that the administration\u2019s efforts to cut nitrogen emissions by 2030 were insufficient to curb pollution from the heavy use of fertilizers and construction. The European Court of Justice made a similar ruling in 2018, as well as the Netherlands' Council of State in 2019. <\/p>\n

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n