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Clean energy export and trade included in Budget

Clean energy export and trade included in Budget article image

The Federal Government has allocated $4.5 billion in funding for their Clean Energy Initiative in the latest Budget, including close to $15 million over three years  for export and investment as part of the Clean Energy Trade and Investment Strategy. The $4.5 billion will support technology and jobs in the cleantech sector and is designed to stimulate economic activity in this area as well as help Australia reach its future emissions targets. Coal, solar and technology research were the big winners in this space. The government's trade strategy will focus on linking businesses to global commercial opportunities through inbound investment and exporting. "Australia has the potential to become a world leader in clean energy and related technologies," said Minister for Trade Simon Crean. "With the global recession creating a more competitive market for investment attraction, the strategy will lift Australia's profile as a destination for investment in clean energy." The strategy will be implemented by Austrade, encompassing renewable energy, carbon capture and storage, energy efficiency, water technologies, sustainable urban design, and waste management, to export markets such as China, India, ASEAN, Latin America and the Middle East.

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