The Western Australian (WA) government has announced a $134 million funding boost towards new initiatives to reduce the state’s greenhouse gas emissions.
The funding package comes ahead of the government’s Energy Transition Summit, which will focus on WA’s journey to becoming a global renewable energy powerhouse.
As part of the funding, $60 million will go towards investment into new energy projects across the state through the flagship Investment Attraction Fund (IAF).
The IAF offers funding for projects in battery processing, renewable hydrogen, advanced manufacturing in wind and solar and carbon capture use and storage projects.
The government will also deliver a further $74 million into a range of initiatives to further state’s goal to net zero.
“WA has the potential to become a global renewable energy powerhouse – not only meeting our own net zero targets but helping our neighbours to transition away from coal to cleaner energy sources,” WA Premier Roger Cook said.
“We’re backing local industry to take advantage of the incredible opportunities in the energy transition – from battery assembly and manufacturing to hydrogen production and critical minerals processing.
“That means more local jobs, a stronger local economy, and cleaner, reliable and affordable energy for the future.”