Powering the Regions Fund: Consultation Update
The Australian Government will support the decarbonisation of existing industries and creation of new clean energy industries through the $1.9 billion Powering the Regions Fund (PRF). The PRF forms part of Powering Australia, the Government’s plan for Australia to become a renewable energy superpower and meet our emission reduction targets of 43 per cent below 2005 levels by 2030, and net zero emissions by 2050.
The PRF will provide funding to help in the transition towards net zero emissions by focusing on four key areas:
1. Decarbonising Existing Industries
2. Developing New Clean Energy Industries
3. Workforce Development
4. Purchasing Carbon Credits
Giving us feedback
The government is committed to working with a wide range of stakeholders, including industry, investors, state, territory and local governments, unions, First Nations, and regional communities to understand how the PRF can be designed to support existing efforts to decarbonise, develop new clean energy industries and support workforces in Regional Australia.
You are invited to provide comments on this paper by 3 February 2023.
Consultation Document
PRF - Consultation Update Paper - January 2023 [PDF 741KB] [DOCX 229KB]
