The Low Emissions Technology Commercialisation fund will help businesses continue to lead the transition to net zero, Business Council chief executive Jennifer Westacott said.
“Businesses are already leading this transition; this fund will help them do even more.
“Australian companies are making investments, transforming processes, and innovating to drive a clean energy future.
“The new fund will help harness business know how and investment to innovate and drive down emissions at the lowest possible cost.
“We welcome the government’s emphasis on the crucial role that business will play to accelerate the transition to a lower emissions economy.
“Our most critical goal is delivering net zero emissions with more jobs and supporting the regions, so we’ll need to take advantage of every innovation to get us there.
“Adopting a technology-neutral approach gives us the best chance to scale up and deploy new technologies that will strengthen existing industries, create new ones and transform our economy.
“Businesses will continue to work with the government to reduce emissions, leave Australians better off and build even stronger regions.”