|Agency||•Department of Resources Energy and Tourism|
|Funding||AUD 500 million|
|Related Policies||Securing Australia's Energy Future - White Paper on Energy|
|Policy Superseded by||Renewable Energy Fund
National Low Emissions Coal Initiative
•RD & D
•Multiple Renewable Energy Sources
|Policy Sector||•Multi-sectoral Policy|
|Size of Plant Targeted||Large|
|Description||The Low Emissions Technology Demonstration Fund supports the demonstration of new, large-scale, low-emissions technologies that indicate significant long-term abatement potential. The fund includes those renewable energy technologies that can demonstrate the potential for wide uptake.
These technologies must have the potential to lower Australia's emissions by at least 2% in the long term at realistic uptake rates, and be commercially available by 2020 to 2030. The fund is designed to facilitate private sector investment of at least AUD1 billion, and provides a path by which industry can invest in a low-emissions future. It is aimed at supporting technologies at the commercial and demonstration stage, when required investments are large and risks remain high.
While there will be no further funding rounds under this programme in 2008, funded projects will continue.