Low Emissions Technology Demonstration Fund

Country	Australia
Year Implemented	2004
Policy Status	Ended
Date Ended	2008
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Policy Superseded by	Renewable Energy Fund National Low Emissions Coal Initiative
Policy Type	•Incentives/Subsidies   •Grants •RD & D
Policy Target	•Multiple Renewable Energy Sources   •All
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.
URL	www.ret.gov.au