|Policy Type:||Research, Development and Deployment (RD&D), Economic Instruments>Fiscal/financial incentives|
|Policy Target:||Multiple RE Sources>All|
|Policy Sector:||Multi-sectoral Policy|
|Size of Plant Targeted:||Large|
|Agency:||Department of Resources Energy and Tourism|
|Funding:||AUD 500 million|
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 Australias 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.
The LETDF solar proejct is being administred by the Australian Renewable Energy Agency.
|Related policies:||"Securing Australias Energy Future" - White Paper on Energy|
|This record is superseded by:||National Low Emissions Coal Initiative|
Last modified: Thu, 20 Nov 2014 18:05:26 CET