Published on Friday, 17 November 2023 at 1:12:00 PM

The State Government will deliver a $134 million funding boost to slash Western Australia's greenhouse gas emissions and drive new job opportunities in clean energy industries.

The funding package came ahead of the Energy Transition Summit on today, which will chart the course for WA's journey to becoming a global renewable energy powerhouse.

The boost includes $60 million to drive investment into new energy projects through the Investment Attraction Fund (IAF).

The IAF New Energies Industries round is now open, offering funding for projects in battery and critical minerals processing, renewable hydrogen, advanced manufacturing in wind and solar componentry, along with carbon capture use and storage projects.

The IAF has previously supported energy industry projects, including a high purity alumina plant for high-tech battery cells, a renewable diesel biorefinery, an electrolyser and hydrogen refuelling station network, and an advanced solar manufacturing facility.

The State Government will deliver a further $74 million into a range of initiatives to further WA's net zero ambitions, as part of its Sectoral Emissions Reduction Strategies (SERS) process launched in December 2021.

Through SERS, the State Government will inject an extra $11.2 million into its Clean Energy Future Fund, to support innovative projects that reduce WA's emissions and create local jobs.

The State Government will deliver a $6.5 million boost for its Green Energy Approvals Unit, to slash green tape and fast-track approvals for major job-creating clean energy projects.

To help WA's regional communities reach net zero, around $31 million will be invested through Horizon Power to deliver cleaner, reliable and affordable energy.

The investment will deliver five new community batteries in Kununurra, Esperance, Exmouth, Carnarvon, and Denham, as well as two long-duration energy storage trials in microgrid locations, and a new team to deliver renewable energy across Horizon powered towns.

The State Government is developing SERS in consultation with all sectors to lay the foundation for transitioning to net zero by 2050.

The final SERS will include emissions reduction opportunities for all sectors of the WA economy, including electricity, industry, transport, agriculture, land use, buildings, and waste and will be announced before the end of 2023.

For more information or to submit an expression of interest visit Invest and Trade WA's Investment Attraction Fund page.

For the full media statement visit $134 million boost to create jobs, reduce emissions | Western Australian Government (www.wa.gov.au)

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