Global Trade Alert
Global Trade Alert

Australia: ARENA announces further funding to facilitate Australia's transition to net zero

Announcement

14 May 2024

On 14 May 2024 the Australia Renewable Energy Agency announced further funding to support projects under the agency.

Source

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Number of interventions

3

0 certainly harmful

3 likely harmful

0 liberalising

List of interventions

Implementation date

No implementation date

Revocation date:

No revocation date

Announced: 14 May 2024
Production subsidy
On 14 May 2024, the Australian government announced funding worth AUD 2 billion (approx. USD 1.32 billion) for round two of the Hydrogen Headstart Initiative (please see related state act). The aim of...
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Announced: 14 May 2024
Financial grant
On 14 May 2024, the Australian government announced funding for the Battery Breakthrough Initiative worth AUD 500 million (approx. USD 331.14 million). The scheme is expected to provide production inc...
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Announced: 14 May 2024
Financial grant
On 14 May 2024, the Australian government announced the allocation of AUD 1.7 billion (approx. USD 1.1 billion) for the Future Made in Australia Innovation Fund which will be administered by the Austr...
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