The Fund is available to New Zealand-based private sector businesses who have committed to decarbonising their business and industrial processes, where Government co-investment will help remove barriers to accelerating their decarbonisation goals. – Decarbonise industrial processes and process heat through energy efficiency, the application of innovative technologies, and fuel switching.
– Economic stimulus of the domestic economy and supporting local employment.
– Encouraging innovation by supporting early adopters of technologies that demonstrate wide replication and emissions reduction potential.
– Accelerating action as a key part of the Government’s 2021 Emissions Reduction Plan in response to the Climate Change Commission’s first emissions budgets.