Decarbonisation

ARENA launches $40 million industrial decarbonisation support program

The federal government’s Australian Renewable Energy Agency (ARENA) has launched its $40 million National Industrial Transformation (NIT) program to support industrial decarbonisation. 

This agency aims to achieve this by reducing ‘scope 1’ and ‘scope 2’ emissions at existing or planned industrial facilities in Australia. 

Scope 1 emissions cover direct emissions from owned or controlled sources, while scope 2 covers indirect emissions from the purchase and use of electricity, steam, heating, and cooling. 

The NIT program aims to reduce emissions in line with Australia’s 2030 emissions reduction goals and transition to net-zero carbon emissions by 2050, all while improving the commercial readiness of renewable energy, energy efficiency, and electrification technologies. 

ARENA says as a result, this will ‘significantly’ reduce scope 1-2 emissions and could improve the energy efficiency of industrial processes. 

Chief Executive Officer (CEO) Darren Miller says the NIT program will grow the type of applications that can be received, adding another vital tool to Australia’s industrial decarbonisation efforts. 

“With industry accounting for approximately 44% of Australian emissions, we need to target sectors such as agriculture, water, mining, and manufacturing to assist them to progress towards net zero. 

ARENA’s funding model is well placed to make a real impact.”

“With industry accounting for approximately 44% of Australian emissions, we need to target sectors such as agriculture, water, mining, and manufacturing to assist them to progress towards net zero”

Meanwhile, the agency has recently launched a $400 million Industrial Transformation Stream (ITS) under the $1.9 billion Powering the Regions Fund to also support Australia’s emissions reduction goals and transition to net zero.

Write to Aaliyah Rogan at Mining.com.au   

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Written By Aaliyah Rogan
Relocated from the East Coast in New Zealand to Queensland Australia, Aaliyah is a fervent journalist who has a passion for storytelling. When Aaliyah isn’t writing stories, she is either spending time with friends and family or down at the beach.