The Council welcomes the opportunity to provide input into the establishment of a new $5 billion Net Zero Fund (NZF) within the existing National Reconstruction Fund (NRF). The Council particularly notes the alignment between the objectives of supporting large-scale industrial facilities as they decarbonise to ensure Australia retains industrial capabilities vital to our national interest while working towards our 2035 emissions reduction targets. The Council notes the intention to provide support to these large industrial facilities to not only decarbonise, but also investing in the technologies and capital infrastructure required to transition to more productive processes.
