Australia to Invest $330 Million to Decarbonise Heavy Industries

Climate Change Minister Chris Bowen said the investment would ensure the future of Australia’s heavy industry amid the transition to net zero.

Steelworks in Wollongong, Australia, on Feb. 1, 2021. Brook Mitchell/Getty Images

The Australian government has announced a “big funding boost” to help decarbonise the country’s heavy industries.

On April 24, the federal Labor government said it would spend $330 million (US$214 million) to help nine industry projects reduce their carbon emissions.