Jenny McAllister (NSW, Australian Labor Party, Assistant Minister for Climate Change and Energy) Share this | Hansard source

enator McALLISTER (—) (): I have answered this already. The government is developing the funding allocation approach, including the delivering entity for both the $600 million fund and the $400 million fund, as part of the budget. For clarity, I can run through with you again the eligibility for both of those because I want to make sure that we are both talking about the same thing, so I would like to just run through it with you specifically. There are two streams, and I'll give them their proper names so that we can talk about the same things. The safeguard transformation stream will provide dedicated funding for projects that reduce emissions at safeguard facilities that are trade exposed. That stream will support projects that reduce emissions covered by the safeguard mechanism, specifically, and eligible facilities' scope 1 emissions. It is intended to be technology and project neutral and can support a range of project types like energy efficiency upgrades, shifts to lower-carbon processes and fuel switching. The second stream, which I think is the one you were originally asking about, is a $400 million stream of funding that's been announced for industries providing critical inputs to clean energy industries, and, as I indicated now, the program guidelines will be developed for both of these programs in the coming months.