The Minister for the Environment has announced the launch of the Australian Recycling Investment Fund to support projects it’s hoped will increase Australia’s recycling rates.
The Minister, Sussan Ley said the State and Federal Governments had signed on to a National Waste Action Plan in support of the funding program.
“Australians want to be confident that when we put things in our recycling bin, or deliver them to a collection centre, that they will be recycled and not dumped in landfill or simply sent overseas,” Ms Ley said.
“That is why we committed to the Australian Recycling Investment Fund.”
She said the $100 million fund would play an important role in Australia meeting its international waste targets.
“Last month’s Meeting of Environment Ministers set a clear message about our commitment to a circular economy and a timetable for banning problem waste exports,” Ms Ley said.
“Growing our recycling capacity is critical in that process and this scale of investment will make a real difference.”
Minister for Energy and Emissions Reduction, Angus Taylor said the Fund would be managed by the Clean Energy Finance Corporation (CEFC).
“Australia has a strong track record on recycling and waste reduction, but we are always looking for ways to improve to secure a cleaner, greener Australia for future generations,” Mr Taylor said.
“The new Fund combined with the expertise of the CEFC will help deliver that.”
