News

Government awards $16.4m to commercial retrofit projects

November 2, 2009

Senator Kim Carr claims the third round of the Green Building Fund will cut greenhouse gas emissions by 38,000 tonnes a year.

Thirty-seven commercial properties have been awarded a share of $16.4 million in the third round of the Rudd Government’s Green Building Fund, which supports retrofitting commercial buildings to reduce their energy consumption and emission levels.

Senator Kim Carr, Minister for Innovation, Industry, Science and Research, announced that the latest round would cut greenhouse gas emissions by around 38,000 tonnes a year.

Senator Carr added: “Projected savings in greenhouse gas emissions from projects supported by the fund so far total over 101,000 tonnes a year. These projects combat climate change and support Australia’s economic recovery by generating investment of almost $75 million.”

The projects awarded in this round will use the money to fund upgrades to heating, ventilation and air conditioning; install solar panels; incorporate high performance glazing and low energy lighting systems; and replace base building lighting.

The grants awarded ranged from $98,775–$550,000 per business. This is the third of six rounds for owners of existing commercial office buildings, with applications for the next round accepted until 12 January 2010.

The program was created by the Rudd Government to assist companies in retrofitting existing commercial buildings, to improve their environmental performance. The government pledged $90 million over five years. It is part of the Clean Business Australia Initiative – along with the Climate Ready Program and the Re-tooling for Climate Change Program.

More information is available on the ["Ausindustry website":http://www.ausindustry.gov.au/innovationandrandd/greenbuildingfund/pages/greenbuildingfund.aspx].

*Image* courtesy ["freefotouk":http://www.flickr.com/photos/freefoto/2759629888/]

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