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2022 budget to help reach waste targets

2022 budget

The Australian Government is spending $83.1 million over five years on Australia’s waste and recycling capabilities to help reach 2030 waste targets.

The 2022-23 budget, handed down by Treasurer Josh Frydenberg on Tuesday, included a $500 million regionalisation fund as part of the Modern Manufacturing Initiative (MMI) which aims to grow manufacturing in six key areas including recycling and clean energy.

The government had previously committed $1.3 billion in spending through the MMI over five years from 2020-21.

A further $18.2 million will go towards improving awareness of correct recycling techniques and developing a new ‘ReMade in Australia’ brand to give consumers confidence in buying products that have been re-manufactured in Australia.

A $60.4 million budget commitment to develop new plastics recycling technology and advanced recycling solutions through the Recycling Modernisation Fund (RMF) was announced earlier this month. The funding takes Commonwealth investment in the RMF to $250 million.

More than $6 billion of flood impact support includes funding for 7000 Australian Defence Force personel helping with clean-up and recovery, search and rescue.

Minister for the Environment Sussan Ley said the Budget reaffirmed the Morrison Government’s ongoing commitment to science, technology and practical, on-ground action.

“We continue to invest in the delivery of practical environmental outcomes, from a billion-dollar transformation of our waste and recycling industry to funding for environment restoration and our billion-dollar investment in supporting the future of the Great Barrier Reef,” Minister Ley said.

“It builds on the strong framework of collaboration we have established in working with communities to build a better environment.”

 

For more information, visit: www.budget.gov.au

Related stories:

2021 budget outlines further support for recycling and waste

Queensland waste sector boost highlighted in state budget

 

 

 

 

 

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