The Queensland Government has announced a $80 million boost to grow and expand the states waste and recycling industries.
The Federal and Queensland Government will each invest $20 million respectively into the $40 million Recycling Modernisation Fund (RMF). Queensland industries will match the funding, delivering the $80 million investment.
The RMF is open for applications until 7 September 2021, with funded projects set to protect the environment and support the Queensland economy.
The Federal Minister for the Environment, Sussan Ley, said that the investment will improve the sustainable operations of the industry throughout Queensland.
“Today’s investment will lead to more unprocessed waste materials now being recycled every year in Queensland and made into new products, following our ban on exporting waste plastic, paper, glass and tyres overseas,” she said.
Queensland Environment Minister, Meaghan Scanlon, said the fund will contribute towards the state’s economy, at it recovers from COVID-19.
“The $190 million Recycling Modernisation Fund investment, and associated measures to support Australia’s National Waste Policy Action Plan, will create approximately 10,000 new jobs across Australia over the next 10 years,” Scanlon said.
“Additionally, it will divert 10 million tonnes of waste each year, which will no longer go to landfill.”
The fund will lead to more materials being recycled, following the ban on the exportation of waste.
The projects will aim to progress the state towards becoming a zero-waste society.