https://www.minister.industry.gov.au/ministers/timayres/media-releases/new-5-billion-net-zero-fund-will-accelerate-australias-industrial-decarbonisation

New $5 billion Net Zero Fund will accelerate Australia’s industrial decarbonisation

18 September 2025

The Albanese Labor Government is supporting Australia’s industrial sector to reduce its emissions and contribute to reaching Australia’s ambitious and achievable climate goals.

The Government is today announcing a new $5 billion Net Zero Fund to support Australian heavy industry to decarbonise, as well as the scale-up of low emissions technologies needed for our Net Zero Plan.

In particular, the Net Zero Fund will support large industrial facilities to make major investments in new equipment, technologies and processes to decarbonise – so that firms can make the most of the global push towards net zero carbon emissions.

Delivered by the National Reconstruction Fund (NRF), investments will help ensure facilities are fit for future production while preserving good jobs in regional and outer-suburban Australia.

Capital for the Net Zero Fund will be drawn from the existing $15 billion NRF.

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