Page 333 - Week 02 - Tuesday, 9 February 2021
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Over the next four years Canberra will continue to be the renewable energy capital of the nation.
In the first half of this year we will support more Canberra home owners to access the benefits of cheaper and sustainable energy through our $150 million Sustainable Household Scheme.
Offering zero interest loans for rooftop solar panels, household battery storage, zero emissions vehicles and energy efficient electric appliances, it will mean more households can make the right investments in their home. Canberrans can immediately start saving hundreds of dollars each year from lower energy bills, without having to meet the up-front costs of the installation of the new technology.
This fund will be one of the most significant investments in clean energy ever in the ACT, reducing the cost of living and creating hundreds and hundreds of jobs for Canberrans into the future.
To make sure that all Canberrans benefit from our sustainable infrastructure program, we will establish a $50 million five-year program to improve building efficiency and sustainability for social and public housing for lower income owner occupiers and the lowest performing rental properties in our city.
This budget also sets aside $100 million over the next five years to deliver the Big Canberra Battery. Canberrans will generate a significant amount of renewable energy through the Sustainable Household Scheme and existing renewable generators. The battery will allow us to store that energy and provide it back into the grid.
The global battery storage market is predicted to be worth $400 billion by 2030, and the ACT is an ideal launching pad for those wanting to invest in this rapidly emerging industry.
We will partner with the community and the private sector to deliver the Big Canberra Battery, which, when operational, will be one of the biggest renewable battery storage systems in Australia.
This investment will generate new revenue opportunities for the territory and improve the resilience of our distribution network.
These investments, along with our participation in research and pilot projects, will cement the ACT’s status as a nation-leading hub for renewables innovation.
Building Australia’s best schools
Our city’s strength lies in the lifelong education of its residents, from our youngest Canberrans through to the teaching and research conducted by our world-leading higher education institutions.
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