Accelerating-cleantech

Print

Accelerating cleantech - Future measures to accelerate the delivery of clean technologies in Australia

The Clean Energy Council has received the first part of the work commissioned from Ernst & Young looking at options to accelerate the development of clean energy technologies.

The first report looks at how changes to the tax system can be used to make investment in clean technologies more attractive.

Click here to view the report

 

The key findings of this work are:

  • Australia has an abundance of high quality clean energy sources, this is not enough to attract the large-scale investment needed to deliver a portfolio of low carbon energy solutions.
  • To date, Federal Government support for this part of the industry has been in the form of grants. To complement this the government should consider providing targeted tax support for the development of clean energy technologies in order to stimulate private investment in the sector
  • There are no specific tax incentives in existing Australian tax law to support the deployment and development of clean energy technologies. The federal government should consider expanding or modifying existing general tax incentives to cater more specifically for the needs of start-up entities, established entities and investors in clean energy technologies
  • Federal government should also consider implementing targeted specific tax incentives to encourage investment in clean energy technologies