NSW expands climate change funding

The New South Wales Government has announced an additional $72 million in energy efficiency measures as part of the state'a Climate Change Fund.

Premier Gladys Berejiklian says the plan will ease cost of living pressures and enable households and businesses to use new technology to reduce their energy costs.

The package includes $24.5 million for upgrades to more than 20,000 rental homes to enable low-income renters to benefit from energy efficient lighting, heating, and hot water systems. These upgrades will help renters save up to $400 a year on their energy bills.

Ms Berejiklian also said that the program also contains a $35 million to help businesses stay competitive by reducing their energy costs. This includes assistance for around 250 manufacturing businesses to install energy efficient equipment, such as upgraded boilers, refrigeration and metering technology to help track their energy use.

The NSW Government will also be accelerating the roll-out of solar panels and has set a target for government buildings, such as schools and hospitals, to reach 25,000 megawatt hours of solar energy a year by 2021 and 55,000 megawatt hours a year by 2024.

There is also $12.5 million to help local councils upgrade 60,000 energy-guzzling street lights with LEDs. This will lead to around $22 million in energy bill savings by 2035, which will enable councils to free up funding for local services and infrastructure.

Funding for the projects is being made available from the Climate Change Fund

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