How green is the Green Car Innovation Fund?

The establishment of a $AU500 million Green Car Innovation Fund (GCIF) was one of a number of climate change policies announced by the then Opposition as part of its 2007 Australian federal election campaign. The GCIF was envisaged to operate for five years from 2011 and would kick-start the production of low-emission and fuel-efficient vehicles in Australia. Climate change was seen as core business for manufacturing and the car industry was the touchstone of Australian manufacturing. The policy imperative for establishing the GCIF did not differentiate between automotive technologies. The Rudd Government welcomed the contest of technologies and embraced innovation in tackling global warming. Funding for the $AU500 million GCIF was announced in the 2008-09 Budget and the budget papers revealed that the Government had decided to provide $100 million in the first year 2011-12. It was expected that the funding model (where the industry would match the Government's contribution on a one-to-three dollar basis) would generate $AU2 billion in new investment and accelerate production of locally made hybrid cars. The GCIF would catapult Australia into a leading position in the global development and application of green car technology.

• Record URL:
  • http://www.aph.gov.au/library/pubs/bn/eco/GreenCar.htm
• Corporate Authors:

  Australia. Parliament. Library

  Canberra, ACT   
• Authors:
  • Priestley, M
• Publication Date: 2010-5

Language

• English

Media Info

• Pagination: 1 file

Subject/Index Terms

• TRT Terms: Air quality management; Environment; Federal government; Financing; Fuel consumption; Innovation; Motor vehicle industry; Research
• Uncontrolled Terms: Planning and Environment
• Geographic Terms: Australia
• ATRI Terms: Emissions control; Environment; Fuel consumption; Funding; Innovation; National government; Research and development; Vehicle industry
• Subject Areas: Research; Vehicles and Equipment;

Filing Info

• Accession Number: 01382407
• Record Type: Publication
• Source Agency: ARRB
• Files: ATRI
• Created Date: Aug 22 2012 1:17PM