The Fund will invest in waste related projects to reduce landfill emissions, as well as improve the energy efficiency of waste processing and resource recovery operations.
The Fund has a particular focus on large scale commercial projects which use clean energy technologies to support the recycling of waste plastics, paper, glass and tyres, consistent with the National Waste Policy Action Plan. These projects are complex and can take a considerable time to be investment ready. While the CEFC has invested more than $180 million in recycling technologies since inception, there have been no investments through the Australian Recycling Investment Fund in its first six months of operation. See other CEFC investments in bioenergy and energy from waste.
By prioritising waste avoidance, encourage efficient use, reuse
and repair; design products that are made to last
Improve resource recovery
Including improved material collection systems and recycling processes
Increase the use of recycled material
Including by building demand and markets for recycled products
Better manage material flows
To benefit human health, the environment and the economy
To support innovation, guide investment and enable informed consumer decisions
Source: National Waste Policy 2019