Department of Climate Change, Energy, the Environment and Water
Briefs Regarding The Powering The Regions Fund Grant.
Summary
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A ministerial brief dated July 2024 outlines the Department's recommendation for grant funding decisions under the Powering the Regions Fund Safeguard Transformation Stream (STS) Round 1 Batch 2. The Expert Advisory Panel reviewed seven eligible applications from trade-exposed facilities covered by the Safeguard Mechanism and rated six as "Highly Suitable" or "Suitable" for funding. The brief recommends ministerial approval of the EAP's funding allocation from $91.09 million available in this batch ($75 million originally allocated plus $16.09 million rolled over from Batch 1), with $75 million remaining for the final batch. The STS program aims to support emissions reductions (Scope 1) at facilities while supporting regional economies. The brief references attachment details on EAP reasoning, Commonwealth Grants Rules compliance obligations, and next steps involving grant agreement negotiations with successful applicants.
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