The Australian Toy Association (ATA) has been supported with a through the Circular Economy Business Innovation Centre (CEBIC) delivered by Sustainability Victoria. This is a world first for the toy industry and another example of an industry taking responsibility for its products.
In collaboration with leading toy industry brands and retailers, the funding enables the ATA to develop and investigate circular economy options for toys. The project’s first stage will develop a material flows analysis, building an understanding of the movement of toys through the economy. The results of the analysis will link into the overarching project to develop solutions that will reduce the environmental impact of toys.
Equilibrium congratulates ATA for their leadership and vision and is excited to partner with them on this project in developing circular economy options for toys.
The Australian Renewable Energy Agency announced a $43 million grant program on behalf of the federal government to assist in identifying methods to cut industrial energy costs and emissions. The first round of the Industrial Energy Transformation Studies Program will offer $25 million to assist research and the development of business case projects for organisations in the mining, agriculture, manufacturing sectors, water supply, gas supply, waste services and data centres. Applicants can apply under one of two rounds:
>Round 1A – Feasibility Studies (Up to $10 million available). Grants can be between $100,000 and $500,00 for up to 75% of eligible project costs
>Round 1B – Engineering Studies (up to $15 million available). Grants can be between $250,000 and $5 million for up to 50% of eligible project costs.
The program aims to fund studies that deliver transformational improvements in de-carbonisation technology and energy efficiency practices for industry. Eligible projects must also demonstrate high replicability potential across similar industry settings.
Applications for the initial round of funding will be open on the 6th of July.
ARENA will be hosting separate information sessions for Round 1A and Round 1B in the week commencing 12 July, further information regarding these information sessions will be published on the Industrial Energy Transformation Studies Program website in the coming weeks.
Earlier this month, the federal government announced a series of Modern Manufacturing Initiative (MMI) grants for major recycling and clean energy projects. The government is inviting applications under its Recycling and Clean Energy stream, offering grants on average of $4 million, ranging from $1 million to $20 million. The $1.3 billion in funding will assist manufacturers to scale up, commercialise and collaborate.
The MMI grant stream is now open and made up of two separate funding opportunities;
>Manufacturing translation component: will assist manufacturers in expressing their ideas into commercial outcomes and encourage investment in non R&D innovation.
>Manufacturing integration component: will assist in commercializing innovative concepts, integrating into local and domestic supply chains.
The government has outlined examples of the grants, addressing the funding suitability to include activities which aim to enable greater use of recycled materials across supply chains, and/or that promote increased use of clean energy within their industrial systems.
Applications for these grants close on the 5th of May and businesses must provide co – funding.