Establish a national Net Zero Authority (the Authority) to promote orderly and positive economic transformation associated with decarbonisation and energy system change in regional areas, including support for impacted workers.
The Government will provide $83.2 million over 4 years from 2023-24 to establish a national Net Zero Authority (the Authority) to promote orderly and positive economic transformation associated with decarbonisation and energy system change in regional areas, including support for impacted workers. As an interim step, an agency will be established from 1 July 2023, initially within the Department of the Prime Minister and Cabinet, to lead the design and establishment of the Authority and to perform functions of the Authority, pending formal establishment of the Authority. This measure builds on the 2022-23 October Budget measure titled Prime Minister and Cabinet - additional resourcing. The Government will consider future funding for the Authority after the design work has been finalised, with the Government having provisioned ongoing funding for the Authority in the Contingency Reserve.