Release type: Media Release

Date:

BUDGET 2009-10: Investing in productivity and sustainability

Ministers:

The Hon Julia Gillard MP
Minister for Education. Minister for Employment and Workplace Relations
Minister for Social Inclusion
Deputy Prime Minister

Joint Media Release with Senator The Hon Kim Carr, Minister for Innovation; Industry; Science and Research

The Rudd Government is investing in the jobs of today and securing the jobs of the future through a special sustainability round of the Education Investment Fund (EIF).

In line with recommendations made by the Reviews of higher education and the national innovation system, the EIF will boost the number of Australians from all backgrounds with high level qualifications, promote quality research and drive greater innovation and productivity in Australian workplaces.

A supplementary sustainability round of the EIF will take into account one of the greatest challenges to the nation, the economy and the environment—climate change.

The EIF Sustainability Round includes:

  • $400m for research infrastructure related to the Clean Energy Initiative and
  • $250m for vocational education and training (VET), university and research infrastructure related to climate change and sustainability activities.

The funding for VET providers and higher education and research institutions is an opportunity to give immediate practical effect to sustainable design, energy and research. This will support the transformation of campuses across the country into living champions of sustainability, able to test and demonstrate emerging and new technologies.

The EIF Board will be asked to consider the sustainability of the design and construction of infrastructure when assessing proposals.

The Rudd Government understands that if Australia is to be part of the climate change solution, then future Australian jobs must be those that are creating clean energy and tackling climate change.

As part of the Rudd Government's commitment to creating and supporting the jobs of the future, the planned allocation of $2.5 billion into the Education Investment Fund will be allocated to the groundbreaking Clean Energy Initiative.

This new initiative will place Australia at the forefront of the response to climate and drive research in clean energy.Recently, the Rudd Government committed $25.7 million over four years to equip workers and businesses with the skills required for the transition to a low carbon economy and provide incentives to implement sustainability and climate change strategies.

The Rudd Government is investing in the jobs of the future by investing in productivity and sustainability.