New Climate Action Fund

New Climate Action Fund Main Image

09 September 2021

The McGowan Labor Government is creating a $750 million Climate Action Fund in the 2021-22 State Budget to develop climate-resilient communities and a prosperous low-carbon future.

  • Climate Action Fund to help transition WA to net zero emissions by 2050
  • $350 million for expansion of softwood plantation estate
  • $206 million for renewable energy initiatives to fuel WA's future
  • $118 million fund to invest in future climate-related initiatives
  • $50 million to drive new renewable hydrogen initiatives
  • $26 million for Carbon Innovation Grants and coastal erosion hotspots
  • Supporting a low-carbon economy and developing more climate-resilient communities  

Building on the Western Australian Climate Policy, the Climate Action Fund invests in sustainable WA jobs and industry innovation while protecting and enhancing the State's unique environmental heritage values and assets.

The McGowan Government is committed to transitioning the Western Australian economy to net zero greenhouse gas emissions by 2050.

The 2021 State Budget delivers a suite of measures designed to address the threat of climate change and help industry flourish to create sustainable jobs.

The McGowan Government's Climate Action Fund includes:

  • $350 million to significantly expand the State's softwood plantation estate, creating jobs and increasing sustainability of the industry;
  • $206 million for renewable energy initiatives to fuel WA's future, including stand-alone power stations, clean energy in schools (including Belridge Senior High School in Hillarys), wind turbine manufacturing, refurbishment of Denham Power Station and $1 million for research into the viability of a local green steel industry;
  • an $118 million fund to invest in future climate-related initiatives to respond to climate change and create climate-resilient communities;
  • $50 million to drive new renewable hydrogen initiatives; and
  • $26 million for Carbon Innovation Grants and to help manage coastal erosion across our beautiful coastline.

A further $4.2 million has been allocated in the State Budget to support the development of the next Forest Management Plan.

The 2021-22 State Budget also continues to progress the McGowan Government's Plan for Our Parks, with $15.2 million for the joint management of the Badimia Conservation Reserves and the Thundelarra Conservation Park, and almost $16 million to facilitate negotiations for additional reserve proposals.

Plan for Our Parks will create an additional five million hectares of new national parks, marine parks and reserves by 2024.

In addition to the $750 million Climate Action Fund, the 2021-22 State Budget also delivers several other climate action initiatives, including:

  • $15 million for the Agriculture Climate Resilience Fund;
  • $14 million grant program to support a ban on electronic waste in landfill by 2024;
  • $13 million Household Energy Efficiency Scheme;
  • $4.8 million for six Virtual Power Plants at Kalgoorlie and Geraldton public schools; and
  • $2 million additional expenditure from the Establishing and Maintaining Native Vegetation Offsets Account over 2021-22 and 2022-23. 

The McGowan Government has also allocated $42 million to deliver its Climate Action election commitments, including Gross Pollution Traps to reduce plastic pollution in our oceans, Peel-Harvey Estuary Protection Plans and extra funding for the Natural Resource Management Program.

Caitlin Collins, MLA for Hillarys, said more and more constituents saw the State Government as a leader in the fight against climate change.  

"The McGowan State Government is committed to working with all sectors of the economy to achieve net zero by 2050 to create low-carbon jobs and develop new industries.”

"We are committed to building a successful low carbon economy and developing more climate-resilient communities throughout Western Australia.”

"In addition, protecting and enhancing our beautiful natural resources, through initiatives such as Plan for Our Parks, will ensure our environmental heritage is protected.”