The 2023–24 Queensland Budget announced the $520 million Low Emissions Investment Partnerships (LEIP) program to bring forward investment in projects that will drive down emissions in Queensland’s highest emitting facilities.
The program’s initial focus will be on reducing emissions from Safeguard Mechanism facilities in the metallurgical coal sector, which has a critical role in producing the steel for the renewable technologies we need to decarbonise our state.
The LEIP program aims to:
- Fast-track emissions reductions, with a preference for abatement that goes beyond the Australian Government’s Safeguard Mechanism requirements and is delivered before 2030.
- Increase resource optimisation and maximise the beneficial use of gas resources.
- Maximise economic opportunities and workforce development in regional Queensland.
- Develop low emissions knowledge within the sector and diffuse low emissions technology in Queensland.
We will form meaningful partnerships with industry by taking a tailored approach to addressing the different abatement challenges and opportunities within the sector.
More information about the program’s objectives, eligibility and assessment criteria can be found in the LEIP Program Guidelines.
Expressions of interest are open, and we welcome early engagement with proponents.