Coalition invests $100 mln in recycling

The Morrison govt wants to increase recycling, tackle plastic waste and halve food waste by 2030.
The Morrison govt wants to increase recycling, tackle plastic waste and halve food waste by 2030.

The Morrison government is going ahead with $100 million recycling investment fund it promised during the federal election campaign.

It is part of a $167 million plan to boost Australia's recycling rates, tackle plastic waste and halve food waste by 2030.

"Australians want to be confident that when we put things in our recycling bin or deliver them to a collection centre, that they will be recycled and not dumped in landfill or simply sent overseas," Environment Minister Sussan Ley said in a statement on Sunday.

Energy and Emissions Reduction Minister Angus Taylor said in the joint statement that the Australian Recycling Investment Fund will be managed by the Clean Energy Finance Corporation.

"Australia has a strong track record on recycling and waste reduction but we are always looking for way to improve to secure a cleaner, greener Australia for future generations," Mr Taylor said.

Finance Minister Mathias Cormann said the fund will provide the CEFC with the capacity to support waste and recycling technologies by making investments which attract private sector backing.

Australian Associated Press