This proposal consists of three components.  

Component 1: Invest $500 million in waste avoidance and resource recovery initiatives  

This component would increase the Clean Energy Finance Corporation’s (CEFC) credit facility by an additional $500 million to invest in waste avoidance and resource recovery initiatives.  The additional funds would be rolled out in line with previous CEFC lending arrangements.

Component 2: Establish a plastics co‐operative research centre in Hobart

This component would establish a plastics co‐operative research centre in Hobart with funding of $50 million over ten years, with operational costs indexed in line with changes in the consumer price index (CPI).  Departmental expenses would be included in this amount.  

Component 3: Introduce a ban on selected single‐use plastic items by 2025.

This proposal would have effect from 1 July 2019.