Australia is serious about reducing our waste and putting it to work.
We’re determined to exceed our national target recycling 80% of our waste by 2030. To do this we are:
- banning the export of unprocessed glass, plastic, tyres, paper and cardboard in a world first
- investing more than A$1 billion to turbocharge our waste and recycling industries
- supporting industry-led recycling schemes through the A$20 million National Product Stewardship Investment Fund
- halving our food waste by 2030.
Australia is committed to reprocessing an additional 645,000 tonnes of waste plastic, paper, glass and tyres each year. The Recycling and Clean Energy National Manufacturing Priority road map identifies growth opportunities in:
- recyclable products and packaging
- cleaner feedstocks for remanufacturing (and enabling tech)
- products from recycled feedstocks (such as plastic, organic waste or e-waste)
- recycling clean energy components (including PV panels, wind turbines and batteries).
A future circular economy in just three areas – food, transport and the built environment – could create an economic benefit to Australia of A$23 billion in GDP by 2025. (Source: KPMG)
Australia’s waste sector is undergoing a seismic shift. We’re improving resource recovery, increasing the use of recycled material and better managing waste material flows – all underpinned by the transition to renewable energy sources. There’s strong support for pioneer entrepreneurs who are designing for the future and disrupting the way we extract, manufacture, reuse and recycle resources and products.
Australia’s waste sector valued at A$12.6 billion per year
Sales of recovered materials valued at A$3.9 billion per year
Reducing our footprint by making a greater impact
To drive the evolution to a circular economy, Australia is backing schemes to modernise and transform how we manage and treat waste under the National Waste Policy Action Plan. This supported by the $A190 million Recycling Modernisation Fund that will generate A$600 million of recycling investment and drive a billion-dollar transformation of Australia’s waste and recycling capacity.
Australia’s transformation into a circular economy demands new technologies and expertise. To grow their businesses, local firms are looking for co-funding and collaborations. That means a wealth of opportunities for companies that can offer innovative waste management solutions, information systems and products.
‘This is a once in a generation opportunity to remodel waste management, reduce pressure on our environment and create economic opportunity’ – Environment Minister Sussan Ley.
Australian companies are turning plastics and household waste into furniture, decking, fencing and clothing, and we are developing new domestic markets for recycled materials by setting national standards for recycled content in roads and making recycled products a focus of procurement for infrastructure, defence estate management and general government purchasing.
Incentives, grants and support
- Recycling and clean energy is one of six priorities in Australia’s A$1.3 billion Modern Manufacturing Strategy.
- The $190 million Recycling Modernisation Fund is transforming Australia’s waste and recycling industries to help them meet demand to process waste that was previously exported
- The $20 million National Product Stewardship Investment Fund aims to increase the number of industry-led product stewardship schemes in Australia and increase the recycling rates of existing schemes.
- The $100 million Australian Recycling Investment Fund is supporting large-scale projects that use clean energy technologies in recycling waste plastics, paper, glass and tyres.
- The Australian Tax Office’s New Investment Engagement Service gives tailored guidance on tax issues to businesses planning significant new investments in Australia.
- Developed by CSIRO and Data61, ASPIRE is a digital tool that empowers businesses to exchange waste as a resource.
- Bingo Industries has embedded circularity as a core principle of its business, and is leading the charge in recycling construction waste.
- The Australian Circular Economy Hub demonstrates the diversity of circular economy activity in its collection of case studies.
- The Pact Group is investing A$500 million in new facilities, research and technology
- Pact, Cleanaway and Asahi Beverages are building Australia’s largest recycling plant in Albury, NSW, which will recycle around a billion PET plastic bottles each year.