INTIEANew Zealand · Government Investment in Decarbonising Industry Fund (GIDI)PolicyIn force

Government Investment in Decarbonising Industry Fund (GIDI)

The Government Investment in Decarbonising Industry (GIDI) Fund provides co-funding to support industrial decarbonisation projects, particularly process heat electrification and fuel switching from fossil fuels. Initially launched in 2020, the programme funded 119 projects with…

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Country / jurisdiction: New Zealand · Year: 2020 · Status: In force · Level: National · Type: Voluntary

The Government Investment in Decarbonising Industry (GIDI) Fund provides co-funding to support industrial decarbonisation projects, particularly process heat electrification and fuel switching from fossil fuels. Initially launched in 2020, the programme funded 119 projects with NZD 355 million in government support matched by over NZD 890 million in private investment. The fund was subsequently expanded to NZD 650 million through the Climate Emergency Response Fund, supporting large-scale projects such as NZ Steel (up to NZD 140 million, reducing emissions by ~800,000 tCO₂ per year) and Fonterra (NZD 90 million, over 2 Mt CO₂-e emissions reductions across emissions budgets). Funded projects continue to be implemented beyond 2023.

Official source: https://www.eeca.govt.nz/co-funding-and-support/previously-funded-projects/approved-gidi-projects/

Source

https://www.iea.org/policies/14055

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