The Victorian Budget will deliver a $34.9 million funding package aimed at rescuing the state’s ailing recycling sector.
In announcing the new funding, State Environment Minister Lily D’Amboriso said that it would ‘create a more stable and productive’ recycling sector.
“Managing recycling and waste is a global problem and we need to act now to help the industry continue its transition following China’s import bans,” Ms D’Ambrosio said.
The State Government announced the formation of a new Recycling Industry Development Fund, which will be tasked with enhancing the state’s remanufacturing capabilities.
Ms D’Ambrosio also announced an additional $13.8 million program to provide incentives for new entrants to the Victorian recycling market, which she says will further diversify the sector and lead to more investment in equipment and infrastructure upgrades.
“It’s more important than ever to minimise the amount of waste we produce and ensure we’re recycling as many items as possible – and these new initiatives are an important step in planning for the future of the waste and recycling industry,” Ms D’Ambrosio said.
The Municipal Association of Victoria was less than enthused by the announcement, saying that the announced funding falls well below what’s required to resuscitate the industry.