Energy Innovation Fund

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In its 2007 election manifesto, the ALP stated that it would establish a $150 million Energy Innovation Fund "to keep our world leading scientists and researchers in Australia, rather than losing them overseas."[1]

In mid November 2007 Labor leader Kevin Rudd detailed that his government would provide $90 million over the first three years. In its costings, the ALP stated that the government would contribute $24 million, $30 million and $36 million in 2008-2009 through to 2010-2011.[2]

2008 Budget Decisions

In its 2008-2009 budget, the Rudd government announced that the fund would be funded to the tune of $150 million over four years from 2007‑08. The funding was for $40.9 million in 2008-2009, $51.2 million in 2009-2010, $36.3 million in 2010-2011 and $21.7 million in 2011-2012.[3]

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