34HPayments out of Climate Change Fund

34H Payments out of Climate Change Fund

34H Payments out of Climate Change Fund

(1) There is payable from the Fund—

(a) any money, including a repayable grant, approved by the Minister to fund all or any part of the cost of any measure that the Minister is satisfied promotes a purpose referred to in section 34F, and

(b) any money approved by the Minister to fund all or any part of the contributions that the State is required to make for the purposes of national energy regulation, and

(c) any money required to meet administrative expenses related to the Fund, and

(d) any money required to meet administrative expenses of the Minister in connection with the Minister’s functions under this Act in relation to savings action plans, and

(d1) $50 million between 2021 and 2030 to develop the green hydrogen sector, including—

(i) the production of hydrogen using renewable energy, and

(ii) the supply, use and export of hydrogen produced using renewable energy, and

(e) any money directed or authorised to be paid from the Fund by or under this or any other Act or law.

(2) In exercising the Minister’s functions under subsection (1) (a) (but without limiting the generality of that paragraph), the Minister may—

(a) approve selection criteria from time to time to be applied to determine the kinds of water or energy savings measures that will be eligible for funding, and

(b) approve the funding of community grants from the Fund, being grants awarded on the basis of their merit in advancing one or more of the purposes referred to in section 34F, established through a competitive selection process, and

(c) require a person or body seeking funding for a water or energy savings measure to do either or both of the following as a precondition to applying for or obtaining funding—

(i) to submit a water savings action plan or energy savings action plan (as the case requires) that includes details about the measure,

(ii) to provide any other information requested by the Minister about the measure, and