Minimising Australia's carbon footprint, while saving Australians millions of dollars a year, is the focus of a new $100 million partnership between the Federal Government, researchers and the construction industry.
Minister for Science and Research, Senator Chris Evans, haslaunched the Cooperative Research Centre for Low Carbon Living at the University of New South Wales, established with a $28 million grant from the Federal Government.
"Tackling climate change is one of the most pressing challenges we face as a nation and how we adapt is critical to our future prosperity," Senator Evans said.
"The construction industry is an important contributor to the national economy but it's also a big contributor to Australia's carbon emissions.
"This CRC brings together researchers with expertise in property, planning and government to help the industry cut emissions in new construction materials and processes, while maintaining its competitiveness.
"The research will help cut residential and commercial carbon emissions by 10 megatonnes per year by 2020; the equivalent of taking around 2.3 million cars off the road each year.
"The work done here is also expected to deliver savings for the Australian economy of $684 million."
Senator Evans said the government aimed to double the level of collaboration between business, universities and publicly-funded research agencies over the next decade.
Over the next four financial years, the Government is providing $625 million for the CRC program.
The next CRC selection round will open in February 2013 and will offer up to $240 million for Australian researchers to work with industry on collaborative projects.
