Hon Dr MEGAN WOODS: The first iteration of GIDI has been a success, having helped accelerate 53 major industrial decarbonisation projects estimated to save 7.46 million tonnes of carbon, equivalent to taking 134,800 cars off the road. It was previously targeted to medium and large businesses and focused on process heat decarbonisation. This will continue to be covered, but GIDI 2.0 will now also support small to medium businesses to upgrade to more energy efficient equipment. The funding will go beyond industrial process heat use by supporting replacement of inefficient industrial and commercial equipment and decarbonising commercial space and water heating. Another focus will be on investing in fuel supply infrastructure to enable switching to low emission fuels. This new fund will open in June, allowing businesses to apply for contestable funding.