Australia is looking to boost recycling through a new A$100 million ($69 million USD) investment fund.

The Australian Recycling Investment Fund aims to divert recyclable materials from landfill and halve food waste by 2030, Bloomberg reports. The fund will be managed by the Clean Energy Finance Corp.

According to the report, Australia’s government has invited applications to address waste and recycling challenges to the corporation.

Bloomberg has more:

A new A$100 million ($69 million) investment fund aims to boost the proportion of refuse recycled in Australia and encourage innovation to prevent trash from ending up in landfills, the government said.

The Australian Recycling Investment Fund, to be managed by the Clean Energy Finance Corp. (CEFC), is part of a A$167 million government plan to tackle plastic waste and halve food waste by 2030, Environment Minister Sussan Ley said in a statement Sunday.

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