The Renewable Energy Commercialisation Programme (RECP) was a AUS$54 million competitive grants programme, comprising AUD 28 million approved under the Safeguarding the Future package and AUD 26 million under the Measures for a Better Environment package. The programme aimed to reduce greenhouse gas emissions through assisting renewable energy technology commercialisation. Projects were chosen for their strong commercial potential, contribution to diversification of the renewable energy industry and reduction of greenhouse gas emissions. Applicants funded at least 50% of project costs. Applicants applied for funding over five rounds held from 1999 to 2004. The programme also included a AUD 6 million Renewable Energy Industry Development (REID) component.