The South Australian government has announced its goal to make Adelaide the world’s first carbon-neutral city. It will also partner with domestic as well as global entrepreneurs with a $250,000 incentive program to enlist their participation and support.

Accordingly, the state will hold a low-carbon contest for entrepreneurs. The winner will get the opportunity to partner with an SA organisation for delivering solutions in greener transport, clean energy and waste removal technology.

“This funding will help entrepreneurs flesh out their ideas, create prototypes and help get their ideas to market,” Premier Jay Weatherill said, reports News Corp.

It may be recalled that SA had launched a low-carbon economy panel way back in September 2015. The committee has many experts, including former Liberal leader John Hewson, Frank Jotzo and Anna Skarbek, chief executive of ClimateWorks.

Adelaide is hoping to become a carbon neutral city by bringing down the net emissions output to zero. The expert panel is providing the advice on climate policy and other inputs for creating jobs in the clean energy sectors and other avenues.

According to Ian Hunter, South Australia’s environment minister, the state is ahead of the federal government’s goals on renewables.

Its strategy paper had set a goal of $10 billion in low-carbon investment in the state, reports The Guardian. South Australia aims at cutting emissions 60 percent by 2050.

Though Hunter has not committed any explicit subsidies or tax breaks for low-carbon ventures, he said a relaxed development model is in place for renewable energy projects.

Hunter said Adelaide’s strategy in going carbon neutral will be through the raising of efficiency in transport systems and buildings through optimum saving of energy and increased use of solar panels.

Meanwhile, Adelaide is also mulling to be the first smart city in Australia. A bunch of institutions, including the University of Adelaide, the South Australian Department of State Development, Adelaide City council and companies like Ernst and Young, Microsoft, Oracle, Xerox have joined hands for the project, reports The Guardian.