<p>Deployment projects supported by the Industrial Energy Transformation Fund (IETF) will begin delivering energy and carbon emissions savings by 2027. Applicants must provide evidence on savings that their projects could deliver. The Government does not have a view of the overall carbon emissions savings from IETF projects, as the assessment of the final round of applications is ongoing.</p><p>Carbon emissions impacts will be monitored, and the Government intends to publish a full impact evaluation of the IETF once data is available. Beneficiaries are required to produce Monitoring & Verification (M&V) plans for collecting data on their projects over a 5-year monitoring period.</p>