The NSW Government will spend $72 million from its Climate Change Fund to help businesses and households reduce energy costs.

Premier Gladys Berejiklian has announced a $35 million dollar plan for about 250 manufacturing businesses to install energy efficient equipment and smart meters.

An additional $24.5 million will help low-income renters obtain energy efficient lighting, heating and hot water systems.

The Government says these low-income renters could save up to $400 a year on their energy bills.

The rest of the funds will be spent installing LED bulbs in streetlights, and to accelerate the roll-out of solar panels on government buildings, such as schools and hospitals.

National Conservation Council of NSW CEO Kate Smolski said the Berejiklian Government is still not doing enough to reach its target of zero net emissions by 2050.

“NSW is on fire and the Government announces it is buying water pistols,” Ms Smolski said.