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The Australian government announced plans for a $652 million renewable energy fund, in a reversal of policy direction just weeks after ditching its proposed climate bill.
Speaking in his budget address, Treasurer Wayne Swan said that the government would “roll out the most substantial renewable energy plan this country has seen,”as it keeps its commitment to have 20 percent of Australia’s energy come from renewable sources by 2020.
The target will be supported by the new Renewable Energy Future Fund, which will invest up to $652m over four years and form part of an expanded $5.1bn clean energy initiative. Few precise details were provided on how the fund will be distributed, but it is expected to be used to leverage private finance and will focus on wind, solar, biomass and geothermal energy projects.
The Australian government announced plans for a $652 million renewable energy fund, in a reversal of policy direction just weeks after ditching its proposed climate bill.
Speaking in his budget address, Treasurer Wayne Swan said that …
The renewable energy industry and its supporters in Australia have claimed for years that a feed-in tariff will be the way towards grid parity as well as a way to build up a renewable energy …
Many people working on climate change in Canberra are about to switch gears.
Hundreds of public servants who had been preparing to roll out the now laid-to-rest emissions trading scheme will instead be put to work on renewable …
Some three-quarters of Australians support action to cut carbon emissions before a global agreement is reached, a new poll by Lowy Institute reveals.
However nearly a third of those surveyed do not want to pay for …
The government has shelved its emissions trading scheme for at least three years, in the hopes that in that time it will garner enough domestic support to pass it through the Senate.
The Carbon Pollution Reduction …
The Australian business community will be left behind by global competitors unless it takes advantage of low carbon opportunities, Minister for Employment participation Mark Arbib said, according to the AAP.
He rejected the claims that Australia would …
Home sustainability assessors left financially out of pocket by the suspension of the government’s flawed Green Loans scheme are threatening to file a class action law suit over their losses.
According to a campaign website set …
The Rudd government has shelved its plans for a national energy policy blueprint for Australia’s energy needs because of uncertainty about the emission trading scheme and the cost to electricity generators of cutting carbon emissions.
The delay …
One can presume that as solar technology advances rapidly, the renewable energy options available to Australian households will be vastly different within a decade.
A number of products are in the market, and more are close …
Investment in renewables in Australasia has dropped by more than anywhere else in the world, amidst uncertainty over emission trading and the loss of value of renewable energy certificates.
Green deals fell by 59 percent year on …
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