Got an email from a friend of mine in the legal sector. It contains an examination of the Rudd govts environmental plans. Makes for interesting reading:
http://www.freehills.com/publications/publications_7084.asp
Renewable energy
Labor can also be expected to implement its announced policies on renewable energy: Labor’s 20 Per Cent Target For a Renewable Energy Future. Labor has promised to ensure that at least 20 per cent of Australia’s electricity supply (approximately 60,000 GWh) is generated from renewable sources by 2020. This will be a significant increase on the current target of 9.5 per cent (approximately 15,000 GWh). The aim is to combine existing and proposed state and territory renewable energy schemes and the national Mandatory Renewable Energy Target (MRET) scheme into a single national scheme.
Labor considers that renewable energy targets do not have a long-term future given the planned implementation of an ETS. It proposes a phase-out of renewable energy targets from 2020 to 2030 as domestic emissions trading matures and carbon prices become sufficient to ensure that mandatory renewable energy targets are no longer required.
Labor has also committed to providing (among other things) $50 million for geothermal drilling to assess the potential for hot, dry rock technologies.
Clean energy funds
Labor can also be expected to implement its announced policies on ‘clean’ energy: Federal Labor’s Clean Energy Plan To Help Tackle Climate Change. Labor has promised to provide: $500 million for a Renewable Energy Fund, $150 million for an Energy Innovation Fund, and $240 million for a Clean Business Fund.
Spending under the Energy Innovation Fund will include: $50 million for an Australian Solar Institute based on an existing CSIRO centre in Newcastle, $50 million towards solar PV research and development, and $50 million towards ‘general clean energy research’.
Spending under the Clean Business Fund will include: $90 million for a Green Building Fund to subsidise 50 per cent of the cost of retrofitting commercial office buildings, with a maximum of $200,000 provided for each building. It will also include $75 million for grants of up to $500,000 to help small- and medium-sized manufacturers retool their production processes, reduce their environmental footprint and cut carbon emissions. Another $75 million will go to a program to support development and commercialisation of ‘clean, green technologies’.
The existing Low Emissions Technology Demonstration Fund scheme and the Greenhouse Gas Abatement Program will be abolished.
Recent Comments