Professor Ross Garnaut this morning handed to Prime Minister Kevin Rudd an all-embracing set of policy proposals to combat climate change. Garnaut warned that a failure by this generation to deal with climate change 'would haunt humanity until the end of time'.
The Federal Government should double the size of its Green Car Innovation Fund to $1 billion if it proves successful, recommends the Bracks review of the automotive industry. The review, released today, backs including transport in the emissions trading scheme, but warns that imposing vehicle emissions targets as well would be 'overly burdensome'.
It's Labor's first commitment period – with the Rudd government last night setting out where its climate change and environment cash will be spent over 2008-2012. New Budget climate measures will get $341.6 million in 2008-09 and a total of $2.3 billion over 2007-08 to 2011-12.
Meanwhile, Treasurer Wayne Swan says the review of the tax system – due to report by the end of 2009 – will 'look at the role to be played by environmental taxes'.
CE Daily looks at where the money will go and guides you through the maze of Budget papers.
The Victorian government says payments under the federal $500 million Green Car Fund could be linked to the abatement potential of funded projects. And it wants cash from the fund to be offered to component suppliers, as well as car makers.
The Brumby government's submission to the Steve Bracks-led review of the automotive industry also calls for measures to boost market demand for greener car technology.
Queensland court fines two for obstructing EPA officer; Export of nuclear waste gets EPBC Act clearance; NSW’s 2% ethanol obligation kicks in; Iluka Resources wins appeal against WA EPA ruling; Victorian Water Smart funding on offer; Victoria invites award nominations