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Garnaut to PM: this is a climate policy mix that can deliver

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'.


Labor's first Budget – $342 million for climate programs in 2008-09

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.



Garrett tackles toxics; can we clean up with coal-to-liquids?; more

Federal environment minister Peter Garrett is poised to boost Australia's ability to monitor the presence of dioxins, PCBs and other toxic chemicals in the environment and in human blood and breast milk.



And can coal-to-liquid projects, which have a huge greenhouse gas footprint, be a driver for carbon capture and storage? The International Energy Agency says they should be and Energy Minister Martin Ferguson thinks they have to be.



Plus more briefs.


'50% cut will cost US$200 a tonne' warns energy agency, as union chief calls for new climate alliance

The head of the International Energy Agency told last week's major economies meeting in Hawaii a "CO2 incentive" of US$200 a tonne would be needed to deliver a 50% cut in emissions by 2050, the IEA revealed yesterday.



Meanwhile, the head of Australia's mining union, Tony Maher, has canvassed the creation of a new climate change pressure group and has urged resource companies to massively boost their spending on carbon capture and storage.


EU proposes 'borderless' trading scheme, carbon capture push

The European Commission last night unveiled plans for a sweeping overhaul of the EU's emissions trading scheme. It also proposed new measures to speed up the development of carbon capture and storage and to put Europe on a path to meet its 20% by 2020 renewables target.



And in comments likely to set off alarm bells for Australian exporters to Europe, EC President José Manuel Barroso floated the prospect of protecting the competitiveness of EU industry by requiring importers to obtain emission allowances.



CE Daily reports on the latest initiatives from the region widely seen as the global pacesetter on climate change policy. (with video


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