In an Australian first, the ACT Budget has put a price on the economic harm caused by greenhouse gas emissions, with the aim of raising funds for decarbonisation.
Highlights include new long-awaited ERF guidance from the Clean Energy Regulator, and a Victorian parliamentary hearing into waste and recycling. Jobs include a senior post managing NSW's contribution to national energy policy.
A Footprint analysis of carbon credit projects, renewables investment and energy productivity initiatives shows NSW has snared the lion's share of ERF revenue, and Queensland is set to dominate large-scale solar.
The ACT Government will sell its stake in up to 60 companies because it considers their fossil fuel exposure makes them too risky, and will source 100% of its electricity from renewables by 2025.