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.
Federal Climate Change and Water Minister Penny Wong today outlined a $12.9 billion, decade-long water investment program, that includes new water initiatives.
Meanwhile, Canegrowers chief Ian Ballantyne says a meeting yesterday between the minister and peak farm groups showed the government is yet to decide whether to bring agriculture in under its proposed emissions trading scheme in the initial stages.