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.
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.
Sydney Water's operating plan for desal plant revealed * Two parliamentary reports throw cold water on mandatory ethanol target * NZ industry coalition urges emissions trading delinking mechanism * Victoria offers demonstration project grants to major water users * G7 considers clean technology fund * 'Six sins of greenwashing'
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.
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