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.
We all know what emissions trading means at the policy level, but what about the nuts and bolts of being a company involved in emissions trading?
Few businesses have as much trading experience as energy giant BP, which has an emissions trading desk that services the company and some key customers. And few within BP are better placed to talk about it than Mark 'I love trading' Proegler. CE Daily asks for the low-down on how companies should get ready for the world of trading. (plus audio)
EPA Victoria trading scheme to start by mid-year (with audio) * NPI releases new fuel tank emissions handbook, Queensland releases stormwater best practice guide * Defence seeks site remediation companies * Petrol vapour project awarded $480,000 federal grant * 'Don't focus on the green consumer' (audio link)
Generators to Garnaut – make sure we can pass on all carbon costs and give us a safety valve * APPEA warns on renewables target * NSW coal-fired generators carrying $15 billion in carbon liabilities
* WWF pushes global Earth Hour (with video) * Australia Institute calls for mandatory carbon charge on flights * Queensland invites bids for ecoBiz funding * Biobanking guide published
Energy ministers approve 'stage two' energy efficiency package * Magistrate fines construction company $95,000 * Carbon risk – more than 40 ASX200 companies could suffer material losses * National Pollutant Inventory releases new guidance * NSW offers renewables funding * Sydney Water issues water conservation guidelines * SA approves $40 million foundry expansion
