Carbon offsets company CO2 Australia has emerged as the biggest winner in round one of Queensland's Land Restoration Fund, receiving $33.63 million out of $91 million awarded.
The federal government will ensure Alcoa's Portland smelter receives up to $76.8 million dollars over four years for agreeing to curtail load during times of peak electricity demand.
A global nature and carbon alliance that includes BHP, BP, Chevron and Woodside today suggested the Australian government underpin a new public-private fund investing in regional projects.
The Victorian government will establish six clean energy zones, allocate $321.7 million to recycling and waste management, and provide $31.2 million to large energy users, according to today's state Budget.
Delta Electricity appears to have decided a grant is a safer way to subsidise an upgrade of its coal-fired power plant, even though its right to earn carbon credits might potentially have been more lucrative.