LexisNexis®
 
  • Federal Budget
Home Budget Overview Education Employment & Income Support Environment & Renewable Energy Family & Community Services Health & Ageing Housing Infrastructure Law Superannuation Taxation

'viewport' is an unexpected token. The expected token is '"' or '''. Line 8, position 16.
Environment and Renewable Energy
  • Key announcements: The budget has brought a boost for the renewable energy sector, with funding for the Emerging Renewables program, increased from $40 million to $100 million.; and funding for the $100 million Renewable Energy Venture Capital Fund out to 2023-24 to assist early-stage renewable energy companies.
     
    However, the Minister for Climate Change and Energy Efficiency Greg Combet has also announced that the National Solar Schools Program, which has assisted more than 2,600 schools, will close in June 2013, two years earlier than previously scheduled. Combet announced that savings from this will be directed to new proposals including funding for energy efficiency, greenhouse and energy reporting, and the Solar Cities programs, which hs been allocated $13.7 million in additional funding over two years to support seven Solar Cities: Adelaide, Alice Springs, Blacktown, Central Victoria, Moreland, Perth and Townsville - which will be trialling new sustainable models for electricity supply and use.

    Other annoucements include:
    - $84.2 million over four years for the continuation and expansion of the Environmental Stewardship Program to continue to protect Australia’s unique biodiversity.


  • >> LATEST NEWS: Read up-to-the-minute budget updates
    and industry live from Canberra

    RELATED VIDEOS: How will the budget announcements affect your industry?

    What the Federal Budget means for the Environment & Renewable Energy sector

    May 10: Following the release of the 2011 Federal Budget, industry experts share their instant views on what implications the budget will have on the enviroment and renewable energy sector:

    PROFESSOR MICHAEL DIRKIS, UNIVERSITY OF SYDNEY

    “We are certainly seeing the money come in for things like biosecurity systems and green pathways for native animals, which is all very positive, as is the drought proofing and the start of the sustainable cities regime. They are all good starting points.”

    “It is disappointing to see some initiatives removed, such as the solar schools and the deferral of the green buildings initiative. They realise that they can’t do everything.”

    “Like everyone, I’m disappointed – but it’s not unexpected – that we have nothing on the carbon price process …”

    “You expect to see a wide spread of different initiatives across a broad range of solutions, and at this stage they are holding off making any major announcements until they get the carbon price sorted.”
     

    Meanwhile, stay in the loop with our pre-budget updates on Environment & Renewable Energy:

    April 2: Treasurer Wayne Swan doorstop interview in Brisbane:

    JOURNALIST: So the carbon price details – will that come on Budget day or...

    TREASURER SWAN: No, it will be coming after the Budget. We’ve made that very clear from day one. What we have said is that we will consult widely. We are consulting with the business community. The business community needs certainty to invest. We need investment in future power generation. We need investment to drive renewable energy. We’ve just been over there looking at the solar panels on the boat. We need to, as a country, ensure there is investment in renewable energy so we can deal with dangerous climate change. That's what an emissions trading scheme is all about. It’s a responsible move to reduce pollution in our atmosphere so we can secure the future of our environment and our economy.

     

    Need the complete details on the budget implications for Environment & Renewable Energy?

    For more details on our industry-specific Budget Briefing Papers, listing every announcement with links to the full text budget releases, click here.

    Alternatively, to find out how you can order next-day delivery of your full set of budget papers, click here.


     













      • Capital Monitor Trial

      • Sign Up for Capital Monitor Trial



                                                                      
                                                                                         
    About CapitalMonitor | About LexisNexis