ARTICLE · 11 SEPTEMBER 2007

Budget 2007-08 - Climate Change Measures

Clayton Utz

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The Federal Government has invested $741 million in climate change measures in the 2007-08 Budget.

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Emma Covacevich

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The Federal Government has invested $741 million in climate change measures in the 2007-08 Budget. The key industry measures supporting actions by governments, industry and individual households to reduce greenhouse emission are:

$197.2 million towards the new Global Initiative on Forests and Climate to reduce global emissions from deforestation, which accounts for 20 percent, or 6 billion tonnes, of total emission annually

$170 million for measures to help Australia adapt to the impacts of climate change

$150 million for the Government's popular solar rebate programme

$59.6 million to accelerate the production of greenhouse friendly transport fuels

$18.5 million to reduce greenhouse gas emissions from underground coal mine activities

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