Govt unveils $2.9b four year first shot at cutting carbon emissions

Govt unveils $2.9b four year first shot at cutting carbon emissions
(Image: Getty)
Ian Llewellyn
A large ramp up of subsidies to remove coal from industrial processes, along with paying people to scrap and replace their old cars are two major parts of the government’s plans to cut greenhouse gas emissions.The first emissions reduction plan (ERP) released today outlines the spending of $2.9 billion over four years from the $4.5b Climate Emergency Response Fund (CERF), which is powered by revenue gained from the emissions trading scheme (ETS).The Treasury said due to the rising cost of carbon, the government will have $800 million more...

More Climate change

Building for Climate Change is good regulation
Opinion

Marty Verry: Building for Climate Change is good regulation

The construction industry needs certainty to go ahead with minimising emissions.

Marty Verry 27 Jun 2024
Wall St backers see breakthrough moment for carbon offsets
Climate change

Wall St backers see breakthrough moment for carbon offsets

Promoters' big wins include Biden administration's blessing of the credits.

Bloomberg 22 Jun 2024
Climate change is coming for the finer things in life
Climate change

Climate change is coming for the finer things in life

Coffee. Wine. Olive oil. Cocoa. 'It does feel a little apocalyptic'.

Climate adaptation work 'uncoordinated and disorganised', minister says
Policy

Climate adaptation work 'uncoordinated and disorganised', minister says

Officials have been told not to put their head in the sand.

Greg Hurrell 12 Jun 2024