Home > MYEFO > Part 4: Fiscal Strategy and Outlook > Appendix A: Policy Decisions Taken Since the 2008‑09 Budget > Expenses Measures > Resources, Energy and Tourism

Resources, Energy and Tourism

Ethanol Distribution Program — additional funding

Expense ($m)
	2007‑08	2008‑09	2009‑10	2010‑11	2011‑12
Department of Resources, Energy and Tourism	-	6.0	-	-	-

The Government will provide additional funding of $6.0 million in 2008‑09 for the Ethanol Distribution Program to meet higher than expected demand for grant payments under the program. The Ethanol Distribution Program provides grants of up to $20,000 for retail service stations as a contribution towards the cost of installing or converting the infrastructure necessary to supply ethanol blended petrol, and thus encouraging the take-up of those fuels.

Global Carbon Capture and Storage Institute

Expense ($m)
	2007‑08	2008‑09	2009‑10	2010‑11	2011‑12
Department of Resources, Energy and Tourism	-	100.0	100.0	100.0	100.0

The Government will provide $400.0 million over four years to establish a Global Carbon Capture and Storage Institute. The Global Carbon Capture and Storage Institute will accelerate the take up of carbon capturing projects by facilitating demonstration projects and identifying and supporting necessary research on related topics including regulatory settings and frameworks. Details of the Global Carbon Capture and Storage Institute and its operations will be developed in consultation with stakeholders that have an interest in carbon capture and storage, including foreign governments, industry and various international bodies.

Part of this measure will be funded from the redirection of funds from the National Low Emission Coal Initiative (formerly known as the National Clean Coal Fund). See also the related expense measure titled National Low Emission Coal Initiative in the Resources, Energy and Tourism portfolio.

Further information can be found in the press release of 19 September 2008 issued by the Prime Minister and the Minister for Resources, Energy and Tourism.

National Low Emission Coal Initiative

Expense ($m)
	2007‑08	2008‑09	2009‑10	2010‑11	2011‑12
Department of Resources, Energy and Tourism	-	-6.3	-18.8	-18.8	-20.0

The Government will redirect funding of $100.0 million over seven years (including $20.0 million in 2012‑13 and $15.2 million in 2013‑14) from the National Low Emission Coal Initiative (formerly known as the National Clean Coal Fund), to fund the initial cost of establishing the Global Carbon Capture and Storage Institute.

The National Low Emission Coal Initiative, detailed in the 2008‑09 Budget, will provide funding of $500 million over eight years to support clean coal and advanced fossil fuel technology development. See also the related expense measure titled Global Carbon Capture Storage Institute in the Resources, Energy and Tourism portfolio.

Further information can be found in the press release of 19 September 2008 issued by the Prime Minister and the Minister for Resources, Energy and Tourism.

Queensland tourism — additional assistance

Expense ($m)
	2007‑08	2008‑09	2009‑10	2010‑11	2011‑12
Department of Resources, Energy and Tourism	-	2.0	-	-	-
Tourism Australia	-	2.0	-	-	-
Total	-	4.0	-	-	-

The Government will provide $4.0 million in 2008‑09 to assist the Queensland tourism industry. The Queensland government will match the Commonwealth contribution with a further $4.0 million to implement the measure. Assistance provided will be used to fund marketing initiatives that will help generate sustainable growth for the tourism industry in Queensland and particularly the Tropical North Queensland region.

Further information can be found in the press release of 11 June 2008 issued by the Minister for Resources, Energy and Tourism.

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