Part 1: Expense Measures (Continued)
Climate Change and Energy Efficiency
Carbon Farming Initiative — establishment
| 2009‑10 | 2010‑11 | 2011‑12 | 2012‑13 | 2013‑14 | |
|---|---|---|---|---|---|
| Department of Climate Change and Energy Efficiency | - | - | - | - | - |
| Department of Agriculture, Fisheries and Forestry | - | - | - | - | - |
| Total | - | - | - | - | - |
| Related capital ($m) | |||||
| Department of Climate Change and Energy Efficiency | - | - | - | - | - |
The Government will provide $45.6 million over four years (including $4.4 million in 2010‑11, $16.1 million in 2011‑12, $13.1 million in 2012‑13 and $11.9 million in 2013‑14) to enable Australian farmers, forest growers and landholders that take action to reduce Australia's carbon emissions to generate credits that can be sold in domestic and international carbon markets.
Funding of $39.6 million (including capital funding of $1.6 million) will be provided to the Department of Climate Change and Energy Efficiency to develop a legislative scheme for crediting abatement, including offset methods and abatement projects, and to incorporate abatement into Australia's national emissions accounts.
Funding of $6.0 million will be provided to the Department of Agriculture, Fisheries and Forestry to support research on biochar as a further option for land managers to reduce Australia's emissions and generate offset credits, and to assist Landcare to provide information to farmers on the operation of the program.
The cost of this measure will be met from the existing funding provision for the Renewable Energy Future Fund.
This measure delivers on the Government's election commitment.
Climate Change Commission — establishment
| 2009‑10 | 2010‑11 | 2011‑12 | 2012‑13 | 2013‑14 | |
|---|---|---|---|---|---|
| Department of Climate Change and Energy Efficiency | - | - | - | - | - |
The Government will provide $5.6 million over four years (including $0.8 million in 2010‑11 and $1.6 million per annum from 2011‑12 to 2013‑14) to establish a Climate Change Commission. The Commission will inform the climate change debate by providing an independent source of information and expert advice to explain the science of climate change, report on the progress of international action and explain how a carbon price would impact on the Australian economy.
The cost of this measure will be met from the existing funding provision for the Renewable Energy Future Fund.
This measure delivers on the Government's election commitment.
Low Carbon Communities
| 2009‑10 | 2010‑11 | 2011‑12 | 2012‑13 | 2013‑14 | |
|---|---|---|---|---|---|
| Department of Climate Change and Energy Efficiency | - | - | - | - | - |
| Related capital ($m) | |||||
| Department of Climate Change and Energy Efficiency | - | - | - | - | - |
The Government will provide $80.0 million over four years (including $3.4 million in 2010‑11, $30.6 million in 2011‑12, $30.7 million in 2012‑13 and $15.3 million in 2013‑14) to assist local councils and communities to reduce carbon emissions and energy costs through energy efficient upgrades to community facilities, street lighting and council buildings. The program will also support investment in cogeneration facilities.
As part of this initiative, the Government will also provide $5.0 million to assist local councils to improve the management of parks and other green spaces in urban areas.
The cost of this measure will be met from the existing funding provision for the Renewable Energy Future Fund.
This measure delivers on the Government's election commitment.
Multi-Party Climate Change Committee — establishment
| 2009‑10 | 2010‑11 | 2011‑12 | 2012‑13 | 2013‑14 | |
|---|---|---|---|---|---|
| Department of Climate Change and Energy Efficiency | - | - | - | - | - |
The Government will provide $5.2 million over two years (including $4.2 million in 2010‑11 and $1.0 million in 2011‑12) for the establishment of a Multi-Party Climate Change Committee. The Committee will explore options for the introduction of a carbon price and assist in building community consensus for action on climate change. As part of this measure, the Government will also provide funding for an update of the Garnaut Climate Change Review, and for roundtables with business and non-government organisations and wider consultation across Australia.
The cost of this measure will be met from the existing funding provision for the Renewable Energy Future Fund.
This measure delivers on the Government's agreements with the Australian Greens and the Member for New England, Tony Windsor MP.
Further information can be found in the joint press release of 27 September 2010 issued by the Prime Minister, the Deputy Prime Minister and Treasurer, and the Minister for Climate Change and Energy Efficiency.
Renewable Energy Bonus Scheme — reduction in funding
| 2009‑10 | 2010‑11 | 2011‑12 | 2012‑13 | 2013‑14 | |
|---|---|---|---|---|---|
| Department of Climate Change and Energy Efficiency | - | -75.0 | -75.0 | - | - |
The Government will reduce funding under the Renewable Energy Bonus Scheme by $150.0 million over two years from 2010‑11, to reflect lower than expected demand for solar hot water heaters. This funding will be redirected to other priorities.
The scheme will now provide funding of $328.7 million over two years from 2010‑11, in response to lower than expected demand.
This measure delivers on the Government's election commitment.
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