Australia signs $2.3b cheque for climate change action
14 May 2008
Australia is to spend $2.3 billion on a climate-change strategy, including $68 million for a domestic emissions trading scheme and $21.8m on the establishment of a Department of Climate Change.
Describing climate change as one of the biggest challenges that Australia faces, Federal Treasurer Wayne Swan outlined a range of measures that he would achieve “a streamlined set of climate change measures, a co-ordinated approach to developing a national renewable energy target, a climate change adaptation strategy, and effective energy efficiency measures.”
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