australian govt provides a$15b to cut carbon, page-3

Here is a nice summary of what is in the budget for clean energy.

Clean Energy to get $3.5 billion

The government will invest $3.5 billion in a new clean energy initiatives designed to enhance innovation and investment in clean energy generation.

“The government is committed to tackling climate change and encouraging further innovation in low emissions and renewable technologies that will help create the low-pollution economy for the future,” the government said.

The funding will comprise $2 billion over nine years in carbon capture and storage projects (CCS) under a CCS Flagship program. The projects are expected to include a carbon dioxide storage hub and should demonstrate a range of technologies to capture carbon dioxide from coal-fired power stations.

The government said it would establish up to four new Solar Flagship projects to demonstrate the viability of solar technologies.

The government also said it would establish a new innovation body, Renewables Australia, to promote the development, commercialisation and deployment of renewable technologies.