WEDNESDAY 12 MAY, 2010 |
Australian Budget - Renewable Energy Reactions
As with any Budget, last night's announcements met with a mixture of optimism
and criticism from various corners in relation to renewable energy.
To recap, the highlights of the Budget relating to renewables-sourced power
generation and energy efficiency were:
- The new $650 million Renewable Energy Future Fund
- Details of $110.5 million from existing renewable energy programs in
of solar projects
- Proposals that have reached the second stage of assessment
for Round One of the $1.5 billion Solar Flagships
- $1.8 billion for the Resource Exploration Refundable Tax Offset, under which
technologies such as geothermal power and wave energy will be eligible.
- Funding to establish up to 10,000 training places
for industries including renewable energy.
- An additional $102.7 million will also provide an added 600,000 home sustainability assessments
Reactions to the announcements were varied:
Clean Energy Council
Chief Executive Matthew Warren:
"Last nightís budget was a step in the right direction. But there is
still more work to be done."
Mr. Warren also pointed out swift reform of the Renewable Energy Target in this
session of Parliament was needed as well as development of targeted clean tech
on ABC radio
, leader of the Australian Greens Bob Brown had the following to
say about the $650 million Renewable Energy Future Fund:
"Thatís the a drop it the bucket compared to what is required in terms of
action the Greens would take with our carbon tax, which is real action on
According to The
Age, Greenpeace criticised $2 billion in extra funding for "clean
coal", calling it is a waste of money which should go to renewable
The Age also reported John Connor, chief executive of the Climate Institute,
welcomed the budget boost for clean energy technology, particularly solar power;
but was non-committal about funding for Carbon Capture and Storage (CCS)
technologies, saying in reference to the debate about whether CCS will work that
it shouldn't be left to "hang around like a bad smell" .
The Liberal Party issued a media release that didn't address renewable energy
directly, but the related issue of climate change, saying "Having shelved
its response to what Kevin Rudd described as "the greatest moral challenge
of our time", the Budget demonstrates that the Government does not have a
credible policy on climate change."
While much of the Budget was clear as to how much funding was going towards what
in terms of renewable energy; the wild card remains the Renewable Energy Future Fund
full details of which are yet to be announced by the Government.
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