There are billions of dollars of broken promises in the Abbott government’s first budget for low-emission and renewable energy programs – and wiggle room to break even more in the next few years.
Among last weeks budget surprises was that government has budgeted to spend just A$1.15 billion, or less than half of its centrepiece A$2.55 billion Emissions Reduction Fund over the next four years.
Environment Minister Greg Hunt says the full amount could still be spent, with funds to “be allocated flexibly over time”.
But anyone with a long memory will be watching this very closely: under the Howard government, more than $360 million was budgeted but not spent on climate programs.
Read the full and indepth article authored by Alan Pears AM – Sustainable Energy and Climate Researcher at RMIT University, and published recently in ‘The Conversation’.