PLEA Network

13 May 2015, The Conversation, Budget brief: what’s in the budget on climate change and renewables? Not much was announced in last night’s budget on climate change and renewable energy. However, a total of A$400 million was announced for drought assistance and tax breaks for farmers to implement water infrastructure, which could become increasingly necessary given we are seeing possibly the biggest El Niño – a phenomenon often linked to drought in Australia – since 1997-98. Although not badged as such, this could be considered as climate-related finance to deal with increasingly extreme drought, and flood, climatic conditions in Australia. ….Unfortunately, the rest of the budget doesn’t show much change in the current rate of climate change investment. Read More here