Australian Federal Budget Update

Archived News, Posted on 11 May 2011

Federal Budget Update 2011
10 May 2011
Lauren Solomonn Clean Energy Council

With the Federal Government largely going into this budget focused on workforce participation and cost of living pressures it was a quiet night for renewable energy. There was no mention of climate change or renewable energy in the budget speech, showing the government’s intention to highlight a carbon price as its flagship support for the sector.

Key changes in tonight’s Budget include:

  • • The expanded $102.2 million Emerging Renewables program to support the development of emerging renewable energy technology, a win for technologies such as geothermal and ocean energy
  • • $53.2 million additional funding over four years to provide the Office of the Renewable Energy Regulator (ORER) with the resources necessary to administer new statutory responsibilities resulting from the amendments to the Renewable Energy (Electricity) Act 2000 made in June 2010
  • • $13.7 million in additional funding over two years to Solar Cities to ensure delivery of program objectives
  • • $20.2 million in additional funding over four years to support delivery of the National Greenhouse and Energy Reporting Act 2007
  • • $13 million additional funding over four years to support energy efficiency initiatives identified in the National Strategy on Energy Efficiency
  • • The National Solar Schools Program will close on 30 June 2013, reducing the budget for this program by $156.4 million. Successful schools in the 10/11 funding round will receive grant payments. There will be two further rounds for 11/12 and 12/13.

The Federal Government re-confirmed funding for large scale solar generation through the $1.3 billion Solar Flagships program. In addition, $20 million will be provided to establish the Australian Biofuels Research Institute, including a $5 million grant to James Cook University in Townsville for a biofuels development project.

The Clean Energy Council has submitted a proposal to the Federal Government for the establishment of a Carbon Bank, with a portion of the revenue from a carbon price to be channelled into renewable energy investment.

The CEC continues to press home the importance of including energy efficiency measures and investment in new emerging technologies as part of the government’s delivery of a carbon price.



Lauren Solomon
Policy Manager
Clean Energy Council

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