Monday, 15 December 2008

Australia Brings Forward A$500 Million Green Energy Fund

Story from Reuters . . .

"SYDNEY - Australian Prime Minister Kevin Rudd called for a "solar revolution" on Sunday as he unveiled plans to bring forward a A$500 million (US$329 million) fund to promote renewable energy in a bid to stimulate the economy.

Speaking just a day before a key announcement on Australia's greenhouse gas emissions targets, Rudd said the fund's timescale would be brought forward from the original six-year plan to the next 18 months."It's good for jobs. It's good for stimulus. It's good for acting on climate change," Rudd said of the move. "It's time for Australia to begin a solar revolution, a renewable energy revolution and we've got to fund it for the future.""

full article available here . . .

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