Australia will meet its international climate targets without wrecking the economy and driving power prices sky high.
The Liberal Government today announced a $3.5 billion Climate Solutions Package.
Prime MinisterScott Morrison said Australians recognise climate change and the importance of protecting the environment.
“We will meet our global commitments, and do what is right for our environment, without taking a wrecking ball to the economy.
“We have an obligation to preserve the environment for our children. We also have an obligation to hand over a strong economy, where our kids and grandkids can get jobs.
“We will meet our commitments in practical ways by working with land holders, farmers, businesses and indigenous communities.
“There will be further announcements ahead but as part of the $3.5 billion Climate Solutions Package, we will invest a further $2 billion in the Climate Solutions Fund.”
The Climate Solutions Fund will build on the success of the Emissions Reduction Fund (ERF) which has contracted 193 million tonnes in emission reductions.
The Minister for the Environment Melissa Price said that Climate Solutions Fund will ensure the ERF delivers a further 103 million tonnes in emission reductions to 2030. This will make a key contribution to us meeting our 26% emissions reduction target under the Paris agreement.
“We are working with people on the ground to reduce emissions and lead real environmental change.
“The ERF is investing in our farmers to help them revegetate degraded land, to protect existing forest areas and to increase habitats for our native species.
“We are working with businesses to invest in the adoption of energy efficient business practices that are reducing costs and working with waste managers and with recyclers to reduce waste emissions.
“We are working with indigenous communities in projects such a savannah burning where traditional land care practice is blended with modern environmental science.”