Our site uses cookies to facilitate your visit. By continuing, you agree to our use of cookies.

Cookie compliance notification

List of Cookies used on Argus Media

Analytics Cookie

These cookies allow us to count page visits and traffic sources so we can measure and improve the performance of our site, using a service provided by Google Analytics. The analytical cookies are non-intrusive, which explains why they are already set when a user accesses this website.

Cookies used: __utma, __utmb, __utmc, __utmz

Compliance Cookies

This cookie is placed if you click the Hide button in this message. It tells us you have read the message and stops this message from displaying.

Cookies used: CookieLawCompliance

Functional Cookies

These cookies are used to enable core site functionality like login and logout. They do not contain any personal information and are automatically deleted when you close your browser.

Cookies used: ASP.NET_SessionId

Japan

In Japan? You can go to Argus Japan

X

You are here:

Australia’s Queensland to cut renewable energy schemes

11 Sep 2012, 6.50 am GMT

Sydney, 11 September (Argus) — Australia's Queensland state government will cut funding to several renewable energy and greenhouse gas emissions reduction programmes to try and balance its finances.

Today's budget announcement said that Queensland could save A$431.2mn ($445.4mn) over four years by abolishing the Queensland climate change fund, the Queensland renewable energy fund and the climate smart home service.

The conservative Liberal National Party (LNP), which was elected earlier this year after 14-years of Labor rule, has unveiled several policies unfriendly to the renewable energy sector, including cutting the solar feed-in tariff from 44¢ to 8¢/kWh for new customers from 10 July 2012. Queensland's electricity bills will be 18pc cheaper without the renewable energy schemes, state energy minister Mark McArdle has said.

Send comments to feedback@argusmedia.com
km/rjd 2.6



If you would like to review other ArgusMedia.com content options, request more information about Argus' energy news, data and analysis services.

Copyright © 2012 Argus Media Ltd - www.ArgusMedia.com - All rights reserved.

View more news articles