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 firstname.lastname@example.org
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.