User login

A Community of Green Bloggers & Activists

Australia Supports Clean Coal and Solar Power

      * View     * Edit     * Track     * Nodequeue  Australia Supports Clean Coal and Solar Power

The Australian government recently passed an economic stimulus package similar to the one in the United States.  This package consists of $3.5 billion over nine years for clean energy demonstration projects and the establishment of a national renewable energy research body. There are two big winners in this legislation that will recieve nearly all the funding; clean coal and solar power.

Clean coal is slated to recieve $2 billion in additional funding for projects proving economic viability.  These projects will go through a tender competitive process and may use one third government funding for the total project cost.  To an average American this may seem a large amount for such an unproven theory, but Australia has a vested interest.  Australia's coal mining industry is a vital part of the countries GDP, making up to 5% of the whole, and one of the largest in the areas.

Solar also is getting a substantial amount of the surplus.  In total $1.35 billion is expected to fund four giant solar projects, using solar thermal or solar photovoltaic technologies.  There is also $100 million in funding for mor research in the solar field and $270 million in rebates for solar installation in homes.  This is a logical step espescially for a country with such large solar reserves.

 

 

Comments

Sounds good...

Now let's see how things progress as funds get dispersed.... And this also raises controversy over the efficacy of clean coal technology.

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.