1 year ago
53
Low-cost loans for double glazing, solar panels and other improvements should benefit more than 100,000 households, while $2bn is set aside for hydrogen projects
- Federal budget 2023 LIVE updates: Australia government budget announcement and speech – latest news
- Explore all of our 2023 Australia federal budget coverage
- Get our morning and afternoon news emails, free app or daily news podcast
About 110,000 households will be able to receive $1bn in low-cost loans for double glazing, solar panels and other energy improvements in changes the Albanese government says will make homes cheaper to run and easier to keep cool and warm.
It’s part of a $1.6bn “energy savings plan” announced in Tuesday’s budget that includes $300m funding to improve social housing and $310m in tax deductions for businesses that invest in renewable energy and energy efficiency measures.
Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup
$18m to reform management of Australia’s contentious carbon offsets scheme in line with recommendations from a review headed by Prof Ian Chubb. There is $5.9m to audit forest regeneration projects, which some experts say are not leading to real emissions cuts.
$872.5m in savings from scrapped water projects announced under the former Coalition government. It includes $595m over seven years from axing the controversial Dungowan dam in NSW.
Previously announced measures including a net zero authority to help manage the shift to a clean economy; a capacity investment scheme to underwrite clean, dispatchable electricity generation; and $262.3m for upgrades to degraded national parks.
Continue reading...