Australia’s new climate policy will take more than $2bn from forests

Australia’s new climate policy will take more than $2bn from forests

August 22, 2021 Comments Off on Australia’s new climate policy will take more than $2bn from forests By admin

In May, the Abbott government announced a new policy that would require new coal-fired power stations to be constructed and upgrade to carbon capture and storage (CCS) technology to help reduce greenhouse gas emissions. 

Aboriginal communities would be responsible for funding the project.

In a statement on Monday, Minister for the Environment Josh Frydenberg said the scheme would help address the problem of Australia’s forest loss and provide $2.7bn over five years to the Australian Government’s National Heritage Fund, the ABC reported. 

“It is the right thing to do,” said Senator Frydenburg, who will make the announcement at the National Day of the Forest this weekend. 

It is not the first time that Australia’s Prime Minister has been forced to take on climate change. 

He was forced to make a $5.7 billion pledge for climate mitigation in the 2015 election campaign. 

In March 2017, Prime Minister Malcolm Turnbull was forced into a humiliating apology for climate change when he refused to attend a climate summit in Paris. 

This was a historic decision, but not because of the costs of a global climate crisis. 

Climate change was not a priority in the 2016 election campaign, and Australia’s climate policy has been slow to catch up to that change.

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