2. Compendium of Priorities and Initiatives (continued)
Climate Change
National Carbon Accounting Toolbox
The Government is providing $16.1 million over four years to develop the National Carbon Accounting Toolbox. The initiative will support decision making on potential entry of land‑based sectors into the Carbon Pollution Reduction Scheme (CPRS). It will be a cost‑effective, nationally consistent emissions estimation tool for forestry and agriculture.
Preliminary development of agriculture emissions estimation capability will be undertaken to provide for trial reporting in 2011 ahead of decisions in 2013 on CPRS coverage of agriculture.
The toolbox currently provides a capability that enables forestry emissions estimations and will provide the consistency that is necessary to underpin coverage of forestry in the CPRS forestry from the year 2011.
Climate Change Action Fund
The $2.75 billion Climate Change Action Fund (CCAF) will begin helping business, industry and community organisations prepare for the introduction of a carbon price by providing information and capital grants to reduce energy use.
The Government has committed through the CCAF to provide structural adjustment assistance for workers, communities and regions where a clear, identifiable and significant impact arises, or is highly likely to arise, as a direct result of the CPRS.
The fund will provide funding to assist coal mines, especially those with high fugitive emissions. There will be associated benefits for the communities that rely on them.
Further information
Further information about these and other climate change initiatives relating to rural and regional Australia is available at www.climatechange.gov.au.
If www.budget.gov.au responds slowly or you are having trouble downloading a document, try one of the Budget Website Mirrors
Note: Where possible, Budget documents are available in HTML and for downloading in Portable Document Format(PDF). If you require further information on any of the tables or charts on this website, please contact The Treasury.
