Australia commits A$2bn to climate change battle

The Australian resources and oil and gas sectors have welcomed the recommendations made in the King Review as well as the government’s commitment to a A$2-billion Climate Solutions Fund.

The King Review which was commissioned in October of last year to identify new opportunities to unlock low cost abatement across the economy, and has made 26 recommendations across three themes, including enhancing the Emissions Reduction Fund to encourage greater participation, incentivizing voluntary emissions reductions on a broader scale, and unlocking the transformative low emissions technologies that businesses need.