Wednesday, 15 May 2013
Questions without Notice
Thank you, Mr President. I redirect the question then to Senator Lundy, the Minister representing the Minister for Climate Change, Industry and Innovation. Given the government has said that the funding to climate related programs has been cut or deferred because, when trading starts, the carbon price is likely to be lower than anticipated, and since the trading period does not start until 2015-16 and there are no changes to the value of carbon permits in the fixed-price period, why have you reduced funding to the Australian Renewable Energy Agency to the tune of $113 million over the next two years?