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Australia’s new Prime Minister wants huge renewable energy investment

In 2007, Australia committed to ensuring 20% of electricity supply to come from renewable energy sources by 2020.

Gillard wants ‘record investment’ in renewable energy, Recharge   Lee Hong Liang 21 July 2010, Australia’s new Prime Minister Julia Gillard has promised to spend a “record” amount of money to develop the country’s solar and renewable energy sector. In her address to the nation on Saturday, Gillard outlined major policies for the country, including investments in clean energy.

“Moving forward means making record investments in solar power and other renewable energies to help us combat climate change and protect our quality of life,” Gillard says.

Gillard has at her disposal a $652m fund, announced in the May budget, that is to be spend on renewable energy and energy efficiency measures……

In 2007, Australia committed to ensuring 20% of electricity supply to come from renewable energy sources by 2020.

The commitment was passed into law on 23 June this year and the legislation will come into force on January 2011……. Gillard wants ‘record investment’ in renewable energy – Politics – Renewable energy news – Recharge – wind, solar, biomass, wave/tidal/hydro and geothermal

July 22, 2010 - Posted by Christina Macpherson | AUSTRALIA, renewable | AUSTRALIA, climate change, energy efficiency, global warming, renewable energy, solar, water