Climate and environment programs in 2022-23 partly funded by redirecting $746.9m from those promised by Coalition
- Follow the latest federal budget 2022 reaction
- Explore all of our 2022 Australia federal budget coverage
- Get our morning and afternoon news emails, free app or daily news podcast
Labor has revamped Australia’s response to climate change and environmental degradation, redirecting nearly $750m in Coalition commitments, including some spending on gas and carbon capture and storage.
As revealed by Guardian Australia, the first Albanese government budget scrapped a Scott Morrison-era electricity generation underwriting scheme that was promised, but failed, to build up to five new gas-fired power generators and six hydro plants. It also reduced and “realigned” support for CCS away from new fossil fuel developments.
Sign up for our free morning newsletter and afternoon email to get your daily news roundup