The Australian Clean Energy legislative package, which put a price on carbon emissions and promotes renewable energy, has been passed by the House of Representatives.
By Kari Williamson
The 19 Bills comprise the Clean Energy legislation and the Steel Transformation Plan Bill, which put a price on carbon emissions, promote investment in renewable and clean energy technologies, and support action to reduce carbon pollution on the land.
The legislation will now be introduced to the Senate, and aims to be passed through the upper house by the end of the year. According to media reports, there could be over US$13.2 billion on the table for renewable energy and other low-carbon investment if the legislation passes the Senate.
Australia is currently one of the top 20 polluting countries in the world.