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Climate Smart 2050
The Queensland Government has determined that there is a need to set a target for greenhouse gas emissions reductions. In April 2007, at a meeting of the Council for the Australian Federation, Queensland and other Australian States and Territories agreed that a national emissions trading scheme would place Australian on a path towards achieving a 60 per cent reduction in national emissions by 2050, compared with 2000 levels.
In June 2007, the Queensland Government released its ClimateSmart 2050 strategy which contained several new Smart Energy Policy initiatives to further assist Queensland meet this target. Climate Smart 2050 positions Queensland's stationary energy sector to invest in new technologies and maximises energy conservation in Queensland businesses and homes.
The Smart Energy Policy initiatives include:
- $50 million Queensland Renewable Energy Fund
- $55 million Smart Energy Savings Program including the Queensland Smart Energy Savings Fund
- 10% Renewable and Low Emission Target Scheme
- Solar Feed-in Tariff for homes
- $7.25 million ClimateSmart Homes Rebate program
- $500,000 to supply Home EnergyWise Tools with the Home WaterWise service
- $10 million Geosequestration Site Identification
- $900 million investment to demonstrate clean coal technology
- Increase of Queensland Gas Scheme from 13 per cent to 15 per cent by 2010, with the option to increase the target to 18 per cent by 2020
- a policy regarding new coal-fired generation facilities in Queensland
- Queensland Renewable Energy Plan
