Budget 2024: $76 Million for Global Climate Change Efforts, Including Bid for UN COP31
Published on May 14, 2024
The Albanese Labor government has allocated $76.2 million (US$50 million) over the next five years to engage in “international climate change” issues. Included in this funding, is support for the Australian government’s bid to host the next UN Conference COP31 together with Pacific nations. The budget papers also reveal that the federal government will more than double funding for the Net Zero Authority, set to be debated in Parliament on May 15. Treasurer Jim Chalmers delivered the 2024-25 Budget at 7.30 p.m. on May 13, stating in his speech the government’s priorities were helping with cost of living, building homes, and investing in local manufacturing to power the net zero transition....