Monday, December 5, 2011

New Spending in US and Australia

Far from Durban, new spending has been announced for geoengineering-related technologies. In the US, a "minibus" spending bill (HR 2112) for the Departments of Agriculture, Commerce, Transportation, and others was signed into law last month. Provision for $2 billion in spending on fossil-fuel CCS was folded into the bill, funds which are now available for new or existing plants.

In Australia, the government announced AUD$2 million in biochar research grants as part of its Carbon Farming Initiative (CFI) roll-out (see Australian Carbon Farming Passes, 8/22). Grants will be made under a new Biochar Capacity Building Program (BCBP), intended to spur agricultural investment in biochar and participation in the national carbon market set to launch next year.

No comments:

Post a Comment