Energy Innovation Fund

In its 2007 election manifesto, the ALP stated that it would establish a $150 million Energy Innovation Fund "to keep our world leading scientists and researchers in Australia, rather than losing them overseas."

In mid November 2007 Labor leader Kevin Rudd detailed that his government would provide $90 million over the first three years. In its costings, the ALP stated that the government would contribute $24 million, $30 million and $36 million in 2008-2009 through to 2010-2011.

2008 Budget Decisions
In its 2008-2009 budget, the Rudd government announced that the fund would be funded to the tune of $150 million over four years from 2007‑08. The funding was for $40.9 million in 2008-2009, $51.2 million in 2009-2010, $36.3 million in 2010-2011 and 	$21.7 million in 2011-2012.

Related SourceWatch articles

 * Accra Climate Change Talks 2008
 * Australia and Post-Kyoto Protocol negotiations on greenhouse gas emissions
 * Clean Development Mechanism
 * COP14
 * COP15
 * Emissions Trading
 * Joint Implementation
 * Kyoto Protocol
 * The Australian Labor Party's 2007 Election Campaign Climate Change Policies
 * United Nations Framework Convention on Climate Change