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Not a winner … the scheme was meant to make $1.1 billion available in subsidies and tax concessions over five years. Picture: Tracee Lea
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- Only 11,000 First Home Saver accounts
- Predictions there would be 730,000 by 2012
- Money “would be better spent elsewhere”
The scheme was meant to make $1.1 billion available in subsidies and tax concessions over five years to help young people save house deposits.
But since the FHSAs became available in October last year, the take-up has been embarrassingly small and most of the money is unspent, The Daily Telegraph reports.
Heat and power plants could triple their energy output, report says
Heat and power plants could triple their energy output, report says
- guardian.co.uk, Thursday 19 June 2008 10.13 BST
- Article history
The energy produced by power plants that provide both heat and electricity could be almost tripled in the UK, according to an analysis of nine industrial sites. So-called combined heat and power (CHP) plants are far more efficient than conventional power stations because they harness heat that is normally wasted, by piping it to industrial or domestic users.
The report was written by Pöyry Energy Consulting for Greenpeace, and the additional CHP energy generation it suggests is feasible on the nine sites is equivalent to the energy needs of more than two-thirds of UK homes and half the nation’s natural gas imports. Currently 5.5GW of electricity is produced by CHP plants, but the new report suggests there could be up to 16GW more, the equivalent of 8 nuclear power stations.
Obama calls for cooperation on clean energy abd green jobs in Mideast
Obama calls for cooperation on clean energy and green jobs in Mideast 0
No one expected President Barack Obama’s speech in Cairo today to focus on climate change, and it didn’t. Obama didn’t use the words “climate” or “environment,” but rather talked about the usual Middle East challenges—the Israeli-Palestinian conflict, the wars in Iraq and Afghanistan, Iran’s nuclear ambitions, the distrust of American influence, and the struggles of democracy in the region.
The Middle East won’t be immune from the effects of climate change, however, and a hard-core environmentalist might argue Obama should have used this opportunity to remind the region that climate could exacerbate or trump all of its current problems.
Mining ‘more important’ than farming
Mining ‘more important’ than farming
AAP © [Enlarge photo]
The NSW government has been urged to listen to the concerns of farmers after assertions from the premier and a senior minister that mining is more important to the state than farming.
NSW Primary Industries Minister Ian Macdonald on Friday supported Premier Nathan Rees’ statement that mining was more economically valuable than farming.
Mr Rees’ comments came after farmers demonstrated outside NSW Parliament House on Thursday to stress their concern that agricultural land was being “sacrificed” to mining.