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On September 30, the Australian government announced it will provide funding for the eventual closure of about 2,000 megawatts of lignite-fired generating capacity by mid-2016 or mid-2020
On July 10, Australian Prime Minister Julia Gillard unveiled a carbon price package involving a $24.60 starting price per metric ton, backed by a new Clean Energy Finance Corp. that would invest $10.7 billion over five years in renewable energy and other clean energy projects
