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. Australiaʼs mission to cut 2020 emissions between 5 percent and 25 percent below 2000 levels would remain unchanged. However, the package design means the nation could almost immediately set course to achieve 2020 cuts deeper than the 5 percent minimum. The package also includes a goal to construct a national energy efficiency scheme that would require companies that sell electricity to help fund actions that make households and businesses more efficient.