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Greens' carbon levy would make climate financing additional to existing aid

The Greens' proposal for an immediate levy on Australia's biggest polluters would ensure that financing for developing nations to tackle the climate crisis would be additional to existing overseas aid budgets, the Australian Greens said today.

The Rudd government can help to rebuild trust in global climate negotiations, particularly with our Pacific neighbours, by denying reports in today's press that it is considering dipping into existing aid budgets to fund the fast start climate financing program agreed at Copenhagen, which was clearly intended to be additional to existing aid budgets.

"One of the great benefits of our proposal for a climate levy on polluters is that it sets aside funds for financing climate action in developing countries," Australian Greens Deputy Leader, Senator Christine Milne, said.

"This proposal, still the subject of negotiations, is a great opportunity for the government to get climate action rolling in Australia and send a very positive signal to our developing country neighbours.

"We desperately need to rebuild trust in global climate negotiations over the course of this year.

"Double-dipping - or counting existing aid budget in our climate financing commitments - risks undermining trust at a critical moment.

"I trust that reports in today's press are incorrect and look forward to the government correcting the record today, committing to making climate financing programs additional to existing aid."

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