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April 29, 2008
Australia Pledges $12.1 billion For Water Conservation
In Canberra, Australia today it was announced that the Australian government will spend US12.1 billion, including $2.9 billion to purchase river water from farmers to revitalize Australia's river systems so devastated by drought.
"We know there have been over-allocation problems and therefore we're happy to talk to the government about buying back water as long as it's from willing sellers," said Ben Fargher, CEO of the National Farmers' Federation.
Brian Sharp, a mayor in a Murray River farming district, said, "The cost of food will certainly rise; the nation's exports will drop."
"Climate change means most Australian cities and towns have less water and we can no longer rely on local rainfall to supply all our drinking water," Minister for Climate Change and Water Penny Wong said in a statement.
The largest portion of the investment will be used to reduce water waste and increase water use efficiency in Australian cities and farms.
Australia is the driest continent in the world after Antarctica and all major cities are running low on drinking water, as reported by the Associated Press, and published by the International Herald Tribune.
Posted by Stephen Betheil at April 29, 2008 11:19 AM
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