Australia Brings Money to Global Warming Fight

From the Irish Examiner:

Australia pledges €300m to fight global warming

With Australia in the grip of its worst drought in a century, the government is set to announce an AUS$500m (€300m) [blog editor: $378.8 million U.S. dollars] package aimed at preventing global warming.

Australia, already one of the world's driest continents, has been suffering from below-average rainfall for the past several years, crippling farm production and raising concerns about the possibility of irreversible climate change.

However, Australia is one of only two industrialised nations worldwide, along with the United States, that have refused to sign the Kyoto Protocol on global warming which calls for dramatic cuts in carbon dioxide output, also known as greenhouse gas emissions.