A new Australian Government was sworn in by the Governor-General on 3 December 2007, including the following Ministerial appointments:

Senator the Hon Penny Wong - Minister for Climate Change and Water
The Hon Peter Garrett AM MP - Minister for the Environment, Heritage and the Arts.

The Department of Climate Change was established on 3 December 2007 as part of the Prime Minister and Cabinet Portfolio.

Prime Minister Rudd’s first official act on behalf of the new government was to sign the Kyoto Protocol ratification document.

This Australian political development (and the world’s reaction to it) highlights the perceived present investment opportunity in companies taking to market new technologies aimed at improving climate quality for a sustainable world environmental future.

Posted: December 28th, 2007 under Political, Sector Observation.
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