Around 1998 4ZZZ, 4MBS, and Family Radio started broadcasting from the one installation at Mt Coot-tha. Prior to this 4MBS and Family Radio had merely leased land beside 4ZZZ but then Brisbane City Council decided that having three transmission towers and huts in the one place was an eyesore and encouraged the three radio stations to share facilities. This resulted in the three radio stations developing a company called Broadcasting Park to negotiate with the Council. This company consisted of three shares, one owned by each member station.
Government's emissions reduction fund off to a shaky start
Industry polluters made bids on the $2.5 billion fund by committing how much they will reduce emissions by and then setting a price per tonne of carbon. The Government awarded contracts to bidders who offer to reduce carbon at the cheapest price.
However analysts who established the model have admitted they cannot see the scheme working.
The Direct Action auctions are part of Australia’s efforts to reduce Australia’s emissions by 5% of the year 2000 levels.
Environment Minister Greg Hunt is on leave for the for the launch of the Emissions Reduction effort.