Rudd just released that he will be implementing $10 000 loans for working class families to enable then to install; water tanks, solar panels and other energy saving devices. These loans will help families cope with the initial cost of instillation and will provide them with an interest free way (except for a small fee to cover the inflation rate) to decrease their energy and water bills. Most importantly this policy will reduce the environmental impacts.
Rudd will implement the policy if elected in 2009. It is estimated that if the project is fully undertaken greenhouse gas emissions will decrease by 15 million tonnes per year.
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