· 2 min read
illuminem summarizes for you the essential news of the day. Read the full piece on The Guardian or enjoy below:
🗞️ Driving the news: Victorian landowners whose views are impacted by new power transmission lines may receive one-time payments of up to $40,000 under a new state government plan
• VicGrid, the new transmission planning agency, is consulting on a scheme where funds from power companies would compensate affected communities
• Properties with lines built on them would receive $200,000 per kilometer, paid annually over 25 years
🔭 The context: The plan responds to backlash from communities in western Victoria against proposed high-voltage transmission lines needed for renewable energy projects
• These lines, including the VNI West and Western Renewables Link, have faced opposition due to their visual impact and potential economic effects on properties
🌍 Why it matters for the planet: The compensation plan aims to facilitate the transition to renewable energy by addressing community concerns, essential for achieving net-zero emissions
• Engaging and compensating local communities is crucial for successfully implementing large-scale renewable projects
⏭️ What's next: The consultation on the scheme closes on June 16, with a final plan expected by late 2024
• Legislation to establish the community benefit scheme is anticipated to be introduced in early 2025
💬 One quote: "This is about partnering with communities, partnering with landholders... it’s only fitting that we make an investment into the communities where that impact is being felt," said government minister Harriet Shing
Click for more news covering the latest on power & utilities
