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He said Australia needed to urgently adopt an "effective" emissions reduction policy.
At risk is the Paris climate accord, which only came into force last week, and Obama's linchpin emissions reduction policy, the Clean Power Plan.
"The $500m package represents a meaningful, responsible and measured investment that is consistent with and optimises the federal government's emissions reduction policy," Speakman said.
"Three of Australia's leading groups representing businesses in critical sectors of the economy have welcomed today's repeal of the carbon tax as the first step in moving towards an emissions reduction policy that works for the economy and the environment.
He sees this both as an emissions reduction policy and a productivity policy, since storage would help reduce the huge "peaks" in electricity demand which force spending on additional capacity in electricity "poles and wires", with the costs passed on to consumers.
EDS is known to cover the corporation's disclosure policy issues on their CO2 emissions, energy consumption, total waste, energy efficiency policy, and emissions reduction policy.
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Policymakers must not let shale gas become a smokescreen obscuring the need for robust emissions reduction policies.
ABC News Australia Pielke, RA (2011), An evaluation of the targets and timetables of proposed Australian emissions reduction policies.
The chief executive of the Business Council of Australia, Jennifer Westacott, stopped short of directly criticising the government but stated support for bespoke emissions reduction policies per sector.
To put this simply: lecturing the state governments about their emissions reduction policies tends to work better if you have a clear medium-term pathway of your own.
Denmark was becoming a model country, Burck said, with the report praising the country's "ambitious renewable energy and emissions reduction policies".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com