Bloomberg: Australia will spend A$652 million ($588 million) on a fund to develop renewable energy after shelving its carbon-trading plan earlier this year. “We will roll out the most substantial renewable energy plan this country has seen,” Treasurer Wayne Swan said in his budget speech today. “This government accepts the science of climate change and the need for combined global and domestic action.” Swan said the so-called Renewable Energy Future Fund would be part of an expanded A$5.1 …