The first official act of the Rudd government, on 3 December 2007, was to ratify the Kyoto Protocol. Rudd attended the UN Climate Change Conference in Bali, Indonesia, in December 2007 just ten days after being sworn in. In February 2008, the Prime Minister told Parliament that "the costs of inaction on climate change are much greater than the costs of action" and that "Australia must... seize the opportunity now to become a leader globally". In the 2008 budget, the Rudd government set out its climate agenda which included an emissions trading scheme and a number of renewable energy, energy efficiency and research, development and demonstration (RD&amp;D) programs.