A new life for ARENA – and a controversial new mandate
Prime Minister Scott Morrison insists ARENA can't be a "closed shop" and should be investing — including in carbon capture and storage — to cut emissions and costs and create jobs. Image credit: Mick Tsikas/AAP
The government's A$1.9 billion energy technology investment, announced on Thursday, centres on an A$1.43 billion funding boost over the next 10 years enabling the Australian Renewable Energy Agency to keep operating.[.....]
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The government plans to remove the Clean Energy Finance Corporation's 50% renewables investment requirement, which department officials say is limiting its ability to invest in energy efficiency and other projects.