CEFC bill to 'undermine' Australia's green bank

Deputy Secretary Jo Evans answers questions during a Senate hearing

Department of Industry, Science, Energy and Resources Deputy Secretary Jo Evans rejected evidence about the A$1 billion Grid Reliability Fund bill, insisting CEFC would remain independent. Image credit: Marion Rae/Australian Energy Daily

A looser interpretation of low emissions technology, redefining investment to include loss-making deals, and new ministerial powers will undermine the commercially successful Clean Energy Finance Corporation (CEFC), a parliamentary inquiry heard today.[.....]

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