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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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.
Senators question the federal government's spending on two coal projects, as the government holds back a consultant's report justifying one proposal, and admits it's still working on criteria to allocate money to the other.