Don't forget all that the carbon tax is set to be voted on in Canberra on Wednesday, Oct 12.
When it's passed that means that a $10 billion new commercially oriented Clean Energy Finance Corporation (CEFC) will be established to drive innovation through commercial investments in clean energy through loans, loan guarantees and equity investments.
The CEFC will leverage private sector financing for renewable energy and clean technology projects, investments critical to the transformation of the Australian economy. It will identify projects and remove barriers that would otherwise prevent the financing of large scale renewable energy projects.
Investments will focus on renewable energy, energy efficiency and low emissions technologies and the transformation of existing manufacturing businesses to re-focus on meeting demand for inputs for these sectors.
The CEFC will be run by an independent Board made up of experts in banking, investment management and clean energy and low emissions technologies.
Anyone's thoughts on how the dye SP will react? ; )
GSL Price at posting:
33.0¢ Sentiment: LT Buy Disclosure: Held
