Coal and gas-related projects could soon be funded by the Commonwealth Government through its clean energy financing agencies.
Key points:
The Coalition has announced its response to a review of its flagship $2 billion Climate Solutions Fund, which pays organisations to reduce their carbon emissions.
- The Government responded to a review of its $2 billion Climate Solutions Fund
- It agreed in principle that its agencies should work together "across sectors"
- It opens the door for funding of lower-emissions coal or gas power generation
The review, led by a former energy company boss, has recommended changing the investment mandate of the Clean Energy Finance Corporation and the Australian Renewable Energy Agency.
The report calls for the agencies, established by the former Labor government, to be given "an expanded, technology-neutral remit so they can support key technologies across all sectors".
Looks to me that ECT has the technology that's going to create jobs and clean up the environment but we lack government support, will they finally give us a go this time ?
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