now that grinds mind gears, page-3

Don't be so rash acees - yes the Renewable Energy Fund won't have funds available until 09/10 (55.5m dollars worth) but that timing does not mean it cannot be allocated prior to it being spent. Also imo the REF is not the only applicable funding available to CNM. Not sure if you have read this doc yet, but worth a look - it is the Climate Change Budget Overview. http://www.climatechange.gov.au/budget/0809/pubs/ccbo-0809.pdf
The relevant pages are pp25-26 and the timing of allocation tables at the back. The reasons why I think Carnegie have been so positive about it are as follows:

- The Energy Innovation Fund (possible $100m funding), which will have $40.9m available in 08/09, makes reference to solar thermal. CNM has solar thermal;

- The Clean Coal Fund ($500m), which will have $34.8m available in 08/09, is obviously set up for clean coal technologies and demonstration projects. CNM has a Cleaner Coal Power project that would be entirely suitable for this type of funding. I also don't believe that this funding would be given to multinational hydrocarbon companies or large power companies (more likely CSIRO type research bodies and R&D companies such as Carnegie);

- The Renewable Energy Fund ($500m), $55.5m available in 09/10, is designed to accelerate development, commercialisation and deployment of RE's. It also aims to expand the range of RE's. Sound familiar - yes, CNM has CETO wave energy which will be ready for acceleration of commercial deployment in 09/10.


So keep your head up acees, it's surely not all gloom and doom. Particularly if , as you have suggested before, HRH straddles a CETO unit and pronounces the Fremantle facility open (although I think I would rather Penny doing that).