Australia’s Budget – a mixed result for clean energy – but Abbott’s agenda would be worse


budget-SmBudget 2013-14 And Renewable Energy, 15 May 13,    Australia’s Clean Energy Council has expressed disappointment in last night’s Budget, stating more than $600 million of funding for clean energy projects has been put in jeopardy.

While acknowledging a tough set of financial circumstances for the country and ambitious new projects such as the NDIS requiring funding, the CEC says chopping and changing clean energy program funding unsettles investors.

A deferral of  $370 million in funding to the Australian Renewable Energy Agency (ARENA) over three years from 2014-15 is causing some concern as the CEC says the process for returning that funding to ARENA’s budget beyond 2020 is unclear.

$260 million of funding for energy efficiency programs and large-scale solar was also cut; the latter being $160 million of unallocated solar flagships funding which was to go to the ill-fated Solar Dawn project.

However, it wasn’t…

View original post 178 more words

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s