Budget 2013-14 And Renewable Energy http://www.energymatters.com.au/index.php?main_page=news_article&article_id=3739, 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…
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