Exclusive: Cabinet committee to review plan to combine Clean Energy Finance Corporation and Arena – agencies that Abbott government had sought to abolish The Turnbull government is considering a plan to combine two major climate bodies – the Clean Energy Finance Corporation (CEFC) and the Australian Renewable Energy Agency (Arena) with both to be financed by borrowings rather than from federal budget allocations.
The option – to be considered by the expenditure review committee of cabinet as soon as Tuesday – would provide some certainty to the organisations after the Abbott government sought to abolish them, and then to ban the CEFC from wind farm investments and to cut Arena’s funding and invent no original appointments to its board. Related: original clean energy investment mandate a shift from policy proposed by Abbott Related: Clean energy investment in Australia fell by 31% under Tony Abbott Continue reading...
Source: theguardian.com