Business
Taylor expands clean energy fund’s remit to fire up gas-led recovery – Sydney Morning Herald
Australia’s clean energy fund is being primed to pump up the Morrison government’s plans for a gas-led economic recovery from the coronavirus pandemic.
The underwriting program, which is open to all energy sources, is currently considering five gas, one coal and six renewable energy projects.
The CEFC must invest at least 50 per cent of its funds in renewable energy. Mr Taylor’s bill would remove these restrictions for the $1 billion in the Grid Reliability Fund.
Independent MP Zali Steggall asked during question time on Thursday if the government would “commit to a clean recovery”, arguing renewables delivered more than twice the number of j…
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