![]() But they ultimately failed in an attempt to block the change in parliament. Labor and the Greens have previously opposed the government’s decision to broaden the investment remit of the CEFC’s sister climate body, the Australian Renewable Energy Agency (Arena), to fund non-renewable energy technologies. “This is nothing to do with stopping climate change and everything to do with Scott Morrison rewarding the coal and gas corporations that donate to the Liberal and Labor parties.” “The only reason the Liberals want legislation is to turn the CEFC into a slush fund for coal and gas corporations,” Bandt said. The party leader, Adam Bandt, said it meant the government did not need to legislate unless it was planning to direct clean energy spending to CCS projects. Advice to the Greens from the parliamentary library suggested the agency already had the authority to invest in early stage companies working in other low-emissions technology. The Greens vowed to fight any plan to expand the CEFC’s remit to fund CCS. “We don’t want to pick and choose a technology on some kind of ideological basis,” Taylor told the ABC. The government said the $1bn “low-emissions technology commercialisation fund” would receive $500m from the government and another $500m raised by the CEFC from private investors to support early stage companies to develop new technology.Īngus Taylor, the emissions reduction minister, said it could be used for “any technology that can commercially bring down emissions”, including CCS. Their policy is to use the Clean Energy Finance Corporation to prolong the use of fossil fuels. “His announcement today is just another attempt to take money away from renewables. “Let’s cut through Morrison’s bs,” he said on Twitter. Labor MP Josh Burns, whose Melbourne seat of Macnamara is being targeted by the Greens, was more critical.
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