On Saturday, reports emerged from Australia that the government had issued a directive changing the mandate of Clean Energy Finance Corporation (CEFC) to prevent it from investing new funds into wind power. CEFC is a government-created institution set up to invest in renewable energy sectors. Given that wind power is potentially worth billions of dollars, this … [continued]
As an Australian, 2014 was not a good year for me as a clean technology reporter. My country’s new conservative leadership seemed to be going out of their way to make bad policy decision after bad policy decision. Here’s a brief look back at the year that was for Australia … [continued]
Last week, news reached mainstream media that the Australian Renewable Energy Target review panel had handed in its recommendations to Prime Minister Tony Abbott, and predictably enough those recommendations were soon public knowledge. To quote Bloomberg, “Australia should weaken or phase out its renewable-energy target in favor of a lower-cost … [continued]
Scrapping the Australian Renewable Energy Target could have catastrophic ramifications for the renewable energy industry in the country, as well as consumers and employment, all the while delivering huge profits to power companies, according to new analysis from research firm Bloomberg New Energy Finance. The recently elected Tony Abbott/Liberal Government is … [continued]
