Antinuclear

Australian govt energy policy results in drop in renewable energy investment

Australia Drops In Renewable Energy Attractiveness Rankings (Again), Renewable Energy News,by Energy Matters, 9 June 11 The latest Ernst & Young Renewable Energy Country Attractiveness Indices have seen Australia drop in ranking for the second time this year……Ernst & Young says Australia’s latest decreased ranking was due to a reduction in Government spending on renewable energy by AU$1.8b. The major cut to clean energy spending will reduce investment demand for wind power in Australia says the company, which has fallen four points in the wind index.

Australia also lost two points in the solar index after the Government announced plans to reduce the Solar Flagships Program by AU$250m and the capping of the Renewable Energy Bonus Scheme that provides incentives for solar hot water systems, saving AU$160m…….http://www.energymatters.com.au/index.php?main_page=news_article&article_id=1561

June 10, 2011 - Posted by Christina Macpherson | AUSTRALIA - NATIONAL, energy, politics