Antinuclear

Clean Energy Finance Corporation a business plus for Australia

 …Far from being a slush fund for the ALP, the proposed CEFC would be a commercially-minded independent authority enabling Australian businesses to commercialise and deploy Aussie renewable energy innovations…..The CEFC is a critical institution for driving Australia’s long-term reductions in emissions at least cost with maximum economic benefit. …

Why we need the Clean Energy Finance Corporation CEFC, Climate Spectator, Simon O’Connor. 22 July 11“……The Export Finance and Insurance Corporation (EFIC) has enabled Australian businesses to overcome financial barriers to doing business by bridging market gaps the commercial banks dared not bridge.

Far from being a risky strategy, this commercially-oriented authority has delivered to government dividends totalling more than $100 million in the last decade. 

Through a commercial approach – a clearly defined mandate, quantified risk thresholds and a national interest mandate – EFIC has been able to generate solid profits for years.

More importantly, EFIC has enabled Australian exporters to continue to do what they do best.

Yet despite bipartisan support for EFIC, the newly announced Clean Energy Finance Corporation, designed on the EFIC model, is copping some unjustified criticism.  ……..Far from being a slush fund for the ALP, the proposed CEFC would be a commercially-minded independent authority enabling Australian businesses to commercialise and deploy Aussie renewable energy innovations…..The CEFC is a critical institution for driving Australia’s long-term reductions in emissions at least cost with maximum economic benefit. …

July 22, 2011 - Posted by Christina Macpherson | AUSTRALIA - NATIONAL, business, energy