Antinuclear

Clean Energy Finance Corp could guide Australia to be a renewable energy super power

Clean Energy Finance Corp vital to untainted future –Cowra Community News, 18 Oct 11,   ACF  THE Australian Conservation Foundation (ACF) has welcomed the appointment of Jillian Broadbent AO as chair of an expert review panel that will advise on the design of the Clean Energy Finance Corporation.  The foundation has also urged the federal Government to enshrine the new body in law by April 2012 “so it can start investing in the next wave of renewable, clean energy by July 2013”.

“The Clean Energy Finance Corporation (CEFC) will harness Aussie innovation in cutting edge technologies like solar thermal, geothermal and wave power,” says the ACF’s economic adviser, Simon O’Connor, in a statement.

“Australia has massive untapped, abundant renewable energy resources, yet we have failed to capitalise on this natural competitive advantage. “Funding for renewable energy has struggled to match commercial needs, with the result that Australian-made technology has gone to China, California and Spain.

“Now, the CEFC will help fill the renewable energy ‘valley of death’, keeping Australian technology here and creating Aussie jobs.  “Returns on public investment through a CEFC are far better than the returns delivered through grant programs.
“Combined with a carbon price, this is the most economically efficient way to turbo-charge the renewable energy sector, which is why we are seeing many countries setting up finance corporations, like the UK’s Green Investment Bank.

“The renewable energy industry is ready, investors are ready, Australians are ready – it’s time to get on with the job and help Australia become a clean energy superpower.”  Further detail about the CEFC in the ACF’s report, Helping Australia Compete in the Renewable Energy Race, at www.acfonline.org.au       /CEFC.http://cowracommunitynews.com/viewnews.php?newsid=8415&id=137

October 18, 2011 - Posted by Christina Macpherson | AUSTRALIA - NATIONAL, energy