Antinuclear

Government of Australia’s URANIUM STATE, South Australia doing its best to kill renewable energy

Green energy fund gets the chop BY: MICHAEL OWEN   The Australian, December 16, 2011  A FUND to create a green energy industry will be axed in a cost-cutting measure by the South Australian government….. One of the most significant programs to be cut will be the Renewable Energy Fund, to deliver savings of more than $10 million a year. The
move will threaten the future of the five-member RenewablesSA board, chaired by prominent businessman Bruce Carter, and the role of the Commissioner for Renewable Energy, Tim O’Loughlin…..
Ousted premier Mike Rann launched the South Australian fund with an initial $20m in 2009 as the centrepiece of state Labor’s plan to become Australia’s green energy powerhouse.

It was to help the government reach its target of 33 per cent of renewable electricity generation by 2020 using wind, solar, geothermal and wave power. According to its website, the latest big announcement from the fund was a joint plan with new federal Industry Minister Greg Combet to use the fund to “create significant new job opportunities in
SA’s manufacturing sector”.

Mr Snelling refused to comment last night. Labor sources said cabinet chose to abolish the fund as it was hoped federal moves to invest in renewable energy because of the carbon tax would help reduce any political backlash.

Budget figures show that of the $10m allocated in 2009-10, just $2.7m had been spent by the fund, while last financial year just $2.9m of another $10m allocation had been
used…..http://www.theaustralian.com.au/national-affairs/climate/green-energy-fund-gets-the-chop/story-e6frg6xf-1226223413572

December 16, 2011 - Posted by Christina Macpherson | energy, politics, South Australia | South Australia