Australian news, and some related international items

Reserve Bank board member Broadbent urges Australia to catch up on renewable energy

Australia must act on climate change – Broadbent, THE AUSTRALIAN, AAP April 18, 2012  AUSTRALIA’S economy will be “very vulnerable” if it does not act on climate change, says Reserve Bank of Australia board member Jillian Broadbent.

The comment follows the Federal Government’s release yesterday of her independent review of its Clean Energy Finance Corporation (CEFC), which will offer up to $10 billion to companies in the renewable energy sector struggling to secure capital.

Ms Broadbent says Australia risks being left behind in the global shift toward renewable energy and carbon reductions.
“If we’re not ready for it, it’s going to be a significant cost to us in the long-term,” she told ABC Radio today. “Early action towards the transformation to cleaner energy minimises the ultimate cost and the destruction to the economy.
“No action leaves us very vulnerable.”…….

April 18, 2012 - Posted by | Uncategorized

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