Antinuclear

Clean Energy Finance available to Australian companies first

Australian companies get first shot at green energy cash, David Wroe, Brisbane Times, May 23, 2012 AUSTRALIAN companies will be guaranteed the chance to pitch for business flowing from the Gillard government’s $10 billion clean energy fund that Labor will announce today in an effort to sell the benefits of green jobs at home.

Climate Change Minister Greg Combet will announce today that the Clean Energy Finance Corporation, which will provide grants and government investment to green projects, will require candidates to show they are
giving local firms a fair go to supply parts and services……

Mr Combet, meanwhile, will introduce today legislation to set up the $10 billion corporation, to be chaired by respected businesswoman Jillian Broadbent. It will require candidates for funding to have Australian Industry Participation Plans, which are a key part of the government’s broader manufacturing strategy.

Under these plans, which are already used by the resources sector in return for tax breaks, projects have to demonstrate they have given Australian firms ”full, fair and reasonable opportunity”. A wind farm, for example, might have to show it has offered Australian firms the chance to supply the turbine towers. http://www.brisbanetimes.com.au/opinion/political-news/australian-companies-get-first-shot-at-green-energy-cash-20120522-1z39j.html#ixzz1vjfBtHvJ

May 23, 2012 - Posted by Christina Macpherson | AUSTRALIA - NATIONAL, energy