Clean Energy Finance Corporation explains its value, to Australia’s Liberal Coalition

Green fund makes its case to Coalition The Age, May 29, 2013 –

The Clean Energy Finance Corporation’s chief executive Oliver Yates outlines the case for preserving his $10 billion green fund in an email sent to the Coalition’s finance spokesman Andrew Robb.

The Coalition has vowed to scrap the fund if it wins office at the September 14 elections, and has called for the new corporation to halt loans before it formally starts operations on July 1.

Highlights of the email include the potential benefit to the Victorian economy of projects being considered, and that “active discussions are underway” with more than 50 project proponents, which are seeking CEFC finance of about $2 billion. CEFC has also received proposals from some 119 additional project proponents seeking CEFC finance of more than $3.3 billion.

(Sub-headlines have been added to break up the text.)

Email begins:..….

‘Rigorous commercial basis’…….

Public benefits…..

Externalities…..

Simpler approach…..

Project discussions…. http://www.theage.com.au/business/carbon-economy/green-fund-makes-its-case-to-coalition-20130529-2naxp.html#ixzz2UpEjXYvQ