Antinuclear

Government dumps promise for energy efficiency agency http://www.theaustralian.com.au/business/latest/government-dumps-promise-for-energy-efficiency-agency/story-e6frg90f-1226917229830  TRISTAN EDIS  MAY 14, 2014  The budget papers have stated that the Government will drop an election promise to re-establish Low Carbon Australia – a body that sought to provide specialist financing for energy efficiency projects. Low Carbon Australia was originally established by the Rudd Labor Government but was subsequently merged into the Clean Energy Finance Corporation around a year ago.

Complicating matters for the government was that they wished to abolish the CEFC while at the same time reviving Low Carbon Australia. Yet its staff and functions had been integrated into the CEFC.

To date the government has been unable to pass the necessary legislation to repeal the act which enables the CEFC to continue to operate and finance projects.