Antinuclear

Interest in green bank continues to grow, Herald Sun 22 July 14 INVESTOR interest in Australia’s clean energy bank continues to grow despite a cloud hanging over its future.IN its first full year of operation, the Clean Energy Finance Corporation invested $900 million in renewables projects worth more than $3 billion.

For every dollar invested over the 2013/14 financial year the “green bank” attracted more than $2.20 from the private sector.The corporation was assigned $10 billion over five years to drive private sector investment in renewable energy and energy efficiency programs.The positive rate of return has been cited by supporters of the corporation as evidence of its success and reason to save it from abolition.The Abbott government has introduced legislation to parliament to unwind the green bank, arguing taxpayers money should not be spent on projects the private sector deems too risky.Revelations the corporation’s activities had no adverse impact on government debt and was actually delivering a return for taxpayers raised particular questions about the merit of axing it…….  http://www.heraldsun.com.au/news/breaking-news/interest-in-green-bank-continues-to-grow/story-fni0xqi4-1226997350473