The Morrison Government has confirmed it intends to use Australia’s clean energy banks to prop up fossil fuels.
The Australian Renewable Energy Agency (ARENA) and the Clean Energy Finance Corporation (CEFC) are publicly-funded clean energy agencies, designed to invest in projects that reduce emissions and create long-term solutions for Australia’s energy market.
The federal government has announced that it intends to fundamentally change how these organisations operate and to divert these clean energy funds towards gas and expensive, unproven technologies like carbon capture and storage.
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