Norway pension fund, the world’s largest, to dump coal investments; ANZ launches largest Australian green bond for investment in renewables and low carbon buildings, while investors try to force Chevron to return money to shareholders rather than throwing it away on fossil fuel exploration.
A 15-storey, B-grade commercial office building in Sydney will reduce its energy use by 30% thanks to financing from the CEFC through an EUA.
Two months after Victoria axes energy efficiency target, CEFC and Commonwealth Bank target Shepparton manufacturers with $100m loan program.
The CEFC closure bill has been rejected in the Senate. But will a short term reprieve lead to long term salvation?
The under-siege CEFC says it could achieve half of Australia’s emissions reductions out to 2020, at no cost to the taxpayer – and still return money to the struggling Federal Budget. So will ideology and sloganeering triumph over smart policy?
Tony Abbott faces a near impossible task tailoring Direct Action to meet current and future emission reduction targets. The CEFC could deliver abatement at negative cost to the government, and help solve its problems about what to do with ageing coal assets.
The Clean Energy Finance Corporation, targeted by the incoming conservative government as a “giant green hedge fund” that should be closed, has provided $70 million to a new wind project in Victoria in a previously unannounced deal.
The Greens have legal advice that suggests a Coalition government could not close down Clean Energy Finance Corp as it wants to do. However, an Abbott government could fiddle extensively with its mandate.