Australia’s second big bank enters green bond market with $500m Westpac Climate Bond to finance a $1 billion clean energy, green building portfolio.
The Clean Energy Finance Corporation, Australia’s “green bank” warns government that the investment benchmarks for its main fund and Malcolm Turnbull’s pet “innovation” fund are still too high, and don’t reflect the state of global debt markets.
Labor proposes $206 million funding round for solar towers, will protect ARENA, and free investment shackles from CEFC.
As new modelling emerges for 100% renewable Australia, Coalition repeats desire to build massive Queensland coal plant, use climate funds to help pay for it.
University of Melbourne launches tender 1.8MW of rooftop solar systems across Victorian campuses, as part of $9.1m program financed by CEFC.
Malcolm Turnbull says he will protect the CEFC with one hand, but will take $1.3 billion of ARENA funds with another. A new fund is created to invest in debt and equity in “low carbon” technologies, but R&D in renewables is left high and dry.
University of Melbourne hopes to cut grid electricity use by 8% using CEFC finance to install voltage optimisation technology, solar and wind micro-turbines.
Just hours after the Coalition restated plans to abolish the CEFC, Greg Hunt was trumpeting one of its biggest programs yet: a $250m energy efficiency program.
Nearly six months ago Malcolm Turnbull became PM after Tony Abbott was dumped by his own party. What emerged from this shake-up, however, was a shady new composite figure – a Malcolm Abbott, or a Tony Turnbull. Here’s how to recognise him…
Five months after the Abbott-led Coalition effectively banned the CEFC from investing in wind energy projects, it has committed $67m to the Ararat wind farm in Victoria.