“Disappointing environment budget short on new funding for Australian renewables,” reads the title.

“The Australia Institute says the budget confirms the government’s commitment to fossil fuels with token support for green technologies.”

Richie Merzian, of the Australia Institute, said the budget “confirms the government’s commitment to fossil fuels with token support for renewables on the side”.

“It’s disappointing to see the renewable energy agencies and the CEFC (Clean Energy Finance Corporation) not coming out with significant increases. In the case of Arena it’s a decrease,” he said.

Is it really a victory? I’m not so sure. According to this article, the government plans to fund the Australian Renewable Energy Agency (Arena) for a further 10 years from 2022 at a total cost of $1.4bn.

https://www.theguardian.com/australia-news/2020/oct/06/australia-federal-budget-2020-disappointing-environment-budget-lacks-new-funding-for-australian-renewables

Thanks to Roger Higgs for this link

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October 12, 2020 at 12:33PM