Renewable Energy Agency axing prompts fears renewable energy projects may be forced overseas for funding
The government has been accused of breaking its word by cutting key clean energy and conservation programs in the budget, amid fears that renewable energy projects will be forced to go overseas for funding or perish.
The Australian Renewable Energy Agency (Arena), which helps drive research and investment in clean energy, is to be wound up and merged into the Department of Industry, saving $1.3bn. The Coalition had pledged its support for Arena before the election.