With its directive to the Clean Energy Finance Corporation, the Abbott government is also telling the banks to avoid financing renewables here
Not content with putting the renewable energy industry on hold through an interminable review, and then cutting the large scale component by more than one third, and then declaring wind energy to be offensive, ugly and unwelcome, the Coalition government has now decided to try to nobble the Clean Energy Finance Corporation (CEFC).
Related: Clean energy bank ‘seeks legal advice’ after Coalition pulls plug on wind and solar projects
As Abbott and Hunt have made clear, the government would close the CEFC if it had the numbers.
Related: Renewables will supply majority of Australia’s electricity by 2040 – study