Renewable energy agencies to be allowed to invest in low emissions technology

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Australia's two renewable energy agencies will be allowed to invest in low emissions technologies under new legislation set to be introduced by the Federal Government.

The Government is also putting $95.4 million towards a Technology Co-Investment Fund to help agriculture, manufacturing, industrial and transport businesses reduce their emissions.It is also committing $35.4 million to upgrade the tracking of energy and emissions data.

"Solar panels and wind farms are now clearly commercially viable and have graduated from the need for government subsidies and the market has stepped up to invest," Prime Minister Scott Morrison said. "This will support our traditional industries — manufacturing, agriculture, transport — while positioning our economy for the future."Minister for Energy and Emissions Reduction Angus Taylor said the success to date of the agencies meant a promising future for the low-emissions technology industry.

 

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Oh yes, the 'agencies'... you know, tax payer funding that is managed by political appointees. 'Capitalism' - are you lovin' it? I can't wait to see where the money goes. .

I guess it has been long enough since black summer to carry on trashing the environment for generations to come. *psst* Angus, look at California rn

LNP sells out to their political donors again.

Madness driven by ideology and fossil fuel political donations.

Have you given the News Director's wife another show of her own like you did with the Childers special. I was at Childers for the ABC. She was there barely 36 hours. Hardly an expert.

Someone invest in reliable energy and I’ll sign up.

Nuclear?

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