$10b for renewable energy a step closer
Jillian Broadbent's expert review for the design of the Clean Energy Finance Corporation strongly endorses the Greens' efforts to make this world-leading investment in renewable energy a reality through the Clean Energy Package negotiations.
"Australians are famous early adopters of new technology and we love renewable energy in particular, but renewable energy has been held back in Australia by successive government. So I am sure the CEFC will prove to be enduringly popular," Australian Greens Leader, Senator Christine Milne, said.
"Jillian Broadbent's report today is one more important step putting Australia on the path to 100% renewable energy.
"Experts and experience around the world show that a program like the CEFC is vital alongside a carbon price to drive effective and efficient economic transformation.
"The CEFC will bring on renewable energy at scale fast, it will speed up commercialisation of remarkable transformative technologies and, as the International Energy Agency says, it will bring down the cost to the economy over time.
"It's worth remembering that the CEFC is only a first step in balancing the sheet with the handouts to polluting fossil fuels, which still receive almost as much every year as the CEFC will invest in five years.
"With the boost of the CEFC, we now have a great opportunity in the second half of year to see a big increase in renewable energy target to put us more on track towards 100% renewable energy.
"Lifting the RET will not only maximise the rollout of renewable energy delivered by the CEFC but would also ensure that we don't restrict the growth of existing technologies like wind by supporting the newer technologies.
"I congratulate Jillian Broadbent on a strong report."
|Download Christine Milne press conference 2012-04-17|