Australian Renewable Energy Agency

Parliament resumed on August 30 and the government's agenda was simple: delay marriage equality; justify the double dissolution; and argue the case for a renewed assault on living standards — I mean: “budget repair”.

The “budget repair” project was contained in a centrepiece “omnibus” bill that combines 24 measures from this year's budget that have not yet passed the Senate. It is an attack on students, welfare recipients, ordinary workers and the environment.

The proposed Sustainable Cities Investment Fund, unveiled by Prime Minister Malcolm Turnbull on June 20, would take up to $100 million a year from the Clean Energy Finance Corporation to stimulate private sector investment in renewable energy and clean technology in Australia's major cities. But industry groups say it means nearly one-third of the supposedly independent CEFC's budget has been corralled by the government for “pet projects” announced during the lead up to the election campaign.
On March 23 Prime Minister Malcolm Turnbull announced a new Clean Energy Innovation Fund (CEIF) with $1 billion in funding over ten years. The Prime Minister's media release explicitly mentioned that it could be used to fund projects such as a “large scale solar facility with storage in Port Augusta”.
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