Sustainable Cities Investment Fund

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.
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