27 November 2013: The Clean Energy Finance Corporation (CEFC) was a component of the ALP’s Clean Energy Future Package. This week, media around Australia is covering the Senate Inquiry (Nov/Dec 2013) into the CEFC abolition and carbon price repeal. The Inquiry is underway in Canberra and public submissions closed 22 November.
Here are some of the news outlets following this story.
‘CEFC warns govt shutdown will cost $m’ – Eco News, 27 November 2013
“Australia’s so-called green bank, the Clean Energy Finance Corporation (CEFC), has warned that the conservative Liberal-National government that plans to shut it down could cost the federal budget hundreds of millions of dollars. The previous Labor government set up the CEFC as part of the carbon price laws, to invest up to $10 billion in renewable energy projects and to help attract private sector investment.”
The story includes quotes from the Senate Inquiry hearings relating to the Clean Energy Legislation (Carbon Tax Repeal) Bill 2013 and related bills. Read the story by David Twomey here.
‘CEFC chair defends corporation as axe looms’ – ABC, 26 November 2013
The ABC’s PM program interviewed CEFC Chair, Jillian Broadbent about the attempt to shut down the CEFC and contrasts its role with the reverse auctions proposed in the Direct Action policy of the new government.
‘CEFC could deliver half Australia’s CO2 cuts, and make money’ – RenewEconomy, 27 November 2013
“The $10 billion Clean Energy Finance Corporation has launched a vigorous defence of its mandate in what might be the last throw of the dice for the besieged green investment bank. In a submission to the Senate inquiry into the Coalition’s bill that seeks to abolish the CEFC, the institution argues that the new government has misunderstood the purpose, the potential, the costs and the structure of the organisation. In fact, pretty much everything about it.”
Read the story by Giles Parkinson here.
Australian Financial Review, 27 & 30 November 2013
The CEFC and the Senate Inquiry has been covered by the Australian Financial Review (Fairfax publications) on 27 November and 30 November 2013.
More information about the CEFC abolition and carbon price repeal
Here is the opening statement by CEFC Chair, Jillian Broadbent to the Inquiry into the Clean Energy Legislation (Carbon Tax Repeal) Bill 2013 [Provisions] and related bills (including the CEFC abolition Bill).
Here is the CEFC’s 63 page submission to the Environment and Communications Legislation Committee Inquiry into the Clean Energy Legislation (Carbon Tax Repeal) Bill 2013 and related bills (1.27 meg).
To check out the Senate Inquiry details visit the website for federal Parliament here.
The closing date for submissions was 22 November 2013.