Australian government finally overturns ban on wind farm investment
Maybe everyone’s just drunk after the landmark climate agreement reached in Paris on December 12, but the Australian government is finally making a little sense.
Prime Minister Malcolm Turnbull has overturned a ban that proposed to prevent the Clean Energy Finance Corporation (CEFC), a government-created A$10 billion fund (US$7 billion) that invests in renewable energy, from putting money into new wind power projects, the Guardian reported
The organisation is now allowed to focus on “offshore wind technologies.”
In July, to the dismay of the renewable energy industry, the government, led by then-Prime Minister Tony Abbott, issued a directive that would prevent the CEFC from investing in such projects. Read more…