Daily update: Abbott dumps clean energy for asphalt economy

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Daily update: Abbott dumps clean energy for asphalt economy

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RenewEconomy editor@reneweconomy.com.au via mail15.atl111.rsgsv.net

1:20 PM (1 hour ago)

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Budget helps complete Abbott’s clean sweep of renewable energy initiatives and climate research. Plus: ARENA vows to continue operations – as long as Senate lets it; is this a Budget, or a settling of old scores?; Tindo’s China solar dumping claim to be investigated; Snowtown 2 wind farm set to finish ahead of schedule; Australia’s CCS dreams up in smoke; why this Budget is a bad sign for ERF; AGL chief Michael Fraser announces retirement; leading Australian banker’s green bonds call; world’s first island to be powered 100% by wind and water; and Graph of the Day – green jobs boom.
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RenewEconomy Daily News
The Parkinson Report
ARENA, which funds Australia’s world leading solar R&D projects, to be scrapped as Abbott completes clean sweep of clean energy initiatives, environmental and climate research. CSIRO and Bureau of Meteorology funds cut.
Defiant and disappointed ARENA board says agency will continue to assess 190+ clean energy proposals worth $7.7bn plus as long as it has Senate support.
The budget’s destruction of ARENA – and other components of Clean Energy Future package – are spiteful acts of revenge from right wing denied power in 2010.
Australian solar industry welcomes investigation into cheap Chinese solar PV imports and their effect on the local market.
TrustPower says 270MW Snowtown wind farm to open ahead of schedule, but 2,500MW of wind projects will depend on RET review.
The coal industry’s dream of open-ended taxpayer funding of an expensive techno-fix for emissions from burning coal is over.
The Coalition’s unfolding fiscal drama highlights risk of putting Australia’s emissions reductions at the whim of the annual budget arm-wrestle.
AGL’s Michael Fraser – CEO of the only major utility chief to actively support renewable energy in Australia – says time is right to step down.
Leading Australian banker Mark Burrows argue for green bonds to be deployed to help protect the environment.
El Hierro (one of Spain’s Canary Islands off the coast of Africa) will become the first in the world to be fully powered by wind and water.
IRENA data shows 800,000 new green jobs created in 2013, boosting overall number

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