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Australian Government Curbs Investments in Wind and Solar Energy

2015-07-13 19:02:00| Climate Ark Climate Change & Global Warming Newsfeed

Yale Environment 360: The Australian Clean Energy Finance Corporation (CEFC), a government-funded organization that invests in renewable energy, will no longer invest in wind technology and small-scale solar projects, the government announced Sunday. Australian Prime Minister Tony Abbott said that the CEFC should invest in new and emerging technologies, and that wind and small-scale solar projects should instead be supported by the free market. Currently, one-third of CEFC funding, which totals roughly $10 billion, goes...

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Category:Electronics and Electrical

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