The Coalition has announced it will realise $7.8 billion of savings from programs linked to carbon price and other emission reduction programs. This includes cuts to the Australian Renewable Energy Agency (ARENA).
These cuts are detailed in a document from the Coalition explaining a series of broader budget savings the Coalition will seek to realise over the forward estimates.
So far the Coalition has been unable to provide much detail on the cuts to ARENA. But Coalition staffers within Joe Hockey and Greg Hunt’s office have confirmed to Climate Spectator that ARENA funding cuts are part of a $1.5b savings measure described vaguely as "other measures linked to the carbon tax that are wasteful or will no longer be required". Also at a press conference this morning Joe Hockey stated that cuts to the Clean Energy Finance Corporation and ARENA made up part of the $1.5b in savings.