ARENA Looks Likely to Lose $1bn Funding
Source: Reneweconomy, 24 August 2016
In a decision that will rank – along with the Coalition’s removal of the carbon price – at the very top of the Stupid List, Labor appears to have accepted the Coalition’s challenge to pass a $6.5 billion omnibus budget repair package that includes stripping $1 billion from ARENA’s legislated funds.
Federal Labor appears ready to sacrifice the Australian Renewable Energy Agency it established just a few years ago as it reacts to Coalition government taunts that it is not serious about “budget repair”.
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