The Federal Government is facing internal pressure to reverse its push to stop the Clean Energy Finance Corporation (CEFC) from investing in wind farms and household solar.

 

There has recently been chaos within the Liberal party regarding Abbott Government’s policy on wind and solar investment. Some are not happy with the ban on residential solar and wind farm investment in the country.

A month ago, Treasurer Joe Hockey and Finance Minister Mathias Cormann published a tentative policy to the $10 billion taxpayer-funded corporation to amend its investment policy and stop investing in wind-farm and residential solar projects.

Prime Minister Tony Abbott proclaimed that they should invest in “new and emerging technologies”.

Yet still some ministers are not happy with the directive. The Liberal Member for Corangamite in Victoria, Sarah Henderson indicated the importance of renewable energy in her Victoria electorate and has urged the government to reverse the decision.

“I’ve written to the Finance Minister Mathias Cormann seeking his consideration that emerging technologies in wind and small-scale solar be included in the Clean Energy Finance Corporation’s investment mandate,” Ms Henderson informed ABC News Radio.

“It’s very important not to exclude small-scale solar and also wind, because there are new and emerging technologies in these sectors as well,” she stated.

She indicated that Mr Cormann had paid heed to her suggestion regarding the matter but she just “one cog in the wheel”.

Prime Minister Abbott diverted a question of the backbench intervention by relying on Labor’s regulation to particularly increase the RET to 50% by 2030.”This constitutes a massive hit on consumers and on jobs,” Mr Abbott stated.Tony Abbott said the Labor’s scheme would allow a “massive overbuild of wind farms”.

Opposition Leader Bill Shorten used the Australian Labour Party conference to challenge the Government to fight the next election on climate policy.

He scorned “Mr Abbott’s society of flat earthers” and blamed the Government of cutting confidence in the renewable energy sector.

“This line that Labor is running that we are not for renewables is absolute rubbish,” Ms Henderson stated.

A spokeswoman for the CEFC stated that they are working on providing a feedback to Abbott Government’s tentative directive “in coming weeks”.

The response will be addressed in Parliament.

Source
Anna H. (ABC), July 27, 2015. Liberal MP Sarah Henderson puts pressure on Government to reverse directive on wind, solar investment:http://www.abc.net.au/news/2015-07-27/backbench-pressures-government-about-energy-decision/6649648. Accessed 3July 30, 2015

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