Turnbull eyes greener Australia in move away from Abbott era
He supports 2 clean-energy bodies his predecessor wanted scrapped
Canberra
Prime Minister Malcolm Turnbull announced support for two clean-energy bodies, seeking to burnish his government's green credentials with an election in Australia potentially just over three months away.
Mr Turnbull's Liberal-National coalition will keep the Clean Energy Finance Corp and the Australian Renewable Energy Agency - both of which his predecessor Tony Abbott wanted scrapped. He'll also create a new A$1 billion (S$1.04 billion) Clean Energy Innovation Fund, the prime minister told reporters in Bloomberg's Sydney bureau on Wednesday.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Anglo rejects BHP takeover bid as significantly undervalued
India rice prices at three-month low on shrinking demand
Gold prices set for weekly decline ahead of US inflation data
Pricey coffee is here to stay as hoarding, heat hit Vietnam supply
Oil settles higher as weak US economic growth offset by supply concerns
India's Vedanta misses Q4 profit estimates on lower prices