Australia ends Abbott's war on wind farms, lifts govt funding ban
Policy shift coincides with global climate-change deal to curb fossil-fuel pollution
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Melbourne
AUSTRALIAN Prime Minister Malcolm Turnbull lifted a ban on government investment in wind power introduced by predecessor Tony Abbott, in another policy shift that coincides with a global climate-change deal to curb fossil-fuel pollution.
Environment Minister Greg Hunt issued the state-backed Clean Energy Finance Corp with orders cancelling Mr Abbott's directive which prohibited the A$10 billion (S$10.2 billion) renewable energy fund from investing in new wind power projects, according to a Dec 3 investment mandate obtained by Bloomberg.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
