Update: On 2 December, the Clean Energy Finance Corporation (Abolition) Bill 2013 was introduced into the Senate. This after the CEFC Chair, Jillian Broadbent, testified in front of a Senate inquiry a week prior, stating that continuing the fund would provide taxpayers with $200m a year in revenue while accounting for 50% of Australia’s emissions reduction target. Reduced emissions and a return for the Government - what action could be more direct than this?! Continuing the CEFC would provide a long-term economic revenue for the Government, create local jobs in our communities through the nearly 180 projects it's involved in and grow the renewable energy industry in Australia. We know what’s next - we need to ensure that incoming Senators understand the importance of the CEFC. Not just the overwhelming economic case - but the community case, as well. Please sign this petition today.
Immediately after being sworn in as Prime Minister, Tony Abbott instructed Joe Hockey to start pulling down the new $10 billion Clean Energy Finance Corporation.
But, this fund is playing a critical role funding new investments in renewable energy, creating new jobs and regional development across Australia. Already it has leveraged over $1.6 billion of private investment in renewable energy projects and is generating a financial return for the government.
Please sign this petition to show your support for renewable energy and call on the government to halt its plans to dismantle this important new fund.