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.
The Corporation has a critical role to play in driving new private investment in renewable energy here in Australia. It is already helping create new jobs and new investment in regional areas.
Projects supported by the Corporation, like the Moree Solar Farm and Taralga Wind Farm have already created over 170 new jobs combined.
In just a few months of operation, the CEFC has demonstrated that its investments will generate a healthy rate of return for the government. It has already leveraged over $1.6 billion worth of investment from other financial sources. By next year, scrapping the fund will cost the government more than it will save.
Investing in clean energy helps create clean air and water and ensures our energy system transitions to one run on cleaner, safer sources of power.
Given the multiple benefits of renewable energy and the sound financial credentials of those operating the Corporation it is hard to understand why you would pull it down.
Please let me know a) do you accept that the investments being made by the Clean Energy Finance Corporation are generating a financial return for the government?
b) if so, given the many benefits of renewable energy investment, why are you so intent on removing this important new body?
Australia is blessed with an abundant supply of natural energy sources. I support a renewable energy future for Australia and hope you will too.