Australia's New $10 Billion Clean Energy Finance Corp. - Benefit Or Boondoggle?

On 7 March the government of Australian Prime Minister Julia Gillard said that Sydney would house the country’s new Clean Energy Finance Corp., announced in 2011 as part of the country’s carbon pricing package. In choosing Sydney Gillard said, ''This is a city that can offer the benefit of financial and professional networks. Our Treasury tells us we will see $100 billion of new investment into renewable energy between now and 2050. So the Clean Energy Finance Corporation is going to be a part of making sure that we realise the clean…

Read more...