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Daily update: Abbott dumps clean energy for asphalt economy
RenewEconomy editor@reneweconomy.com.au via mail15.atl111.rsgsv.net
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Budget helps complete Abbott’s clean sweep of renewable energy initiatives and climate research. Plus: ARENA vows to continue operations – as long as Senate lets it; is this a Budget, or a settling of old scores?; Tindo’s China solar dumping claim to be investigated; Snowtown 2 wind farm set to finish ahead of schedule; Australia’s CCS dreams up in smoke; why this Budget is a bad sign for ERF; AGL chief Michael Fraser announces retirement; leading Australian banker’s green bonds call; world’s first island to be powered 100% by wind and water; and Graph of the Day – green jobs boom.
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ARENA, which funds Australia’s world leading solar R&D projects, to be scrapped as Abbott completes clean sweep of clean energy initiatives, environmental and climate research. CSIRO and Bureau of Meteorology funds cut.
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Defiant and disappointed ARENA board says agency will continue to assess 190+ clean energy proposals worth $7.7bn plus as long as it has Senate support.
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The budget’s destruction of ARENA – and other components of Clean Energy Future package – are spiteful acts of revenge from right wing denied power in 2010.
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Australian solar industry welcomes investigation into cheap Chinese solar PV imports and their effect on the local market.
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TrustPower says 270MW Snowtown wind farm to open ahead of schedule, but 2,500MW of wind projects will depend on RET review.
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The coal industry’s dream of open-ended taxpayer funding of an expensive techno-fix for emissions from burning coal is over.
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The Coalition’s unfolding fiscal drama highlights risk of putting Australia’s emissions reductions at the whim of the annual budget arm-wrestle.
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AGL’s Michael Fraser – CEO of the only major utility chief to actively support renewable energy in Australia – says time is right to step down.
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Leading Australian banker Mark Burrows argue for green bonds to be deployed to help protect the environment.
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El Hierro (one of Spain’s Canary Islands off the coast of Africa) will become the first in the world to be fully powered by wind and water.
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IRENA data shows 800,000 new green jobs created in 2013, boosting overall number
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