The federal government’s $33 billion green bank has shifted towards supporting household electrification and major poles and wire projects vital to Australia’s green energy transition, after moving on from large-scale solar and standard batteries that are now established technologies.
Clean Energy Finance Corporation chief executive Ian Learmonth said it was likely to be a few years before the corporation was prepared to risk taxpayer money on offshore wind projects that Climate and Energy Minister Chris Bowen is trying to establish in Victoria, NSW and Western Australia.
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John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
Ryan Cropp is an energy and climate reporter at The Australian Financial Review based in the Canberra bureau.
