Has the green bank outlived its purpose? It’s a $32.5 billion question
If the taxpayer-funded Clean Energy Finance Corporation is to continue, its role should be to provide a subsidy in areas when there is a lack of private capital or a genuine market failure.
Hard questions are being asked about the purpose of the federal government’s $32.5 billion Clean Energy Finance Corporation and its future after the federal election.
The CEFC last week invested $550 million of taxpayer-backed capital in a bond sale by electricity transmission grid operator Transgrid for its critical HumeLink poles and wires project in NSW.
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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
