Coalition launches funding plan for city clean energy projects
Author: ABC News Date Posted:20 June 2016
The Coalition will invest up to $100 million a year in renewable energy and energy efficient technologies in cities, if re-elected.
Prime Minister Malcolm Turnbull will today launch his party's smart cities policy in Sydney.
The Government would establish an investment fund using money already within the Clean Energy Finance Corporation (CEFC) for projects in metropolitan areas.
"These investments will drive new jobs and enterprise, reducing greenhouse emissions while making our cities more resilient, liveable and putting downward pressure on energy bills," the Coalition said in a statement.
The CEFC is a $10 billion investment pool established by the former Labor government to spark investment in renewable energy projects that are expected to deliver a financial return.
