The Global Resource For Connecting Buyers and Sellers

Australia looks to use clean energy funds for carbon capture

The Australian government said on Tuesday it would introduce legislation to allow clean energy funds to back carbon capture and storage projects, a move that could see such money going to coal-fired plants even as the nation combats climate change.

Environment and Energy Minister Josh Frydenberg said the government was seeking to amend the mandate for the Clean Energy Finance Corp (CEFC), which up to now has been limited to giving loans to wind, solar, bioenergy and energy storage projects.