The government made the payment to the National Reconstruction Fund to mark the first meeting of its board and the start of talks over its investment mandate.
The world’s biggest fund manager,BlackRock,has raised more than $500 million with co-investors to fund a giant battery in Australia.
Origin Energy’s suitor has told the competition regulator that a takeover offers the ASX-listed target the best option to fund its ambitious transition to green energy.
Experts predict the government’s climate policy will boost investor confidence in controversial carbon capture technology,but industry is calling for public subsidies.
The Treasurer’s essay is being painted as a repudiation of the free market and a wholesale rejection of “supply-side” economics,when it is no such thing.
Renewable electricity ensured Australia’s greenhouse gas emissions went down,but booming LNG exports and burping cows are a handbrake on further falls.
Despite the dangers of campaigning on electric cars,the PM attempted just such a thing this week. His derision of Bill Shorten’s 2019 policies made perfect grenades for Labor.
Scott Morrison says the fund is designed to fill a gap in the Australian market,where small technology-focused start-ups are often considered difficult to finance.
Sydney’s train network has become the first in Australia to transition to net zero emissions after the NSW government moved to power the massive transport system with renewable energy.
The government’s Clean Energy Finance Corporation and the Commonwealth Bank have emerged as significant investors in Macquarie-backed Xpansiv’s $US100 million raising.
Federal ministers are planning to neutralise a backbench threat on climate change by making sure any net zero emissions target will not be mandated by law.