Australia’s $10 Billion Climate Fund Fights to Stay in Business
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Australia’s A$10 billion ($9.1 billion) clean-energy fund, set to be wound-up by the new Coalition government, is lobbying to stay in business to aid the nation’s fight to reduce greenhouse gas emissions.
“We welcome extreme scrutiny of our record,” Jillian Broadbent, chairwoman of the Clean Energy Finance Corp., said in an interview. The fund would be able to work as part of the government’s proposed Direct Action Plan to cut emissions, she said.