Grid Reliability Fund News Today

We’ve summarised the climate policies of the Liberal National Party, Australian Labor Party and the Australian Greens so you can vote in the 2022 federal election armed with the facts.

In 2019, Angus Taylor shortlisted a dozen power projects to improve grid reliability and cut electricity costs – three years later, not one has been built.

Clean energy agency shake up a climate policy test for Labor We’re sorry, this service is currently unavailable. Please try again later. Dismiss Normal text size Advertisement The Labor Party will oppose the federal government’s proposed changes to expand the remit of the Australian Renewable Energy Agency to allow it to fund fossil fuel technology including carbon capture and storage and “blue” hydrogen which is produced with gas. ARENA was established by the former Labor government to...

23 February 2021 APA Group has told shareholders that it sees new growth opportunities in emerging clean energy markets, as the collapse in gas prices and lower production dents valuations of the company’s gas facilities, and a planned gas generator remains stalled due to Morrison government delays. APA is one of Australia’s largest owners of gas infrastructure, including a portfolio of more than 15,000 kilometres of natural gas pipelines, but has recently branched out into the clean energy...

Internal distrust and division is behind an ongoing delay to pass legislation that would broaden the CEFC’s remit to include gas.

22 February 2021 Federal independent MP Helen Haines will introduce legislation to the federal parliament on Monday in a bid to establish a new, dedicated community power agency to support investment in new community owned renewable energy projects. The Australian Local Power Agency Bill, to be tabled by Haines, would establish a new Australian Local Power Agency, a federal authority that would sit alongside other clean energy funding bodies like the Australian Renewable Energy Agency and the ...

Liberals fuming as Nationals’ energy revolt gains another backer We’re sorry, this service is currently unavailable. Please try again later. Dismiss Save Normal text size Advertisement A Nationals revolt on climate change has gained support from the party’s Senate team in a challenge to Prime Minister Scott Morrison on whether to allow a new $1 billion fund to invest in coal and nuclear power. Nationals Senate leader Bridget McKenzie is joining the push to amend the government bi...

17 February 2021 Former Nationals leader Barnaby Joyce has sought to highjack proposed government legislation, moving his own amendment to a bill in an attempt to open up the Clean Energy Finance Corporation to investments in new coal fired power stations. Joyce moved his amendment late on Tuesday to a Morrison government bill that would formally establish the $1 billion Grid Reliability Fund, that has been debated by the lower house this week. However, the blundered drafting of Joyce’s propo...

Labor MP Joel Fitzgibbon has told Sky News his Labor Right factional ally Mark Dreyfus demonstrated he “doesn’t understand” the government’s proposed $1 billion fund to invest in new energy sources. The Grid Reliability Fund – which was debated on the floor of parliament on Monday – will be managed by the Clean Energy Finance Corporation and aims to invest in new hydro, gas, and battery projects. A meeting of the Labor Right faction on Monday night over the proposal caused a split be...

Barnaby Joyce’s surprise bid to fund a coal-fired power station has prompted the Morrison government to delay the launch of a bill from Parliament.