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Australia regulations likely to push clean energy funds into CCS, fossil H2

August 06, 2021

Renew Economy:

The clean energy sector and energy market experts have lamented the new regulations that survived a Senate vote on Wednesday and will likely see funds from one of Australia’s leading clean energy bodies directed to fossil fuel projects.

Energy and emissions reductions minister Angus Taylor last week made a second attempt to introduce new regulations for the Australian Renewable Energy Agency that will push funding towards carbon capture and storage projects and the production of fossil fuel hydrogen.

Last night, the regulations narrowly survived an Australian Greens attempt in the federal senate to have them cancelled out after One Nation sided with the government to block the attempt.

The regulations will remain in place but have attracted strong opposition from within the clean energy sector.

[Michael Mazengarb]

More: ARENA will be “sullied” by Taylor’s new regulations, former chair says

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