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What’s in store for renewable energy in the new Federal Budget? Renewable solutions have been put on the backburner in the 2021/22 Federal Budget, which has leaned heavily into gas production and emission reduction. Treasurer Josh Frydenberg splashed the cash in the latest Budget, aiming to undo the damage done by COVID-19 last year. But it seems there was little left in the kitty when it came to investment in renewable projects like wind and solar. Instead, more than $1.8 billion has been tipped into the sector, focusing on new technologies (primarily in gas production) that will reduce emissions. Minister for Energy and Emissions Reduction Angus Taylor said the Budget would work towards “bolstering our position as a leader” in developing low emissions technologies. ....
What’s in store for renewable energy in the new Federal Budget? Renewable solutions have been put on the backburner in the 2021/22 Federal Budget, which has leaned heavily into gas production and emission reduction. Treasurer Josh Frydenberg splashed the cash in the latest Budget, aiming to undo the damage done by COVID-19 last year. But it seems there was little left in the kitty when it came to investment in renewable projects like wind and solar. Instead, more than $1.8 billion has been tipped into the sector, focusing on new technologies (primarily in gas production) that will reduce emissions. Minister for Energy and Emissions Reduction Angus Taylor said the Budget would work towards “bolstering our position as a leader” in developing low emissions technologies. ....