How could a gov stand by and watch an entire industry die? Oh yeah, it's the Abbott gov.
The Australian government – and ministers Greg Hunt and Ian Macfarlane in particular, like to tell everyone how much they support renewable energy. But they seem to be doing their level best to trash the industry in Australia.
Key data released late last week underlines the disastrous state of the large-scale renewable sector: for all intents and purposes, it doesn’t exist.
Bloomberg New Energy Finance data shows that Australia is on track to record its lowest level of asset financing for large-scale renewables since 2002 – as just $193 million was committed in the third quarter of the year.
From ranking No 11, in the world in 2013, Australia has fallen behind Algeria and even Myanmar.
Australia, which should be one of the world’s leaders in the industry, is seeing its industry collapse. The three biggest Australian investors in renewable energy are in deep trouble. more
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