Clean energy projects will receive a funding boost as the Victorian government seeks to drive the state's battered economy out of the coronavirus recession
Clean energy projects will receive a Victorian government funding boost in the hope of driving the state's battered economy out of the coronavirus downturn and avoiding a slump in wind and solar investment.
"It's a shot in the arm for the industry," said Kane Thornton of the Clean Energy Council, a group representing renewable energy firms."These sorts of auctions provide a lot of confidence and ultimately bring forward projects that wouldn't otherwise get off the ground because of uncertainty around the energy market.
"We know Victorians are doing it tough and affordable reliable power is more important than ever," Ms D'Ambrosio said. "This will help to deliver that as well as creating jobs and stimulating the economy."Climate advocates say the unprecedented upheaval of COVID-19 presents a once-in-a-generation opportunity to accelerate the energy transition.
Federal crossbenchers have criticised the government's plan for a taxpayer-funded gas-led recovery, as recommended by the Prime Minister's COVID-19 advisory body, saying it is out of step with commitments under the Paris climate agreement to keep global warming below 2 degrees.
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