The Australian Government’s plan to use its Renewable Energy Agency (ARENA) to bankroll the development of low emissions technologies has been extinguished after a bill it banked on passing was blocked, stopping access to billions of dollars in funds.
Last year’s 2020-21 federal budget (pdf) had allotted $1.6 billion (US$1.2 billion) to ARENA in the hopes it would go towards tackling key emissions-reduction opportunities in its Technology Investment Roadmap.
