Malcolm Turnbull (Wentworth, Liberal Party, Prime Minister) Share this | Hansard source

I thank the honourable member for his question. The Clean Energy Finance Corporation certainly has been making some investments in this area and, in that respect, has been assisting in supporting the reduction of emissions. It is a fair question, however, to ask whether it is necessary as an institution. Indeed, it was the government's policy to abolish it because we do not support government banks for the simple reason that new government banks are performing roles that can be perfectly adequately fulfilled by the private sector and are not necessary.

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