House debates

Wednesday, 14 September 2016


Budget Savings (Omnibus) Bill 2016; Consideration in Detail

11:36 am

Photo of Scott MorrisonScott Morrison (Cook, Liberal Party, Treasurer) Share this | Hansard source

The Clean Energy Innovation Fund provides debt and equity, not grants, to target clean energy technologies and businesses that have passed beyond the R&D stage but are not yet commercially ready to attract private sector capital. This type of government financial support will continue to support clean energy, but, unlike grants, will provide a return to the taxpayer. I think that covers the member's question.


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